Guerrero Issue Further Shares to Acquire Chapalota Gold Property in Sinaloa, Mexico

Guerrero Exploration Inc. ("Guerrero" or the "Corporation") (TSX VENTURE:GEX)
announces that it has applied for regulatory approval to issue a total of
300,000 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 provides for 150,000 shares to be issued 12 months and 18
months from the effective date. 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 and the Sierra Madre Occidental Belt. The Corporation's
common shares trade on the TSX Venture Exchange under the symbol "GEX".