GEG

Ginguro Exploration Inc. (TSX VENTURE:GEG) (the "Company" or "GEG") wishes to
provide the following discussion of the recently reported 007 and Eastern Reef
Zones at the Company's Pardo property, located approximately 65 km northeast of
Sudbury, Ontario.


Ginguro has been pioneering gold paleo-placer exploration in North America for
four years. During that time, the Company has developed an effective set of
exploration tools for finding gold bearing conglomerates at surface. Both the
007 Zone and Eastern Reef zone demonstrate how successful these methods can be.


Paleo-placer gold deposits are ancient placer deposits in which the gold bearing
gravels and other river sediments have been solidified into solid rock. The gold
particles transported by the ancient river system are typically deposited
between pebbles and cobbles that lay on the old riverbed. At Pardo, the
conglomerates have not undergone high metamorphism. Therefore, the gold grains
remain 'free gold' and, in the high grade areas, are frequently visible to
Company geologists as they collect samples. A modern day analogue would be the
Klondike or other river systems along the west coast of North America, where
prospectors retrieve gold from river gravels with a simple pan and water. 


Ginguro has recently announced assay results from the first part of a long
channel cut from the 007 Zone which yielded 40.1 g/t gold over a length of 22.5
meters (see press release dated August 29, 2013). An earlier announcement
provided results from initial sampling at the Eastern Reef which yielding from
1.1 g/t up to 40.0 g/t. Ginguro has now cut and delivered, to the assay lab,
further samples representing approximately 35 meters from the 007 Zone. An
additional 244 samples representing 122 meters from the Eastern Reef have also
been delivered for assay. Diamond sawing of additional samples is ongoing at the
Eastern Reef. The Company expects numerous batches of assay results to be
returned in the coming weeks. 


The Eastern Reef has been uncovered over 200 meters in a north-south direction
and variably up to 50 meters east-west. The Eastern Reef is located east of an
area where the Company drilled a broad grid of holes in 2010 south of the
original Trench 2 discovery made by the previous operator. Additional holes were
again drilled south and west of the Trench 2 Zone in late 2012, in an effort to
prove up continuity to the Zone (see press release dated October 30, 2012 and
November 29, 2012, as well as maps on the Company's website at www.ginguro.com).
The 2010 and 2012 holes, together with the gold bearing conglomerates uncovered
at surface have outlined an area of at least 700m by 700m, which contain gold
enriched boulder conglomerates. The Company believes that the recently
discovered 007 Zone and the Eastern Reef represent two gravel bars of an
extensive braided stream system. The model would suggest that the 500,000 square
meters of the boulder conglomerate is crisscrossed with high-grade channels
throughout.


The distribution of heavy minerals (pyrite, gold, and uranium) occur in pressure
shadows behind and below large cobbles and boulder clasts in the conglomerate.
This indicates a high-energy, fast water flow environment during gold
deposition. The implication of this being that the gold mineralization in this
environment should be expected to include coarser nuggets and be unevenly
distributed. This is very well illustrated by the results of a 2009 drill hole,
which was drilled south of the Eastern Reef and intersected a 1cm diametre gold
nugget. The half of the drill core that did not contain the nugget did not
return any significant gold values. Because of this irregular gold distribution,
gold contents will be much more reliably established when larger sample sizes
are analyzed. The Company is incorporating this fact into the planning for the
next phase of work at Pardo. The next phase of work will be designed to move the
Company in the direction that is required for a NI 43-101 compliant resource
calculation.


In 2010, on the periphery of the Eastern Reef, the Company drilled hole PD-10-57
returning an assays of 0.61 g/t over 1.3m, hole PD-10-59 returning an assay of 1
g/t over 2.23 m, and hole PD-10-60, which returned no significant assays. These
drill results only reinforce the observation that the gold in this environment
is very irregularly distributed and was strongly influenced by the local river
conditions. Reviewing the thicknesses of the conglomerate intersection in these
holes, it appears that these holes contain thicker conglomerate than what can be
measured in the surface exposure at the Eastern Reef. It appears that the
conglomerate containing the gold at the Eastern Reef may be from 5 to 6 meters
in thickness.


"I look forward to sharing the assay results from the large number of channel
samples to come from both the 007 Zone and the Eastern Reef," stated President
and CEO, Richard Murphy, "Furthermore, I will enjoy showing both of these
discoveries to our shareholders and other interested parties through this
autumn."


The both the 007 Zone and the Eastern Reef are located within the Pardo JV
Property. Ginguro holds a 55% interest and Endurance Gold Corporation holds the
remaining interest in the Pardo JV. Ginguro is funding 100% of the most recently
approved program.


Ginguro Exploration Inc. is a mineral exploration company focused on the
advancement of its Pardo paleo-placer gold property, located in Pardo Township
in northern Ontario. To learn more about Ginguro Exploration Inc., please visit:
www.ginguro.com.


The Qualified Person responsible for the geological technical content of this
news release is Richard Murphy, P.Geo, President and CEO of Ginguro Exploration
Inc.


Statements in this release that are forward-looking statements are subject to
various risks and uncertainties concerning the specific factors disclosed under
the heading "Risk Factors" in the Corporation's filings with Canadian securities
regulators. Such information contained herein represents management's best
judgment as of the date hereof based on information currently available. The
Corporation does not assume any obligation to update any forward-looking
statements, save and except as may be required by applicable securities laws.


Pardo samples are transported in security sealed bags for preparation at AGAT
Prep Lab located in Sudbury, Ontario. Prepped samples are shipped for analysis
to the AGAT Assay Laboratory in Mississauga, Ontario. AGAT Laboratories Ltd. is
an ISO 17025 registered laboratory. Samples are analyzed by industry standard 50
gram fire assay fusion with atomic absorption spectroscopy (AAS) finish, and a
gravimetric finish on samples exceeding 10 g/t gold. The Company inserts a
certified reference standard or an analytical blank in every batch of 20
samples. Validation parameters are established in the database to ensure quality
control.


Neither TSX Venture Exchange nor its Regulation Services Provider (as that term
is defined in the policies of the TSX Venture Exchange) accepts responsibility
for the adequacy or accuracy of this release.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Ginguro Exploration Inc.
Richard Murphy
President and CEO
(705) 222-8800
(705) 222-8801 (FAX)
info@ginguro.com
www.ginguro.com

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