Guardian Exploration Inc. announced that it has entered into a loan agreement with Deckland Inc. and Guardian Helicopters Inc. (collectively, the Lenders) for the provision by the Lenders of a revolving loan of up to an aggregate principal amount of $800,000 to be drawn down as required to be used by the Corporation to fund working capital requirements. Under the Loan Agreement, the Lenders may advance or re-advance funds from time to time provided that the maximum amount drawn shall not exceed $800,000. All loan obligations under the Loan Agreement shall be repaid to the Lenders in full on demand.

The loan is unsecured. No bonus securities will be granted to the Lenders for providing the loan. Amounts advanced under the loan shall bear interest of 15% per annum calculated on the daily balance of the amount owing and payable as mutually agreed until payment in full of all amounts due or owing have been paid.