GEG

Ginguro Exploration Inc. (TSX VENTURE:GEG) (the "Company") is providing an
update on the exploration activities currently being carried out by its
exploration investee company, Canadian Continental Exploration Corporation
("CCEC").


Ginguro is a major owner of CCEC, a privately held mineral exploration company
CCEC founded by Tom Obradovich, Patrick Anderson and Tim Warman, all former
Aurelian Resources Inc. executives who have had success in discovering mineral
deposits." Ginguro currently owns 3,750,000 common shares and 5 million warrants
of CCEC, representing approximately 25% of the CCEC on a partially diluted
basis.


Canadian Continental has recently started drilling the strongest magnetic part
of the Temagami Anomaly, which is considered one of the largest unexplained
magnetic anomalies in the world. Because of its position on a geological and
geophysical trend that includes the Sudbury Basin, the Temagami anomaly has been
the focus of numerous investigations in the past which have all ended without
explaining the anomaly. 


The portion of the Temagami Anomaly being tested by CCEC in Afton Township was
last drilled in 1948. That historic drilling penetrated to 1,300 feet
(approximately 400m) vertically before ending in sedimentary cover rocks,
leaving the cause of the anomaly unexplained. 


Recent geophysical work by CCEC has determined, to the company's satisfaction,
that the magnetic source is not more than 1,100 meters below surface and,
therefore, easily within the reach of the drill that has been recently mobilized
by CCEC. 


The Temagami Anomaly is considered by many geoscientists to have high potential
for mineral discoveries. The magnetic and gravimetric trends, which define the
anomaly, suggest an extensive suite of underlying ultramafic rocks, which could
have associated copper, nickel and PGE deposits similar to those of Sudbury or
the Copperfields deposit at Lake Temagami. Large iron formations in the area
have demonstrated potential for iron formation-hosted gold deposits, such as the
past producing Golden Rose deposit at nearby Emerald Lake. The large gold rich
paleo-placer discovered by Ginguro 12 kilometers south east of CCEC's drill site
may have been sourced from gold bearing rocks associated with the Temagami
Anomaly.


"This is a great opportunity for Ginguro," commented Richard Murphy, Ginguro
President and CEO, "we are exposed to one of the most exciting exploration
projects anywhere, through our ownership in Canadian Continental. CCEC has
identified a remarkable opportunity in one of the world's most important mining
regions." 


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.


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.


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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