Guerrero Acquires the Cibola Property in the Guerrero Gold Belt

Guerrero Exploration Inc. ("Guerrero" or the "Company") (TSX
VENTURE:GEX)(PINKSHEETS:GUEEF)(FRANKFURT:2GU) is pleased to announce it has now
successfully staked an additional 42,682 hectares of highly prospective land
known as the Cibola property in the Guerrero Gold Belt.


Please see map at: www.grxpl.com

Held under Guerrero's 100% owned subsidiary, Minera GRXPL, S.A. DE C.V., the
Cibola property has three significant magnetic anomalies and four highly
anomolous gold in stream sediment samples in a geological setting similar to
Goldcorp's Los Filos gold mine, currently the largest gold mine in Mexico, which
produced over 335,000 oz in 2011 and currently contains over 5,470,000 proven
and probable ounces (www.goldcorp.com). Upon receiving final government permit
approval, Guerrero will be commencing a comprehensive exploration program on the
Cibola property. 


Guerrero's President and CEO, David Stadnyk stated: "We are excited to have
increased our land size in such a world-class mining district among some of the
largest gold discoveries in Mexico. Our Cibola, Coatepec, and Cerro Azul
properties are highly prospective and positioned for discovery. We are moving
aggressively towards becoming one of the leading land owners in the Guerrero
Gold Belt and the Guerrero state. With 28 million shares outstanding and a
market cap of $4 million, the stage has been set for Guerrero in 2012."


The Cibola property is one of the largest contiguous land packages in the highly
prospective Guerrero Gold Belt, in close proximity to producing gold mines and
significant gold discoveries including Newstrike Capital's Ana Paula project,
Cayden Resources Inc.'s Morelos Sur gold project, Industrias Penoles S.A.B. de
C.V.'s Rey de Plata sulphide deposit, and Torrex Gold's Morelos Project,
containing over 3 million oz measured and indicated. The acquisition of the
Cibola property will bring the Company's total land position in the state of
Guerrero to over 81,000 hectares of highly prospective properties. The area
remains underexplored and is becoming one of the most prolific gold producing
regions in the world, continually unveiling new discoveries.


Assaying and Qualified Person:

The scientific and technical data contained in this press release was prepared
under the supervision of Troy Gill, BSc (Geol.)., the Company's VP Exploration
and 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 the Guerrero Gold Belt

The Guerrero Gold Belt is located in the State of Guerrero, Mexico, north of
Acapulco City, and is one of Mexico's largest and most prolific gold producing
regions, having produced over 15 million ounces of gold to date. It extends for
at least 55 km from the southeast to the northwest and remains open to
exploration in all directions. Mineralization in the Guerrero Gold Belt was
originally discovered in 1924 and has continued to grow since. The Guerrero Gold
Belt now has an inventory of over 15 million ounces of gold, which continues to
increase with ongoing exploration and/or mine development in the area and
provides an excellent platform for exploration and development. The area is host
to many major producing mines and very prospective exploration properties.


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.


David Stadny, President and CEO 

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 receipt of government claims approval. 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, government approvals, 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).
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