Guardian Exploration Inc.

Guardian Exploration Inc.

July 16, 2008 12:57 ET

Guardian Announces Officer Appointment

CALGARY, ALBERTA--(Marketwire - July 16, 2008) - Guardian Exploration Inc. ("Guardian" or the "Corporation") (TSX VENTURE:GX) is pleased to announce the appointment of Michael P. Costello as Chief Financial Officer.

Mr. Costello has over 20 years of professional experience in a variety of senior financial executive, professional and consultative roles gained within a diverse range of publicly-traded and privately-held companies and professional service firms in London, New York, Toronto and Calgary. He has valued corporations and business interests in a variety of situations involving acquisitions and divestitures, corporate restructuring and capital raising activities. Mr. Costello completed a Bachelor of Commerce degree at the University of Calgary in 1984, obtained his Chartered Accountant designation with KPMG in 1987 and his Chartered Business Valuators designation in 2002.

Graydon Kowal, President and CEO, commented that "We are pleased that this highly experienced individual is joining our team to assist in accelerating the anticipated growth of Guardian."

In conjunction with Mr. Costello's appointment, the Corporation has granted 350,000 stock options. The options, which are convertible into common shares of the Corporation, have an exercise price of $0.295 per share and a five year term to expiry.

Guardian is a Calgary-based corporation engaged in the acquisition, exploration and development of resource properties. Common shares of the company trade on the TSX Venture Exchange under the trading symbol "GX".

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) 269-5870