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Guerrero Exploration Inc.

V.GEX: TSX-V

CHAPALOTA FIRST PASS DRILL PROGRAM SAMPLE RESULTS INCLUDES THREE METRES OF 11.6 G/T GOLD

Guerrero Exploration Inc. ("Guerrero" or the "Corporation") (TSX-V: "GEX") is pleased to announce the drill results received from the 2011 drill program at Chapalota, Sinaloa, Mexico.

Significant gold and silver mineralization was intersected in five out of the nine drillholes of the program. Gold was intersected in the subsurface beneath and along strike of both the Leonas and Habas zones targeted by the drill program.  The nature of the gold and silver mineralization as observed from geological logging of the drillcore and from associated trace element alteration geochemistry is consistent with that of an orogenic gold mineralized system.

At the Leonas target, gold was intersected in quartz veining and fault breccia at depth below and along strike 125 m to the south of the outcrop previously reported as returning rock chip assays up to 32.1 g/t Au.  A further 900 m to the southeast along the structural corridor drillhole CH-11-07 returned a 30 cm interval @ 101.5 g/t Au from 165.5 m downhole.

At Habas zone an interval of deeply weathered, silicified brecciated intrusive returned 70.2 m @ 11.0 g/t Ag with low level Au associated with it.

Highlights from this series include:

Drillhole CH-11-02:  1.6 m @ 4.02 g/t Au, 1.5 g/t Ag from 20.3 m, incl. 0.4 m @ 11.4 g/t Au.

Drillhole CH-11-07:  3.0 m @ 11.6 g/t Au, 3.3 g/t Ag from 164.8 m, incl. 0.3 m @ 101.5 g/t Au.

Drillhole CH-11-08:  70.2 m @ 0.05 g/t Au, 11.0 g/t Ag from 0.0 m, incl. 2.6 m @ 52.0 g/t Ag.

David Stadnyk, President & CEO of Guerrero Exploration Inc., stated: "We are very excited about the drill results from the Chapalota property.  The drill program achieved exactly what we set out to do and that was to prove that gold mineralization persists at depth along structures mapped by the soil geochemistry at surface.  A result of 101.5 g/t certainly merits following up and the focus of our exploration team will be to expand on these results with further drill testing to define the continuity of the mineralization”.

All significantly Au and Ag mineralized intervals from this series of drill results are presented in the following table.

Chapalota Drill Core Pictures: http://www.grxpl.com/projects/chapalota/photo-gallery/chapalota/chapalota-core-pictures.html

Chapalota Gold Project:

Guerrero Exploration Inc. is earning a 70% interest in the Chapalota Gold Project through a Joint Venture Agreement with Riverside Resources Inc. The project is located in the highly productive Western Gold Belt on the western side of the Sierra Madre Occidental Region of Mexico and offers the opportunity for Orogenic Gold mineralization.

Assaying and Qualified Person:

Samples were taken to Hermosillo, Mexico where ALS Laboratory Group’s mineral division ALS Chemex crushed and pulverized each sample. The rejects remained with ALS Chemex while the pulps were transported to ALS Chemex’s ISO 9001-2008 certified laboratory in NorthVancouver, BC, Canada for analysis. A QA/QC program was implemented as part of the sampling procedures for the exploration program. Duplicate, standard and blank samples were randomly inserted into the sample stream prior to being sent to the laboratory.

The scientific and technical data contained in this press release was prepared under the supervision of Troy Gill, BSc (Geol.)., 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 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 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”.

For further information please contact:

Guerrero Exploration Inc.

David Stadnyk

President and Chief Executive Officer

(604) 685-0088 Ext. 229

Investor Relations

(604) 685-0088 Ext. 226

info@grxpl.com

Website

www.grxpl.com

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 completion and review of exploration programs and assays.   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, 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).

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.