Guardian Exploration Inc. (TSX VENTURE:GX) ("Guardian" or the "Company") has
entered into a farm-in agreement ("Agreement") with intermediate oil and gas
producer Compton Petroleum Corporation ("Compton", CMT on the Toronto Stock
Exchange) on its 79,000 net acre (123 sections) parcel in North-western Montana.
The land is located in the Teton and Lewis & Clark Counties, one township next
to the acreage of Primary Petroleum Corporation, who has recently announced a
proposed joint venture with a major U.S. oil and gas producer. 


Under the terms of the Agreement, Guardian has committed to acquiring $2,000,000
of new geophysical survey data before July 31, 2012. Upon completion of the
survey commitment the lands will be divided into three equally sized earning
blocks and prior to December 31, 2012 Guardian will drill a Bakken test well at
a location of its own choosing, earning the Company a 50% working interest in
the earning block in which the drilling occurs. Guardian will then have the
right to drill two further option wells with each well earning the Company a 50%
working interest in the earning block in which each drilled well is located.
Guardian will be responsible for 100% of the costs associated with the survey
commitment and the three earning wells. Upon completion of the stated
commitments and option wells, Guardian will hold a 50% working interest in the
79,000 acre farmout lands.


Guardian's initial examination of historical well logs on the farmin lands
indicate thicknesses of 35 to 50 feet in the prospective Three Forks and Bakken
zones. The Company sees similarities with Glacier County well logs, where
Newfield Exploration and Rosetta Resources continue to drill and frac horizontal
wells into the aforementioned formations. Guardian continues to monitor the
Glacier County, Montana activity closely as the operators in the area have put
several wells on production but have yet to publicly release any production
figures, with the closest producing well being only seven miles away from
existing Guardian lands.


"Guardian is excited with the potential that this partnership may bring to the
shareholders of both companies. Our evaluations thus far give us a lot of
confidence that the Alberta Bakken fairway continues through these lands and
will provide the Company with years of drilling locations," states Graydon
Kowal, Guardian President and CEO. 


At this time Guardian would also like to announce the engagement of Mr. Mike
Dalton as the new Chief Financial Officer of the Corporation. Mr. Dalton has
over 15 years of experience in tax and accounting with Canadian public and
private companies, and has been acting as a consultant to the Company since
2010. Some of Mr. Dalton's previous experience includes positions at Canadian
Natural Resources, PricewaterhouseCoopers, Total E&P Canada, and Central Global
Resources. In conjunction with Mr. Dalton's appointment, the Company has granted
him 200,000 stock options. The options, which are convertible into common shares
of Guardian, have an exercise price of $0.10 per share, will vest over two
years, and have a five year term to expiry. 


Guardian is a Calgary-based corporation engaged in the acquisition, exploration
and development of resource properties. Common shares of the company trade on
the TSX Venture Exchange under the trading symbol "GX".


Investors are cautioned that this news release contains forward looking
information. Such information is subject to known and unknown risks,
uncertainties and other factors that could influence actual results or events
and cause actual results or events to differ materially from those stated,
anticipated or implied in the forward-looking information. Readers are cautioned
not to place undue reliance on forward-looking information, as no assurances can
be given as to future results, levels of activity or achievements.


This news release shall not constitute an offer to sell or the solicitation of
any offer to buy, nor shall there be any sale of these securities in any
jurisdiction in which such offer, solicitation or sale would be unlawful. The
securities offered have not been and will not be registered under the U.S.
Securities Act of 1933, as amended, and may not be offered or sold in the United
States absent registration or applicable exemption from the registration
requirements of the U.S. Securities Act and applicable state securities laws.
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