GEG

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE U.S.

Ginguro Exploration Inc. (TSX VENTURE:GEG) ("Ginguro") announces that it has
made an application to the TSX Venture Exchange (the "TSXV") to extend the term
of certain of its existing share purchase warrants. 


An aggregate of (i) 2,625,000 share purchase warrants ("FT Unit Warrants")
comprising, in part, flow through units of Ginguro; and (ii) 2,000,000 share
purchase warrants ("Unit Warrants") comprising, in part, hard dollar units of
Ginguro, were originally issued on December 21, 2012. Each FT Unit Warrant is
exercisable at $0.15 until December 21, 2014, and each Unit Warrant is
exercisable at $0.15 until December 21, 2014 subject to acceleration in the
event that the closing price of the common shares of Ginguro exceeds $0.30 for
20 trading days (the "Acceleration Provisions"). Ginguro has made application to
extend the term of the FT Unit Warrants to December 21, 2015, and to extend the
term of the Unit Warrants to December 21, 2015 subject to the Acceleration
Provisions. The exercise price for the warrants will remain the same.


The warrant amendments have been approved by the board of directors of Ginguro.
The warrant amendments remain subject to TSXV approval. 


The Company also announces that it has granted a total of 250,000 options to
purchase shares of the Company, at a price of $0.15 per share for a period of 3
years, to an officer and a consultant of the Company.


About Ginguro

Ginguro Exploration Inc. is a mineral exploration company focused on the
advancement of its paleo-placer gold property, located in Pardo Township, 65 km
northeast of Sudbury, 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 impact of general economic
conditions, industry conditions, dependence upon regulatory approvals, 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

(TSXV:GEG)
Historical Stock Chart
From May 2024 to Jun 2024

(TSXV:GEG)
Historical Stock Chart
From Jun 2023 to Jun 2024