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 (23% 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 (CA$39.2m market cap, or US$28.5m). Tillkännagivande • 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. Tillkännagivande • 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. Tillkännagivande • Jan 21
Guardian Exploration Inc., Annual General Meeting, Mar 30, 2026 Guardian Exploration Inc., Annual General Meeting, Mar 30, 2026. New Risk • Jul 20
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: CA$13.1m (US$9.54m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$456k free cash flow). Shares are highly illiquid. Negative equity (-CA$1.3m). Earnings have declined by 16% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (CA$13.1m market cap, or US$9.54m). Board Change • Jul 04
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 1 highly experienced director. 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 following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Board Change • Jun 05
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. Board Change • May 16
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. Tillkännagivande • 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. Board Change • Mar 27
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. Board Change • Feb 18
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. Board Change • Dec 17
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. Tillkännagivande • Jul 17
Guardian Exploration Inc., Annual General Meeting, Oct 04, 2024 Guardian Exploration Inc., Annual General Meeting, Oct 04, 2024. Board Change • Apr 19
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. Board Change • Oct 13
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. Board Change • Aug 31
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. Board Change • Jul 29
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 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Tillkännagivande • Jul 18
Guardian Exploration Inc., Annual General Meeting, Sep 22, 2023 Guardian Exploration Inc., Annual General Meeting, Sep 22, 2023. Board Change • Jul 13
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 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • May 17
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 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Apr 06
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 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Jan 18
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 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Nov 17
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 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Oct 12
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 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Aug 02
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 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Tillkännagivande • Jul 21
Guardian Exploration Inc. Announces Election of Roger Jewett to Board of Directors Guardian Exploration Inc. announced that Roger Jewett, CPA, was elected as a director of the Corporation at the Corporation’s latest Annual General and Special Meeting that was held on July 15, 2022. Roger Jewett is also the Chief Financial Officer of the Corporation. The Board of Directors of the Corporation currently comprises Graydon Kowal, who is the President and Chief Executive Officer of the Corporation, Roger Jewett, who is the Chief Financial Officer of the Corporation, and Kevin Flaherty, who is an independent director. Tillkännagivande • May 07
Guardian Exploration Inc., Annual General Meeting, Jul 15, 2022 Guardian Exploration Inc., Annual General Meeting, Jul 15, 2022. Tillkännagivande • Feb 19
Guardian Exploration Inc. (TSXV:GX) completed the acquisition of Kaigani Mining Claims, Alaska from Dennis Moore. Guardian Exploration Inc. (TSXV:GX) entered into an agreement to acquire Kaigani Mining Claims, Alaska from Dennis Moore for $0.13 million on February 4, 2022. The purchase price for the assets will be satisfied through issuance of 1 million Common Shares in the share capital of Guardian, a cash payment of $35,000 and a 1.5% Net Smelter Royalty. Guardian will be entitled to buy back half of the Net Smelter Royalty at a price of $1,500,000 for a period of five years or 120 days from the date a preliminary economic assessment is issued with respect to the claims, whichever is earlier. In the event that a drilling permit that enables Guardian to drill on the mining claims is issued within five years from the date of the Asset Purchase Agreement, Guardian will pay Moore an additional $25,000 and will issue Moore an additional 1,000,000 Common Shares. Completion of the Acquisition is subject to Exchange approval and to other conditions usual to transactions of this nature. The transaction is expected to close on or before March 31, 2022.
Guardian Exploration Inc. (TSXV:GX) completed the acquisition of Kaigani Mining Claims, Alaska from Dennis Moore on February 17, 2022. Tillkännagivande • Feb 16
Guardian Exploration Inc. Announces Resignation of David Mcmillan to Its Corporations Board of Directors Guardian Exploration Inc. announced that David McMillan will resign from the Corporations board of directors effective February 15, 2022. Guardian expresses its sincere thanks to Mr. McMillan for his efforts and contributions as a director of Guardian and wishes him well in his future endeavours. Tillkännagivande • Feb 06
Guardian Exploration Inc. (TSXV:GX) entered into an agreement to acquire Kaigani Mining Claims, Alaska from Dennis Moore for $0.13 million. Guardian Exploration Inc. (TSXV:GX) entered into an agreement to acquire Kaigani Mining Claims, Alaska from Dennis Moore for $0.13 million on February 4, 2022. The purchase price for the assets will be satisfied through issuance of 1 million Common Shares in the share capital of Guardian, a cash payment of $35,000 and a 1.5% Net Smelter Royalty. Guardian will be entitled to buy back half of the Net Smelter Royalty at a price of $1,500,000 for a period of five years or 120 days from the date a preliminary economic assessment is issued with respect to the claims, whichever is earlier. In the event that a drilling permit that enables Guardian to drill on the mining claims is issued within five years from the date of the Asset Purchase Agreement, Guardian will pay Moore an additional $25,000 and will issue Moore an additional 1,000,000 Common Shares. Completion of the Acquisition is subject to Exchange approval and to other conditions usual to transactions of this nature. The transaction is expected to close on or before March 31, 2022. Board Change • Dec 14
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 Dave McMillan was the last independent director to join the board, commencing their role in 2014. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Aug 19
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 Dave McMillan was the last independent director to join the board, commencing their role in 2014. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.