GX Guardian Exploration Inc

Guardian Exploration Inc.  ("Guardian" or "the Company") (TSX VENTURE:GX) is
pleased to announce that it has finished drilling the farm-in well with Deckland
Inc. in the Jenner area of Alberta, previously announced on November 30, 2012.
Under the terms of the farmin agreement, the Company has earned a 50% working
interest in the well. This agreement is pending TSX-Venture Exchange approval as
it is "non-arms length". 


The well reached a Total Measured Depth ("TMD") of 2,300m, of which 1,200m is a
horizontal, open-hole completion through the targeted Pekisko formation. Initial
analysis indicates that 70% of the horizontal section encountered hydrocarbons
with high gas shows and visible oil. The well was initially planned to be
drilled to a TMD of 1,800m but, due to the target formation continuing further
south than initially expected, the well was drilled another 500m. No significant
operational issues were encountered and all costs over the budgeted $900,000
were associated with the added length of the horizontal leg.


The drilling of this well satisfies Guardian's flow through share spending
obligation from its 2011 share issuance. It should also be noted that the
majority of costs associated with this well to date have been paid using funds
raised by the recent sale of assets. Therefore Guardian has not taken on debt
and did not dilute its current shareholders in order to increase its monthly
production rate going forward. 


The well is not planned to be production tested as the operator is confident
that the well will have economic production. Currently preparations are underway
to tie into a natural gas pipeline that runs adjacent to the well pad to capture
the associated solution gas. Oil will initially be produced to tanks on site and
trucked to a nearby sales point. The expectation is that the well will be ready
to start producing in the first week of January 2013. Production rates will be
publicly disclosed once they become available. 


Graydon Kowal, Guardian's CEO, stated "Drilling in December can often be a
challenge given weather and scheduling issues so we are happy that things went
as planned and look forward to start producing this well in January."


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". 


This release includes certain statements that may be deemed "forward-looking
statements". All statements in this release, other than statements of historical
facts, that address future production, reserve potential, exploration drilling,
exploitation activities and events or developments that the Company expects are
forward-looking statements. Although the Company believes the expectations
expressed in such forward looking statements are based on reasonable
assumptions, such statements are not guarantees of future performance and actual
results or developments may differ materially from those in the forward-looking
statements. Factors that could cause actual results to differ materially from
those in forward looking statements include market prices, exploitation and
exploration successes, continued availability of capital and financing, and
general economic, market or business conditions. Investors are cautioned that
any such statements are not guarantees of future performance and those actual
results or developments may differ materially from those projected in the
forward-looking statements. For more information on the Company, Investors
should review the Company's registered filings which are available at
www.sedar.com. 


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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Guardian Exploration Inc.
Graydon Kowal
President and CEO
(403) 269-5870

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