New Risk • May 29
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 16% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (28% average weekly change). Negative equity (-CA$2.2m). Earnings have declined by 16% per year over the past 5 years. Revenue is less than US$1m. Minor Risks Shareholders have been diluted in the past year (16% increase in shares outstanding). Market cap is less than US$100m (€24.4m market cap, or US$28.5m). 공시 • May 27
Guardian Exploration Inc. announced that it has received CAD 1.72325 million in funding On May 26, 2026, Guardian Exploration Inc. has amended and closed the transaction. The company now issued 6,893,000 units of the Corporation at a price of AD 0.25 per unit for aggregate gross proceeds of CAD 1,723,260.00.Company paid CAD 12,950.00 in cash commissions and issued an aggregate of 51,800 warrants to certain persons who assisted the corporation in finding subscribers for the offering. Board Change • May 20
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Independent Director Kevin Flaherty was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. 공시 • Apr 11
Guardian Exploration Inc. announced that it expects to receive CAD 2.5 million in funding Guardian Exploration Inc announced a private placement to issue 10,000,000 unit at an issue price of CAD 0.25 for the proceeds of CAD 2,500,000 on April 9, 2026. Each unit will consist of one FT share and one warrant. Each warrant entitles the holder thereof to purchase one ordinary (non-flow through) common share at a price of CAD 0.40 per common share at any time within 24 months following the date of issuance of the warrant. The common shares and warrants will be subject to a hold period of four months and one day from the date of issuance. The corporation may pay finders' fees in connection with the offering in accordance with applicable securities laws and the policies of the TSX Venture Exchange. The offering is subject to receipt of all necessary regulatory approvals, including the approval of the TSX Venture Exchange, and will be conducted in accordance with applicable securities laws. 공시 • Jan 21
Guardian Exploration Inc., Annual General Meeting, Mar 30, 2026 Guardian Exploration Inc., Annual General Meeting, Mar 30, 2026. 공시 • May 06
Guardian Exploration Inc. (TSXV:GX) completed the acquisition of 9,415 Hectare Sundog Gold Project Located in Kivalliq Region from New Break Resources Ltd. (CNSX:NBRK). Guardian Exploration Inc. (TSXV:GX) signed a letter of intent to acquire 9,415 Hectare Sundog Gold Project Located in Kivalliq Region from New Break Resources Ltd. (CNSX:NBRK) for CAD 0.35 million on December 9, 2024. Guardian Exploration has signed a definitive agreement to acquire 9,415 Hectare Sundog Gold Project Located in Kivalliq Region from New Break Resources on April 10, 2025. In consideration for the Assets, upon closing, Guardian will issue 5,000,000 common shares in the share capital of the Company to New Break and make a cash payment of $75,000. In addition, Guardian will pay $18,830 to New Break as reimbursement for the 2024-2025 annual rent paid to NTI by New Break in December 2024. Guardian will assume all of the obligations under the MEA including the annual exploration expenditure requirements and annual rent payments due to Nunavut Tunngavik Incorporated (“NTI”).
In connection with the Acquisition, Guardian will grant an option to New Break to purchase a 20% interest in the Sundog project at any time for $1.00, carried through to a decision to mine. Upon exercise, the parties will enter a joint ventureagreement on mutually agreed terms.
The transaction is subject to approval by regulatory board / committee, approval of merger agreement by target board and approval of offer by acquirer board. The transaction is expected to close no later than April 30, 2025.
Guardian Exploration Inc. (TSXV:GX) completed the acquisition of 9,415 Hectare Sundog Gold Project Located in Kivalliq Region from New Break Resources Ltd. (CNSX:NBRK) on May 5, 2025. 
