VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 08/22/12 -- Guerrero Exploration Inc. ("Guerrero" or the "Corporation") (TSX VENTURE: GEX) announces that further to the Corporations press release of July 24, 2012, it has received regulatory approval to issue a total of 150,000 common shares at a deemed issue price of $0.06 per share in respect to its previously described Letter Agreement with Riverside Resources Inc. dated March 3, 2011, and outlined in further detail in the press release dated March 7, 2011. The agreement with Riverside Resources Inc. has terminated and these shares will be the final issuance under that Agreement the shares will be subject to a 4 month hold period.
About Guerrero Exploration Inc.
Guerrero Exploration Inc. is committed to a long term business strategy designed to achieve optimal levels of profitability and shareholder value. Guerrero Exploration Inc. is a Canadian based exploration mining company with a focus on the high yielding Mexican copper, gold and silver mining area known as the Guerrero Gold Belt. The Corporation's common shares trade on the TSX Venture Exchange under the symbol "GEX".
Neither the 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.
Contacts:
Guerrero Exploration Inc.
David Stadnyk
President and Chief Executive Officer
604.685.0088 Ext. 229
Guerrero Exploration Inc.
Investor Relations
604.685.0088 Ext. 228
info@grxpl.com
