GEX

Guerrero Exploration Inc. ("Guerrero" or the "Corporation") (TSX
VENTURE:GEX)(FRANKFURT:2GU) is pleased to announce that it has applied for the
86,205 Ha Olinala property in Guerrero state, Mexico, centered 100 km east of
the State capital, Chilpancingo de los Bravo, and 187 km SE of Mexico City. It
is located immediately south of Cerro Dolores, a polymetallic project owned by
Goldcorp that was optioned to Starcore International Mines in 2008 (Starcore
International Mines Ltd., MDA 31 January 2008). The Olinala application area
overlaps two volcanic belts that are considered prospective for volcanogenic
massive sulfide deposits.  


The Olinala Property also overlaps the eastern part of the Mixteca Terrane in
Guerrero State. This geological terrane hosts several recent gold and base metal
discoveries, including Morelos Sur (Cayden Resources Inc.), Morelos (Torex Gold
Resources Inc.) and the Los Filos/Bermejal open pit mine with 248.6 million
tonnes of 5.1 g/t gold and 40.97 g/t silver (Goldcorp). 


President and CEO, David Stadnyk, stated: "We are very pleased with the ongoing
extensive efforts of management in staking large surface exploration rights. The
Company is committed to finding a resource base through an aggressive
exploration drill program on the Cerro Azul property, and a regional first pass
sampling exploration work program on the company's Coatapec, Cibola and Olinala
properties in Guerrero state. With Guerrero having one of the largest land
ownerships in the state of Guerrero and having the smallest market cap amongst
the neighboring publically trading companies in the area, Guerrero has now set
the stage to aggressively explore the properties for potential new opportunities
of precious and base metal resources."


Qualified Person 

This press Release was reviewed by Michelle Robinson, M.A.Sc., P.Eng., a
Qualifed Person as defined by NI 43-101.


About Guerrero Exploration Inc. 

Guerrero Exploration Inc. is a Canadian based mineral exploration company with a
focus on Mexican Gold, Copper and Silver mining areas known as the Guerrero Gold
Belt, Southern Mexican Gold Belt and the Sierra Madre Occidental Belt. The
Corporation's common shares trade on the TSX Venture Exchange under the symbol
(GEX) and the Frankfurt Stock Exchange under the symbol (2GU). For further
information please visit www.grxpl.com or contact investor relations.


David Stadnyk, President and CEO 

Guerrero Exploration Inc.

Advisory 

Certain statements and information contained in this press release, including
but not limited to management's assessment of Guerrero's future plans and
operations, geological results and proposed exploration plans contain
forward-looking statements. In particular, this press release contains
statements concerning the anticipated receipt of government claims approval. All
statements other than statements of historical fact may be forward-looking
statements. These statements, by their nature, are subject to numerous risks and
uncertainties, some of which are beyond Guerrero's control including the effect
of general economic conditions, industry conditions, changes in regulatory and
taxation regimes, government approvals, volatility of commodity prices,
escalation of operating and capital costs, currency fluctuations, the
availability of services, imprecision of reserve estimates, geological,
technical, drilling and processing risks, environmental risks, weather, the lack
of availability of qualified personnel or management, stock market volatility,
the ability to access sufficient capital from internal and external sources and
competition from other industry participants for, among other things, capital,
services, acquisitions of reserves, undeveloped lands and skilled personnel that
may cause actual results or events to differ materially from those anticipated
in the forward-looking statements. Such forward-looking statements, although
considered reasonable by management at the time of preparation, may prove to be
incorrect and actual results may differ materially from those anticipated in the
statements made and should not unduly be relied on. These statements speak only
as of the date of this press release. Guerrero does not intend and does not
assume any obligation to update these forward-looking statements, whether as a
result of new information, future events or otherwise, except as required by
applicable law. Guerrero's business is subject to various risks that are
discussed in its filings on the System for Electronic Document Analysis and
Retrieval (SEDAR).

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