Guardian Exploration Inc. (TSXV:GX) entered into an agreement to acquire Kaigani mining claims, Alaska from Dennis Moore for $0.13 million on February 2, 2022. The purchase price for the assets will be satisfied through issuance of 1 million common shares in the share capital of Guardian, a cash payment of $35,000 and a 1.5% Net Smelter Royalty. As per the terms of the agreement, Dennis Moore will also be entitled to receive $0.025 million in cash and an additional 1 million common shares of Guardian upon the issuance of a drilling permit enabling Guardian to drill on the mineral claims. Guardian will be entitled to buy back half of the Net Smelter Royalty at a price of $1.5 million 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. Completion of the acquisition is subject to Exchange approval and to other conditions usual to transactions of this nature. The transaction is expected to close on or before March 31, 2022.

Guardian Exploration Inc. (TSXV:GX) completed the acquisition of Kaigani mining claims, Alaska from Dennis Moore on February 17, 2022.