Gunpoint Exploration Ltd. Announces Extension of Convertible Debenture Term

Gunpoint Exploration Ltd. ("Gunpoint" or the "Company") (TSX VENTURE:GUN)
announces that is has extended the term of its currently outstanding convertible
debentures by 12 months to March 16, 2015. The convertible debentures are in the
total principal amount of $750,000 and were issued pursuant to a non- brokered
private placement as described in the Company's news release dated February 8,
2012. Directors and officers of the Company hold convertible debentures of a
total principal amount of $725,000.


About Gunpoint Exploration Ltd.

Gunpoint is a publicly traded mineral exploration company. For a more complete
business and financial profile of the Company, interested parties are encouraged
to visit the Gunpoint's website, www.gunpointexploration.com.


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: 
Dr. E. Max Baker
President
Ph. 604-408-8829


P. Randy Reifel
Chairman
Ph. 604-731-1094