Guerrero Exploration Updates Status of Drill Permit Application at Cerro Azul Property in Guerrero, Mexico

Guerrero Exploration Inc. ("Guerrero" or the "Company") (TSX
VENTURE:GEX)(FRANKFURT:2GU) announces that the complete drill permit
application, including the long form of the environmental report (Manifiesto de
Impacto Ambiental), was submitted to the Ministry of the Environment (SEMARNAT)
for its Cerro Azul Property in Guerrero, Mexico. The governmental authority
confirmed receipt of the application and has indicated that all documents are in
order and have initially been accepted, including the required newspaper
publications of the Company's and its JV Partner's intentions to drill in the
project area.


Guerrero's environmental consultant on site has also indicated that a previously
scheduled visit to the project area will no longer be required.


Based on the response from the Mexican Ministry officials, Guerrero Exploration
expects the finalized permit will be granted on or about June 30, 2013.


The issuance of the drilling permit and environmental clearances will give
Guerrero Exploration and its JV Partner the ability to immediately begin a
planned exploration drilling program on the Cerro Azul Property without any
further jurisdictional requirements or permits.


Located 30 kilometers west of Farallon Resources' Campo Morado property and
approximately 88 kilometers west of Goldcorp's Los Filos Mine, Guerrero's Cerro
Azul property is located in a volcano sedimentary Cretaceus sequence of Guerrero
Terrane complex. The Company is exploring the large concession and has defined
more than seven target areas which include several epithermal gold targets and
at least two porphyry copper-type hydrothermal systems.


About Guerrero Exploration Inc.

Guerrero is a Canadian based junior exploration company with a focus on the
Southern Mexican Gold Belt. The Company'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.


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 approval regarding
mineral concession transactions. 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).


Neither the 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: 
Guerrero Exploration Inc.
Investor Relations
1-877-685-0088
[e-mail]
www.grxpl.com