GCG Guardian Capital Group Ltd

Guardian Capital Group Limited (TSX: GCG)(TSX: GCG.A) ("Guardian") today announced the following changes to its Board of Directors:

--  the resignation of Dr. F.D. "Derm" Barrett as a member of the Board; and

--  the appointment of Mr. Barry J. Myers, FCA, as a member of the Board and
    a member of the Audit Committee.

In announcing the changes, Mr. John Christodoulou, Chairman, expressed the appreciation of the Board for Mr. Barrett's long and exemplary service to the Company.

Mr. Barry Myers, a Senior Advisor with Borden Ladner Gervais, was a partner of PricewaterhouseCoopers (formerly Coopers & Lybrand) from 1982 to 2008. Throughout his time as Partner, Mr. Myers held various leadership positions, including as Canadian financial services and investment management industry practice leader.

Guardian Capital Group Limited is a diversified financial services company founded in 1962. Guardian provides investment management services to institutional and high net worth clients; provides financial services to international investors; and provides 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 Vern Christensen (416) 947-4093 Guardian Capital Group Limited Sam K. Greiss (416) 947-3743