Minic Investments Limited of Toronto ("Minic") (TSX:GCG)(TSX:GCG.A) announces
that on April 16, 2010 (the "Effective Date") it acquired ownership of 583,600
non-voting Class A shares of Guardian Capital Group Limited ("GCGL"), as a
result of which Minic now beneficially owns 3,207,000 GCGL non-voting Class A
shares, representing 11.0% of the 29,135,319 issued and outstanding non-voting
Class A shares.


Minic entered into an agreement with John Christodoulou (the "Vendor"), the
Chairman and Chief Executive Officer of GCGL, to acquire the purchased shares on
the Effective Date. In exchange for the purchased shares, Minic paid non-cash
consideration in the form of preferred shares issued by Minic to the Vendor,
having an aggregate redemption price equal to the fair market value of the
purchased shares on the Effective Date. The value of the non-cash consideration
paid by Minic was $8.21 per non-voting Class A share, which is equal to the
closing trading price for the GCGL non-voting Class A shares on the Toronto
Stock Exchange on the day before the Effective Date. Both Minic and the Vendor
continue to be insiders of GCGL.


The 583,600 non-voting Class A shares of Guardian were acquired by Minic for
investment purposes. Minic may acquire additional non-voting Class A shares and
common shares of Guardian in the future for investment purposes.
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