Ginguro Exploration Inc.

Ginguro Exploration Inc.

April 28, 2011 15:20 ET

Ginguro Completes Winter Drilling at Four Corners and Grigg/Stobie

SUDBURY, ONTARIO--(Marketwire - April 28, 2011) - Ginguro Exploration Inc. (TSX VENTURE:GEG) announced today that it has completed its winter drill program on the Grigg/Stobie and Four Corners properties. All assays pertaining to this program have been received.

The strategraphic sequence observed in a portion of the Four Corners drilling does suggest the existence of a paleo-placer channel. However, assays from both Four Corners and Grigg/Stobie indicate only moderately anomalous gold content. The drill cores will be reviewed by the Company's South African technical group in the coming weeks.

Drilling has now moved to the 100% owned portion of the Company's Pardo property, where extensive geological work and drilling in 2010 have demonstrated geologic processes at work that are similar to those that created the world's largest gold deposits in the Witwatersrand basin of South Africa. Several widely spaced step out holes located more than 4 kilometers down the paleo-channel axis are planned, to help in identifying the delta area of the paleo-placer.

Drilling at Pardo in 2010 identified a gold-bearing channelized conglomerate reef that is approximately 400 metres wide by 3,600 metres long. The reef remains open along the channel extension.

The Company expects to be in a position to provide an update on the progress at its El Alto IOCG property in the near future.

About Ginguro

Ginguro Exploration Inc. is a mineral exploration company focused on the advancement of its paleo-placer gold property, located in Pardo Township in northern Ontario and of its El Alto IOCG property located north-west of Santiago, Chile.

The Qualified Person responsible for the geological technical content of this news release is Eric Yang, P.Geo., Geologist of Ginguro Exploration Inc. The Company has implemented a quality control program to ensure best practice in sampling and analysis. Samples are cut in half, with one-half is submitted for assay and the remaining sample retained for reference. Assayed samples are transported in security sealed bags for preparation at ALS Chemex Prep Lab located in Sudbury, Ontario. Prepped samples are shipped for analysis to ALS Chemex Assay Laboratory in Vancouver, B.C. ALS Chemex is an ISO 9001-2000 and ISO 17025 registered laboratory. Samples are analyzed by industry standard 50 gram fire assay fusion with atomic absorption spectroscopy (AAS) finish, and a gravimetric finish on samples exceeding 10 g/t gold. The Company inserts a certified reference standard, analytical blank, and field duplicate sample in every batch of 20 samples. Validation parameters are established in the database to ensure quality control.

Statements in this release that are forward-looking statements are subject to various risks and uncertainties concerning the specific factors disclosed under the heading "Risk Factors" in the Company's filings with Canadian securities regulators. Such information contained herein represents management's best judgment as of the date hereof based on information currently available. The Company does not assume any obligation to update any forward-looking statements, save and except as may be required by applicable securities laws.

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.

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