Guardian Announces Proposal to Retire Debt

Group 1 - Guardian Exploration Inc. has agreed to issue 200,000 common shares at a deemed price of $0.115 per share to retire $23,000 of indebtedness to an arm's length contractor, pending approval from the TSX Venture Exchange [1] - The shares issued in connection with the debt settlement will be subject to a statutory four-month hold period in accordance with applicable securities laws [2] Group 2 - Guardian Exploration Inc. is a TSXV listed company engaged in oil and gas as well as mineral exploration and development, with prospects including the Mount Cameron Property in the Yukon's Mayo Mining District, Kaigani claims in Southeast Alaska, and the Sundog gold project in Nunavut [3]