Acquisition Completed Of The Kaigani Mining Claims

CALGARY - Guardian Exploration Inc. has completed the acquisition of mineral claims located on southern Dall Island, southeast Alaska, known to the parties as the Kaigani claims from Dennis Moore.  The purchase price for the Assets was satisfied through issuance of 1,000,000 Common Shares in the share capital of Guardian, a cash payment of US$35,000 and a 1.5% Net Smelter Royalty.  Guardian is entitled to buy back ½ of the Net Smelter Royalty at a price of US$1,500,000 for a period of five years or 120 days from the date a preliminary economic assessment is issued with respect to the claims, whichever is earlier.

In the event that a drilling permit that enables Guardian to drill on the mining claims is issued within five years from the date of the Asset Purchase Agreement, Guardian will pay Moore an additional US$25,000 and will issue Moore an additional 1,000,000 Common Shares.