GEX

Guerrero Exploration Inc. ("Guerrero" or the "Corporation") (TSX
VENTURE:GEX)(FRANKFURT:2GU) announces that it has, subject to regulatory
approval, agreed to issue the following shares from treasury at a deemed issue
price of $0.15 per share:


The Corporation will issue 1,000,000 shares to Riverside Resources Inc., the
operator of the Corporation's Mexican properties, to settle debts of $150,000
arising from the just completed work program. 


The Corporation will issue 110,000 shares to Dunedin Inc., of New York, New
York, pursuant to a business development consulting agreement entered into on
October 7, 2011. Additional issuances of 200,000 shares will be issued on
February 28, 2012 and April 30, 2012 provided the consulting agreement has not
been terminated by either party prior to those dates.


Both issuances will be subject to 4 month trading restrictions from the date
they are issued. 


About Guerrero Exploration Inc.

Guerrero Exploration Inc. is a Canadian based exploration mining company with a
focus on Mexican gold, copper and silver mining areas known as the Guerrero Gold
Belt, Southern Mexican Gold Belt and the Sierra Madre Occidental Belt. The
Corporation's common shares trade on the TSX Venture Exchange under the symbol
(GEX) and the Frankfurt Stock Exchange under the symbol (2GU). For further
information please visit www.grxpl.com or contact investor relations.

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