GEG

Ginguro Exploration Inc. (TSX VENTURE:GEG) ("Ginguro") announces today that it
is commencing arbitration proceedings against Endurance Gold Corporation
("Endurance") to enforce Ginguro's rights under the joint venture (the "Joint
Venture") formed pursuant to the provisions of a joint venture agreement dated
March 22, 2012 (the "Joint Venture Agreement") relating to the Pardo property
located approximately 65 kilometers north-east of Sudbury, Ontario, Canada (the
"Pardo Property"). Ginguro held an initial Joint Venture interest of 55%.
However, after completing a program fully funded by Ginguro, as Endurance did
not financially contribute or participate in the program, Ginguro's interest
increased to 70.95% and Endurance's Joint Venture interest decreased from 45% to
29.05%.


Ginguro's claim is to protect its increased interest in the Pardo Property, as
Endurance is now trying to participate in a program retroactively when it
clearly chose not to financially contribute to the program when it had the
opportunity to do so. Endurance is challenging the work program and budget
($1,095,030) that Endurance approved through its representation on the very
committee that unanimously approved the program and budget. The recent
favourable discovery by Ginguro of two separate findings of high grade gold
mineralization at the Pardo Property has spurred Endurance to make several
complaints in an effort to get an increased interest that it is not entitled to
under the Joint Venture Agreement.


It was only after August 13, 2013, when Endurance's President and CEO Robert T.
Boyd was advised of the favourable results realized by Ginguro at the Pardo
Property, that Mr. Boyd began to raise issues to challenge Ginguro's interest,
claiming there was something wrong with Ginguro's operation of the exploration
program.


Ginguro undertook the operation of the program with the sole objective of
benefiting both Endurance and Ginguro through exploration success, as has been
recently enjoyed by both parties.


Ginguro engaged in several discussions with Endurance, after being advised of
objections raised by Endurance, in an attempt to reach a compromise, so that the
exploration and development of the Pardo Property could continue uninterrupted,
rather than commencing arbitration proceedings as contemplated in the provisions
of the Joint Venture Agreement. However, Endurance has refused to engage in
constructive discussions. Accordingly, Ginguro is now forced to protect its
entitlement through the commencement of arbitration proceedings, which Ginguro
hopes to resolve quickly, so that it can return to exploration at the Pardo
Property.


"It is with regret that we must advise our shareholders of the problems we are
now having with Endurance, following our success in the form of the gold
discoveries at Pardo this summer," says Richard Murphy, President and CEO of
Ginguro. "We have worked tirelessly in hope of a settlement with Endurance.
However, our efforts were wasted, as we have not been able to arrive at a
settlement and we must now resort to arbitration."


In accordance with the terms of the Joint Venture Agreement, the parties must
agree on an arbitrator. Otherwise, Ginguro will proceed to obtain a court order
appointing an arbitrator. The hearing of the arbitration will be in the City of
Toronto, in the Province of Ontario and the applicable law will be the laws of
Ontario.


Ginguro is also seeking its legal costs associated with the arbitration proceedings.

About Ginguro

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. 


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.


Forward-Looking Statements - Certain information set forth in this news release
may contain forward- looking statements that involve substantial known and
unknown risks and uncertainties. These forward- looking statements are subject
to numerous risks and uncertainties, certain of which are beyond the control of
Ginguro, including, but not limited to the results of the arbitration
proceedings, any future exploration programs to be conducted on the Pardo
Property or the results thereof, the impact of general economic conditions,
industry conditions, the availability of financing and exploration risk. Readers
are cautioned that the assumptions used in the preparation of such information,
although considered reasonable at the time of preparation, may prove to be
imprecise and, as such, undue reliance should not be placed on forward-looking
statements.


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

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