SUDBURY, ONTARIO--(Marketwired - Oct 28, 2014) - Ginguro Exploration Inc. (TSX VENTURE:GEG) ("Ginguro" or the "Company") today announced a new exploration drilling program on Ginguro's 100% owned Pardo property to test a recently recognized second gold paleo-placer. Ginguro's 100% owned Pardo property and the adjacent Pardo Joint Venture ("Pardo JV") property are located approximately 65 km north-east of Sudbury, Ontario.

100% Ginguro Property

Following completion of the Pardo JV property fieldwork, Ginguro plans to commence a drill program to deepen existing holes located south of Line 34 on Ginguro's 100% owned Pardo property. These holes were initially drilled in 2011 and were stopped after penetrating only the Mississaugi formation and did not drill through the Matinenda formation. Therefore, the Matinenda remains untested in what has become a high priority area for Ginguro. "The recent recognition of the western Matinenda paleo-placer is a game changer at Pardo," said President Richard Murphy, "it appears that the majority of this newly recognized Matinenda paleo-placer will lie within Ginguro's 100% property to the south of the Pardo JV."

Ginguro is the operator of the Pardo JV and holds a 64.5% ownership interest and Endurance Gold Corporation ("Endurance") owns a 35.5% ownership interest. Both Ginguro and Endurance are funding the 2014 Pardo JV program on a pro rata basis, based on ownership. As a result, it is anticipated that Ginguro's ownership interest in the Pardo JV will be unchanged at the completion of the current program. Ginguro's 100% claims are unencumbered in any way.

About Ginguro

Ginguro Exploration Inc. is a mineral exploration company focused on the advancement of its Pardo paleo-placer gold property, located in Pardo Township in northern Ontario. To learn more about Ginguro Exploration Inc., please visit: www.ginguro.com.

The Qualified Person responsible for the geological technical content of this news release is Richard Murphy, P.Geo, President and CEO of Ginguro Exploration Inc. There has been insufficient exploration to define a mineral resource on the Pardo property to date, and it is uncertain if further exploration will result in the target being delineated as a mineral resource.

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 Corporation'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 Corporation 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.