Guerrero Issue Further Shares in Respect to the Chapalota Gold Property

Guerrero Exploration Inc. ("Guerrero" or the "Corporation") (TSX VENTURE:GEX)
announces that further to the Corporations press release of July 24, 2012, it
has received regulatory approval to issue a total of 150,000 common shares at a
deemed issue price of $0.06 per share in respect to its previously described
Letter Agreement with Riverside Resources Inc. dated March 3, 2011, and outlined
in further detail in the press release dated March 7, 2011. The agreement with
Riverside Resources Inc. has terminated and these shares will be the final
issuance under that Agreement the shares will be subject to a 4 month hold
period. 


About Guerrero Exploration Inc. 

Guerrero Exploration Inc. is committed to a long term business strategy designed
to achieve optimal levels of profitability and shareholder value. Guerrero
Exploration Inc. is a Canadian based exploration mining company with a focus on
the high yielding Mexican copper, gold and silver mining area known as the
Guerrero Gold Belt. The Corporation's common shares trade on the TSX Venture
Exchange under the symbol "GEX".