GCG Guardian Capital Group Ltd

John Christodoulou, Chairman and Chief Executive Officer, today announced the appointment of George Mavroudis to the position of President of Guardian Capital Group Limited ("Guardian") (TSX: GCG)(TSX: GCG.A), effective immediately.

Mr. Mavroudis has been with Guardian since 2005 in the position of Senior Vice-President, Strategic Planning and Development. During that period, he has assumed additional leadership roles with Guardian's operating subsidiaries, including the role of Chief Executive Officer for Guardian's private client and institutional investment management businesses, Guardian Capital Advisors LP and Guardian Capital LP. He continues in these roles while assuming his new position.

Prior to joining Guardian, Mr. Mavroudis was a Managing Director at JP Morgan Asset Management and served several years with the company as a senior executive in its London, Moscow, New York and Toronto offices.

Guardian Capital Group Limited is a diversified financial services company founded in 1962. Guardian provides institutional and high net worth investment management services to clients, financial services to international investors, and services to financial advisors in its national mutual fund dealer, securities dealer, and insurance distribution network. Its Common and Class A shares are listed on the Toronto Stock Exchange.

Contacts: Guardian Capital Group Limited C. Verner Christensen (416) 947-4093 Guardian Capital Group Limited Sam Greiss (416) 947-3743