Ginguro Exploration Inc. provided an update on recent corporate and Pardo project activities. Over the course of the past winter, the Company has undertaken a comprehensive geotechnical program of drill core review, drawing from its extensive archive of drill core from the Pardo Project of more than 340 individual drill holes. Under the supervision of Dr. Lawrence Minter, the preeminent authority on paleo-placer gold deposits, a very systematic re-logging of selected Pardo intersections has been ongoing. As part of this process, the ancient surfaces upon which gold was deposited are being correlated to each other. This is being done in order to define key sedimentological relationships that identify prospective areas and trends where higher grade gold can be expected. The Company has also identified numerous areas where gold mineralization occurs at surface under shallow overburden.

The company announced the appointment of Alan King to its Advisory Board. Mr. King is a geophysicist who most recently served as the Chief Geophysicist for Vale's global exploration operations. Mr. King currently acts as a geophysical consultant through Geoscience North.