Ginguro Signs Letter of Intent with Government of Latvia for Mineral Exploration in Latvia's Kurzeme Complex

Ginguro Exploration Inc. (TSX VENTURE:GEG) (the "Company") and the Government of
Latvia today announced that, effective April 25th, 2014, they have jointly
concluded a non-binding Letter of Intent ("LOI") in respect of potential mineral
exploration of the Kurzeme Complex in Latvia. The LOI is the first formal step
of cooperation taken by the parties.


Ginguro has been expressing interest in exploration of Latvian subterranean
depth since 2011. For two years, the Company has been collaborating with local
Latvian scientists and initial research results indicate both the potential and
need for further exploration.


As noted in the LOI, there has effectively been no mineral exploration of the
nature proposed by Ginguro conducted in Latvia to date. The participants of the
LOI are eager to seize the opportunity of cooperation for the potential of
mineral exploration and, if warranted, future development of prospective
mineralized lands within Latvia's borders. Latvia will gain from Ginguro's
practical international experience and will obtain substantial data in respect
of potential mineral resources in the Kurzeme complex to be explored for, in
collaboration with Ginguro.


Latvia is underlain by the Fennoscandian Shield, considered Europe's richest ore
reserve domain. This geological structure has seen an enormous increase in
mining activities in other jurisdictions during the last few years. Exploration
companies have invested record sums in the search for base metals and precious
metals.


It is not widely known, however, that the Kurzeme Complex is the largest layered
mafic intrusion of the Fennoscandian shield. It has the geology that is required
for hosting deposits of Copper, Nickel and Platinum Group metals. This territory
covers 9,300 sq. km. and is perhaps the largest unexplored layered mafic
intrusion in the world. Its location in Latvia, on one of Europe's most
important transportation corridors, makes it an ideal area for modern mineral
exploration and for sustainable zero footprint mining in Europe's future.


Metal ore and metal is currently not extracted in Latvia. However, as a result
of this initiative between Ginguro and Latvia, the opportunity to develop mining
as a new industry in Latvia is emerging, along with the opportunity to enhance
existing complimentary industries in Latvia, such as transportation,
construction and logistics.


It is the Latvian government's objective to ensure respect for economic
interests of Latvia and its peoples and to ensure the existence of environmental
protection regulations in the mining sector. For this purpose, a certain
regulatory framework is necessary. Latvian government has created a working
group and started extensive work on putting in place mining legislation and
defining Latvian interests.


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.


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
[phone]


Ginguro Exploration Inc.
Wayne Whymark
Chairman
[phone]
[e-mail]
www.ginguro.com