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GEX

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Share Name Share Symbol Market Type
TSXV:GEX TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0 -

Guerrero to Drill Copper Targets at the Cerro Azul Project in Guerrero, Mexico

21/11/2012 8:00am

Marketwired Canada


Guerrero Exploration Inc. ("Guerrero" or the "Corporation") (TSX VENTURE:GEX) is
pleased to announce that the permitting application is underway with drilling
scheduled to commence in early 2013 at its high-grade copper project at Cerro
Azul in Guerrero State, Mexico, subject to permit approval and rig availability.



The 260 km2 copper-gold Cerro Azul Project is located in the Guerrero state in
the highly productive Southern Mexican Gold Belt.


As described in the Press Release dated May 26, 2011, a 5.3 km by 0.8 km zone of
rock chip and soil copper anomalism was delineated and priority drill target
areas have since been confirmed by an Induced Polarization (IP) geophysical
survey. Copper values as high as 10% Cu from rock chips and 1.8% Cu in soil
samples are present.


The high-grade copper results have been found primarily within the southern
portion of the Cerro Azul Project, include the Loma Coyote, La Minillas and Las
Trojas target areas. A peripheral and parallel trending coincident lead - zinc
anomalous zone was observed in the Las Trojas - La Minillas area. 


Geological mapping of the southern portion of Cerro Azul has confirmed the
presence of extensive argillic alteration of andesitic tuffs and subvolcanic
intrusive and into sedimentary country rocks along epithermal vein and breccias
networks following local faults. Rock units previously interpreted as
granodiorite intrusive have been identified as areas of argillic alteration and
silicification. The extent of the alteration and coincidence of geochemical
anomalism observed in the soil sampling supports the concept of Cerro Azul
property representing a large zonated volcanic epithermal system.


David Stadnyk, President & CEO of Guerrero Exploration Inc., stated, "We are
excited that we are near commencement of the drill program of our flagship
property. With all the preliminary work completed, we look forward to exploring
the possible porphyry system which is exciting and encouraging for Guerrero." 


Assaying and Qualified Person: 

Samples were taken to Hermosillo, Mexico where ALS Laboratory Group's mineral
division ALS Chemex crushed and pulverized each sample. The rejects remained
with ALS Chemex while the pulps were transported to ALS Chemex's ISO 9001-2008
certified laboratory in North Vancouver, BC, Canada for analysis. A QA/QC
program was implemented as part of the sampling procedures for the exploration
program. Duplicate, standard and blank samples were randomly inserted into the
sample stream prior to being sent to the laboratory. 


The scientific and technical data contained in this press release was prepared
under the supervision of Troy Gill, BSc (Geol.)., a member of the Australian
Institute of Geoscientists, who acts as a "qualified person" under National
Instrument 43-101 Standards of Disclosure for Mineral Projects.


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
Southern Mexico Gold Belt. The Corporation's common shares trade on the TSX
Venture Exchange under the symbol "GEX".


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 completion and review of exploration
programs and assays. 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, 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 Chief Executive Officer
(604) 685-0088


Guerrero Exploration Inc.
Investor Relations
(604) 685-0088
info@grxpl.com
www.grxpl.com

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