Guardian Exploration Inc.
TSX VENTURE : GX

Guardian Exploration Inc.

May 26, 2006 09:15 ET

Guardian Announces Management Changes

CALGARY, ALBERTA--(CCNMatthews - May 26, 2006) - Guardian Exploration Inc. ("Guardian" or the "Corporation") (TSX VENTURE:GX) is pleased to announce the appointment of Mr. Lyle Whitmarsh, President of Trinidad Energy Services Income Trust (TSX: TDG-UN), as a new director. Mr. Whitmarsh brings more than 15 years of experience in the Western Canadian oil & gas exploration industry to the board of Guardian "We are delighted to have someone with Lyle's experience and knowledge on our team," said Graydon Kowal, Chief Executive Officer of Guardian. "His depth of knowledge and familiarity with oil & gas operations will be especially valuable in moving the company forward." Between 1987 and 2000, Mr. Whitmarsh was employed in an operational capacity with Champion Drilling (a division of Artisan Drilling) ultimately becoming the Operations Manager of Artisan Drilling in 1998 upon its acquisition by Ensign Resource Services Group Inc. In 1999, Mr. Whitmarsh formed his own drilling consulting company, Summit Oilfield Consulting, Ltd., specializing in drilling high profile horizontal, vertical and coal bed methane wells in Western Canada in areas with diversified technical problems and environmental issues. Mr. Whitmarsh has been employed with Trinidad Drilling since July 2000, initially as a Field Supervisor then as General Manager in April of 2001 and ultimately as President in November of 2002.

Guardian also announces the resignation of Mr. David Mallory as Chief Financial Officer and director for health-related family reasons. Mr. Mallory has been instrumental in the development Guardian's business throughout the last year and will be missed by the board and management of Guardian. The board would like to thank Mr. Mallory for his significant contributions. Guardian is currently in negotiations with experienced individuals to replace Mr. Mallory in the Chief Financial Officer role of Guardian. For the short term, Mr. Kowal will assume the role of Chief Financial Officer until a replacement has been engaged.

This press release shall not constitute an offer to sell or a solicitation of an offer to buy securities in any jurisdiction. The common shares of Guardian will not be and have not been registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States, or to a U.S. person, absent registration or applicable exemption therefrom.

Except for historical information contained herein, this news release contains forward-looking statements that involve risks and uncertainties. Such forward-looking statements or information are based on a number of assumptions which may prove to be incorrect. Although Guardian believes that the expectations reflected in such forward-looking statements or information are reasonable, undue reliance should not be placed on such forward-looking statements because Guardian can not give assurance that such expectations will prove to be correct. Forward-looking statements or information are based on current expectations, estimates and projections that involve a number of risks and uncertainties which could cause actual results to differ materially from those anticipated by Guardian and described in the forward-looking statements or information. The forward-looking statements or information contained in this news release are made as of the date hereof and Guardian does not undertake any obligation to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws.

The TSX Venture Exchange Inc. does not accept responsibility for the adequacy or accuracy of this press release.

Contact Information

  • Guardian Exploration Inc.
    Graydon Kowal
    President and CEO
    (403) 730-6333
    or
    Guardian Exploration Inc.
    Gail Hibbs
    Manager, Investor Relations and Corporate Affairs
    (403) 234-7242