News Releases

GGOF Media Conference Call Monday March 20, 2006 - Inflation Protection in Today's Global Universe

WHAT:

Many Canadian investors are old enough to remember the oil shocks of the 1970's, and those who aren't, certainly received a taste of it in 2005 when major hurricanes hit the U.S. southeast and caused temporary supply shortages. While inflation has been a relatively minor concern for Canadian investors, with the Consumer Price Index (CPI) averaging only 2 per cent over the last 15 years, history tells us that inflation can be a great destroyer of wealth.

Over a comparable 15-year period from 1970 to 1985, for instance, Canadian CPI rose by an average of 8 per cent each year. In that environment, investors needed to generate an 8 per cent investment return just to prevent purchasing power erosion. While we aren't likely to see an imminent return to those levels of inflation, surging demand for raw materials in the developing nations, particularly in India and China, suggests investors should not ignore this investment risk.

Join Guardian Group of Funds (GGOF) and three of its world-class portfolio advisors for a look at investing in today's global universe.

Experts will discuss:

� Why investors should protect their portfolio against inflation

� The role global resource stocks and Asian-Pacific growth stocks play in inflation protection

� How to access Asian equities and resource stocks with lower volatility than normally associated with these asset classes

� Using multiple asset classes to provide a diversified source of investment returns

WHO:

Gavin Graham, Chief Investment Officer, GGOF

Mark Headley, Matthews International Capital Management

Co-manager, GGOF Global Diversified Fund and Lead Manager, GGOF Japanese Value Fund

Bruce Jackson, Barrantagh Investment Management

Co-manager, GGOF Global Diversified Fund, GGOF Resource Fund and GGOF Small Cap Growth and Income Fund

Matt Haynes, Lazard Asset Management

Co-manager, GGOF Global Diversified Fund

WHEN:

Monday, March 20, 2006

11:00 a.m. Eastern Standard Time

WHERE:

Call in number: 416-695-7806 or 1-888-789-9572

A print transcript of the conference call will be available upon request.

- 30 -