GEG

Ginguro Exploration Inc. (TSX VENTURE:GEG) ("Ginguro") and Endurance Gold
Corporation ("Endurance") jointly announced today that the Pardo Joint Venture
Management Committee has approved the 2014 exploration program for the Pardo
Joint Venture. 


Initial work will continue the program of prospecting, stripping and channel
sampling started last year, which led to the high grade gold discoveries of the
007 and Eastern Reef Zones. The new program also includes geophysical assessment
by ground penetrating radar of the sedimentary rocks associated with the gold
bearing layers and a radon gas survey that will be used to search for buried
high grade gold shoots similar to the 007 Zone. 


In addition, as part of the 2014 program, a study of the primary distribution of
gold on the Pardo JV claims will be undertaken. This study will be conducted
under the direction of Jim Tilsley, a recognized expert in determining best
sampling procedures in complex gold deposits. It is anticipated that the study,
which will include drilling of new boreholes as well as special large diameter
holes, will establish the technical framework for future drilling to assist in
defining any mineral resource.


While Ginguro and Endurance are currently in arbitration regarding the joint
venture ownership percentages and some matters related to JV operation, both
parties recognize the importance of continuing exploration of their exciting
project and not losing the upcoming field season. "I am very happy to be getting
back to the work that led to the discovery and initial sampling of the 007 and
Eastern Reef Zones last year," commented Richard Murphy, President and CEO of
Ginguro. "I believe the work we will be undertaking over the rest of the year
will add tremendous value to the Pardo Joint Venture and benefit both Ginguro
and Endurance shareholders."


Robert Boyd, President and CEO of Endurance, stated that, "Endurance is pleased
to see activities re-commence on the Pardo JV property and our company will be
working efficiently towards our participation decision. We also look forward to
both parties finalizing the arbitration action by late summer."


While the 2014 program and budget for $1.3MM has been approved by the Joint
Venture Management Committee, Endurance has until June 1, 2014 to decide whether
to participate financially or dilute. In the event that Endurance elects to
participate, the parties have agreed that Endurance will initially participate
at a "funding level" of 36.5% and Ginguro at 63.5%. Ownership percentages at the
time of the formation of the Joint Venture in 2012 were Ginguro 55% and
Endurance 45%. The "funding level" agreed by the parties in order to facilitate
the commencement of the 2014 program does not reflect the parties' actual joint
venture interests, which will be determined in the arbitration. Should Endurance
elect not to participate financially, Ginguro is prepared to fund 100% of the
$1.3MM program and thereby increase its overall joint venture interest.


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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