Guardian Capital Group Announces Passing of Chairman and CEO John Christodoulou

   Guardian Capital Group Limited (Guardian) (TSX: GCG)(TSX: GCG.A) announces with great sadness the passing of John Christodoulou, peacefully and with his family present, on the morning of Thursday, July 14th, 2011.

"As long time Chairman and Chief Executive Officer of Guardian Capital Group Limited, John was the leader, the inspiration and the soul of integrity for the Guardian team", said Guardian President George Mavroudis. "He successfully ingrained into the organization a culture of ethics, integrity and excellence from which we and our clients will continue to benefit. He will be missed by all."

About Guardian Capital Group Limited

Guardian is a diversified financial services company founded in 1962. Guardian provides institutional and private wealth investment management services; 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 George Mavroudis [phone] Guardian Capital Group Limited Vern Christensen [phone]