Garrison International Ltd.

Garrison International Ltd.

June 26, 2009 15:56 ET

Garrison Announces Early Warning Report Filing

TORONTO, ONTARIO--(Marketwire – June 26, 2009) - Garrison International Ltd. (TSX VENTURE:GAU) ("Garrison") announces that an Early Warning Report with respect to its securities has been filed to comply with regulatory requirements under National Instrument 62-103 and Canadian securities laws. The following are excerpts from the Early Warning Report.

(a) the name and address of the offeror:

Anthony Bainbridge
Suite 301, Park View
Apartments, 1 khoroo
Chinggis Road, Sukhbaatar district
Ulaanbaatar, Mongolia
CPO. POB-524

(b) the designation and number or principal amount of securities and the offeror's securityholding percentage in the class of securities of which the offeror acquired ownership or control in the transaction or occurrence giving rise to the obligation to file the report and whether it was ownership or control that was acquired in those circumstances:

Previously, Asia Goldworks Limited held, among other securities, 30,000,000 common shares of Garrison International Ltd. ("Garrison") in trust for Anthony Bainbridge (as to 40%) and Danny Sun (as to 60%). This documents is filed to report that 22,190,000 of the common shares held by Asia Goldworks Limited in trust were transferred to Mr. Bainbridge, a director of Garrison. As a result of the transaction, Mr. Bainbridge has acquired direct and beneficial ownership of 10,190,000 an additional common shares of Garrison (as compared to his direct and beneficial holdings prior to the transaction).

(c) the designation and number or principal amount of securities and the offeror's securityholding percentage in the class of securities immediately after the transaction or occurrence giving rise to obligation to file the report:

Immediately after the transaction, Mr. Bainbridge held 22,390,000 common shares of Garrison directly, and 1,170,000 common shares of Garrison indirectly through Asia Goldworks Limited. These shares constitute approximately 24.7% of the outstanding common shares of Garrison.

In addition, Mr. Bainbridge holds options exercisable to purchase 700,000 common shares of Garrison and beneficial ownership of warrants exercisable to purchase 12,000,000 common shares of Garrison.

(e) the name of the market in which the transaction or occurrence that gave rise to this report took place:

Not applicable.

(e.1) the value, in Canadian dollars, of any consideration offered per security if the offeror acquired ownership of a security in the transaction or occurrence giving rise to the obligation to file a news release;


(f) the purpose of the offeror and any joint actors in effecting the transaction or occurrence that gave rise to this report, including any future intention to acquire ownership of, or control over, additional securities of the reporting issuer;

The transaction was concluded to give effect to a reorganization of the interests in Garrison previously registered to Asia Goldworks Limited, as well as the respective interests of Mr. Bainbridge and Danny Sun (also a director of Garrison) in Asia Goldworks Limited.

(j) if applicable, a description of any change in any material fact set out in a previous report by the entity under the early warning requirements or Part 4 of NI 62-103 in respect of the reporting issuer's securities; and

Not applicable.

(k) if applicable, a description of the exemption from securities legislation being relied on by the offeror and the facts supporting that reliance.

Section 2.3 of NI 45-106.

For full copy of the Early Warning Report, please contact Mr. Blair Krueger, President and CEO of Garrison, at the telephone number provided below.

About the Company

Garrison is a junior mineral exploration company focused on acquiring and developing advanced stage gold properties in Mongolia. For complete details on Garrison International Ltd. and its partners, management encourages investors and interested parties to view its public documents filed on SEDAR at

For all Garrison International Ltd. investor relations needs, investors are asked to visit the Garrison International IR Hub at where they can post questions and receive answers within the same day, or simply review questions and answers posted by other investors. Alternatively, investors are able to e-mail all questions and correspondence to where they can also request to be added to the investor e-mail list to receive all future press releases and updates in real time.


No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. All statements in this news release, other than statements of historical fact, are forward-looking statements that involve various risks and uncertainties, including, without limitation, statements regarding the future plans and objectives of Garrison International Ltd. There can be no assurance that such statements will prove to be accurate. Actual results and future events could differ materially from those anticipated in such statements. These and all subsequent written and oral forward-looking statements are based on the estimates and opinions of management on the dates they are made and are expressly qualified in their entirety by this notice. Garrison International Ltd. assumes no obligation to update forward-looking statements should circumstances or management's estimates or opinions change, other than as required by law.

Shares Outstanding - 97,738,057

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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