GEG

Ginguro Exploration Inc. (TSX VENTURE:GEG) (the "Company" or "GEG") is pleased
to provide an update on exploration activities underway at the Company's Pardo
JV property, located approximately 65 km northeast of Sudbury, Ontario.


Exploration on the Pardo JV is advancing very well. The program of prospecting,
stripping, washing and channel sampling new areas has advanced beyond
expectations, with promising new areas being uncovered weekly. Diamond drilling
in support of the gold study is near completion. The large diameter hammer drill
hole component of the gold study will start within days, and the radon gas
survey, which was designed to identify buried gold mineralization and is
discussed further below, is also near completion. 


Sampling Progress and New Results

Assays have been returned from six separate channels cut across the stripped
outcrop in the middle block of the Eastern Reef. A summary of length-weighted
averages is as follows:




Table 1: Eastern Reef Middle Block                                          
Length-weighted average sample assays                                       
                                                     Au                     
Channel #                 Length (m)               (g/t)       Total samples
CH-14-04                          18                 1.1                  36
CH-14-05                         6.5                 1.2                  13
CH-14-06                         2.5                 0.4                   5
CH-14-07                           7                 0.6                  14
CH-14-08                         7.5                 4.6                  15
CH-13-117                         16                 0.2                  32



A new area of surface mineralization named the 1214/Trench 2 Connection area has
been uncovered between the Eastern Reef and the previously uncovered Trench 2
area. Assays for five channels cut across the 1214/Trench 2 Connection area have
been received. Six additional channels remain with assays pending. A summary of
length weighted averages for the first 5 channels is as follows:




Table 2: 1214/Trench2 Connection Area                                       
Length-weighted average sample assays                                       
                                                     Au                     
Channel #                 Length (m)               (g/t)       Total samples
CH-14-01                        28.5                 0.3                  57
CH-14-02                        28.5                 0.7                  57
CH-14-03                        14.5                 0.4                  29
CH-14-09                          15                 0.1                  30
CH-14-010                         20                 2.2                  40



Due to the near flat lying nature of the sedimentary strata, it is not always
possible to cut samples across the gold-bearing strata. Samples are usually
collected either parallel or perpendicular to the interpreted paleochannel
direction. Therefore, the channel lengths reported in this release represent the
gold distribution over the surface area sampled and do not represent true
thicknesses of the mineralized unit. The gold-bearing conglomerate on the
Eastern Reef has a true thickness of approximately 6 metres. The gold bearing
conglomerate at the 1214/Trench 2 area is estimated to be 3 to 5 metres thick.


In addition to these areas, channel samples have been taken at the 007 South
Extension and the Western Reef Extension. At the 007 South Extension, three
short channels totaling 6.5 meters in length have been cut and assays are
pending. This new area was initially tested with nine grab samples that retuned
gold grades ranging from trace to 117 g/t and averaging 18.0 g/t.


At the Western Reef Extension located 2 km southwest of the Eastern Reef, 11
channels totaling 119 metres have been cut. All assays for these samples are
pending. Initial grab samples from this new area yielded up to 3.9 g/t gold (see
Company's press release dated June 23, 2014).


A map showing the location of the gold zones and sample locations is posted on
the company's web site at www.ginguro.com.


Prospecting with the intention of locating new areas of surface gold
mineralization is ongoing. Once an area is identified, it is opened up for
thorough channel sampling. The Company will provide updates on this work as the
results are returned over the coming weeks and months.


Drilling

To date, 17 short diamond drill holes have been completed. Of these holes, 11
have been logged and 250 samples taken for assay. All of these assays are
pending. The remaining 6 holes will be sampled in the coming days. Further
diamond drilling in support of the ongoing gold study will be completed in the
coming days.


The hammer drilling component of the gold study is presently starting. This
drilling involves using a percussion rig to drill larger diameter holes and will
take place mainly on the 007 Zone and the Eastern Reef. The gold study is being
conducted under the direction of Mr. Jim Tilsley, a recognized expert in
determining best sampling protocols for gold resource estimation. The results of
this work will provide important parameters for planning future resource
drilling.


Radon Gas Survey

A radon gas survey designed to identify areas of buried heavy mineral
concentrates that include both gold and minor uranium minerals is near
completion, final results will follow shortly thereafter. Preliminary results
are encouraging, and show not only correlation with known gold zones but also
new areas of anomalous radon gas concentration. These anomalies will be
prioritized in due course for follow up as part of the current program.


Commenting on the ongoing work at the Pardo JV, President and CEO Richard Murphy
stated, "The results to date represent important incremental expansions on the
gold zones outlined previously. Pardo keeps getting bigger, better and more
exciting. The guys in the field have the opportunity to make a major discovery
every day they are there."


Ginguro currently holds a 64.5% ownership interest in the Pardo JV. Endurance
Gold Corporation owns a 35.5% interest in the JV. Both Ginguro and Endurance are
funding the current 2014 program on a pro rata basis. As such, it is anticipated
that Ginguro's ownership percentage will remain unchanged following the end of
the current program.


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.


The grab 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 channel samples were
assayed using a modified pulp metallic assay procedure. The entire sample was
crushed and pulverized to 85% passing 100 mesh. The +100 mesh material was
fluxed and assayed in its entirety, while two 50 g aliquots of the -100 mesh
undersize pulp were cut out and fire assayed. Results were reported as a
weighted average of gold in the three fractions. 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
info@ginguro.com
www.ginguro.com

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