Guerrero Announces Acquisition of Pinette Copper Corp.

Guerrero Exploration Inc. ("Guerrero" or the "Corporation") (TSX
VENTURE:GEX)(FRANKFURT:2GU) announces that it has completed the previously
announced acquisition of all of the issued and outstanding shares of Pinette
Copper Corp ("Pinette"), a private Vancouver-based mineral exploration company
with 2 exploration properties located in Botswana. Guerrero will issue
approximately 33,809,885 to the shareholders of Pinette.


The Corporation also issued 4,080,000 common shares at a deemed price of $0.05
per share to insiders to settle any obligations it may have under two existing
consulting agreements. The Corporation will also pay a finder's fee of 1,250,000
shares to a third party. These 5,330,000 common shares will be subject to
trading restrictions until May 2, 2013.


David Stadnyk, President and CEO of Guerrero stated, " Guerrero has been
consistent in identifying a high quality property portfolio by partnering,
staking and now through acquisition. The company looks forward to unlocking
further value at this district scale land package of promising precious metal
targets. In addition, the Company is exited with its potential work program and
exploration plans for Mexico".


About Guerrero Exploration Inc. 

Guerrero is committed to a long term business strategy designed to achieve
optimal levels of profitability and shareholder value. Guerrero is a Canadian
based exploration mining company with a focus on the high yielding Mexican
copper, gold and silver mining area known as the Southern Mexican Gold Belt and
now has a second area of focus in Botswana. 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 more information, please visit
www.grxpl.com or contact investor relations.

For further information please contact;

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). 


FOR FURTHER INFORMATION PLEASE CONTACT: 
Guerrero Exploration Inc.
David Stadnyk
President and CEO
(604) 685-0088
info@grxpl.com
www.grxpl.com
(TSXV:GEX)
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