Guardian Completes Acquisition of Sundog Gold Project in Kivalliq, Nunavut

About this update from Guardian Exploration Inc.

[{"type":"text","content":"Guardian Completes Acquisition of Sundog Gold Project in Kivalliq, Nunavut\n\n\n (TheNewswire)\n \n\n\n\n\n\n\n\n\n Calgary, Alberta\n \n\n -\n \n\n TheNewswire -\n \n\n May 2\n \n\n , 2025 -\n \n\n Guardian Exploration Inc. (TSXV: GX) (OTCQB: GXUSF) (Frankfurt: R6B)\n \n\n (“\n \n\n Guardian\n \n\n ” or the “\n \n\n Company\n \n\n ”) is\npleased to announce that it has completed the acquisition of the 100%\ninterest in\n \n\n the mineral rights and exploration\ndata associated with the 9,415 hectare Sundog gold project located in\nKivalliq Region, Nunavut (the “\n \n\n Sundog Property\n \n\n ”) formerly owned by\n \n\n New Break Resources Ltd. (CSE: NBRK)\n(“\n \n\n New Break\n \n\n ”) held pursuant to an Inuit Owned Lands Mineral\nExploration Agreement (“\n \n\n MEA\n \n\n ”) and 60 drums of JetA fuel located in\nArviat, Nunavut (together with the Sundog Property, the\n“\n \n\n Assets\n \n\n ”).  The proposed acquisition was originally announced on\nDecember 9, 2024.\n \n\n\n\n In consideration for the Assets, Guardian has issued\n5,000,000 common shares in the share capital of the Company to New\nBreak and has made a cash payment of $75,000.  Guardian also\nreimbursed New Break for the $18,830 it paid for the 2024-2025 annual\nrent with respect to the Sundog Property. Guardian has assumed all of\nthe obligations under the MEA including the annual exploration\nexpenditure requirements and annual rent payments due to Nunavut\nTunngavik Incorporated.\n \n\n\n\n In connection with the Acquisition, Guardian granted an\noption to New Break to purchase a 20% interest in the Sundog project\nat any time for $1.00, carried through to a decision to mine. Upon\nexercise, the parties will enter a joint venture agreement on mutually\nagreed terms.\n \n\n\n\n The Acquisition of Sundog is an Arm’s Length\nTransaction under the policies of the TSX Venture Exchange (the\n“\n \n\n Exchange\n \n\n ”).  Completion of the Acquisition was subject to approval\nfrom the Exchange, NTI and the boards of Guardian and New Break as\nwell as other conditions usual to transactions of this nature, all of\nwhich were obtained or fulfilled.\n \n\n\n\n About Guardian Exploration\nInc.\n \n\n\n\n Guardian is a TSXV listed company (TSXV: GX) (OT...

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