Guardian Exploration Inc. Has Succesful Well in Jenner, New Montana Drill Permit Issued

(via Thenewswire.ca)

Jenner, Alberta

Guardian Exploration Inc. ("Guardian" or "the Company") is pleased to announce that it has started to produce oil from its recently completed Pekisko oil well, Deckland 6-16 Hz, in the Jenner area of Alberta. The well has been free flowing since January 6 with rates of approximately 30 to 40 barrels of oil per day for the month of January. It is management's belief that once a pump has been installed it has the capacity to produce in excess of 100 barrels of oil per day. Production from the 6-16 well is currently being restricted due to an upper zone that may have been breached in the middle part of the horizontal well bore. Guardian's consulting engineers have put together a comprehensive plan to identify and subsequently isolate this inflow which is anticipated to increase oil volume into the well bore. It is management's belief that successful logging, identification, and isolation could potentially result in oil production of approximately 300 to 400 barrels per day. This well qualifies for a royalty rate of 5% on the first to occur of either 50,000 barrels produced or 18 months. The farm-in agreement is pending TSX-Venture Exchange approval as it is non "arms-length", as described below. Guardian's net interest in the well is 50%.

Deckland Inc.("Deckland"), the farmor and operator of the 6-16 well to Guardian, is owned by Graydon Kowal, who is also Guardian's CEO and largest shareholder. This is Deckland's second successful well drilled in the area. For reference, less than a mile to the east is the 5-15 well - drilled in 2011, the well is currently on pump and averaging approximately 100 barrels of oil per day (January 2013 production). Deckland maintains a 100% interest in the remaining Jenner project area of 4,000 acres and, given the success of the current drilling program and further seismic analysis, management projects that as many as 15 to 25 additional Pekisko wells could be drilled on these lands. Due to the relationship between Deckland and the Company, and as management evaluates its strategic alternatives, Deckland has indicated it is prepared to offer Guardian a rolling option to farm-into the project based upon final results of the 6-16 well optimization program. This would provide Guardian the opportunity to drill additional wells, potentially providing a means for the Company to further increase its reserves and cash flow.

Deckland has received approval to construct an oil pipeline from its 5-15 well to a water separation/disposal battery owned by a third party. The 6-16 well could potentially tie-in to this line which would greatly reduce its operating costs. Further information will be provided on the optimization program and the potential joint venture proposal when available.

A well known outside reserve engineering firm of Calgary, Alberta has been retained to provide a 51-101 compliant reserve estimate, which will be publicly disclosed upon completion.

Cut Bank, Montana

With respect to the Company's Cut Bank, Montana property, the Company is also pleased to announce that its wholly owned US subsidiary, K2 America Corp ("K2"), has received approval to drill a well targeting the Cut Bank formation, located at a depth of 3,000 feet. The location is directly beside K2's Atlantic 3-5 well, drilled in 1998. The Atlantic 3-5 well encountered oil but due to casing separation issues was never able to produce oil. Guardian feels that drilled properly, this will be a very productive oil well for the area. The Company anticipates this well to be drilled in the second quarter of 2013.

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

For further information, contact:

Graydon Kowal

President and CEO

(403) 269-5870

Neither 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.

This release includes certain statements that may be deemed "forward-looking statements". Forward-looking information typically uses words such as "anticipate", "believe", "project", "expect", "goal", "plan", "intend" or similar words suggesting future outcomes, statements that actions, events or conditions "may", "would", "could" or "will" be taken or occur in the future. All statements in this release, other than statements of historical facts, that address future production, reserve potential, exploration drilling, exploitation activities and events or developments that the Company expects are forward-looking statements. Although the Company believes the expectations expressed in such forward looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those in forward looking statements include market prices, exploitation and exploration successes, continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and those actual results or developments may differ materially from those projected in the forward-looking statements. For more information on the Company, Investors should review the Company's registered filings which are available at www.sedar.com.

Barrel of Oil Equivalent Presentation - Natural gas is converted to a barrel of oil equivalent ("boe") using six thousand cubic feet ("mcf") of natural gas equal to one barrel of oil unless otherwise stated. Boe may be misleading, particularly if used in isolation. A boe conversion ratio of six mcf to one barrel ("bbl") is based on an energy equivalency conversion method primarily applicable at the burner tip and does not represent a value equivalency at the wellhead. All boe measurements and conversions in this report are derived by converting natural gas to oil in the ratio of six thousand cubic feet of gas to one barrel of oil. Natural Gas Liquids ("NGL") are reported in barrels directly.

This news release shall not constitute an offer to sell or the solicitation of any offer to buy, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful. The securities offered have not been and will not be registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or applicable exemption from the registration requirements of the U.S. Securities Act and applicable state securities laws.

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