VANCOUVER, BRITISH COLUMBIA–(Marketwire – Nov. 23, 2012) – Guerrero Exploration Inc. (TSX VENTURE:GEX)(FRANKFURT:2GU) (“Guerrero” or the “Company”) is pleased to announce that Ms. Michelle Robinson has joined the Board of Directors and has accepted the position of VP Exploration. Ms. Robinson is currently the President of the subsidiary Corporation, Minera GRXPL S.A. de C.V.

Ms. Robinson is a Geological Engineer, University of British Columbia (B.A.Sc. 1992, M.A.Sc. 1994) and has 21 years of exploration experience in Canada and Latin America. Prior to moving to Mexico, Ms. Robinson authored technical papers on volcanogenic massive sulfide deposits and was the recipient of several awards in the mining industry.

Ms. Robinson currently serves as a Director of Zinco Mining Corporation, and has authored NI43-101 technical reports for several clients in the mining industry, including Marlin Gold Mining Ltd. (formerly Oro Mining Ltd.), August Metal Corp. and Everton Resources. Ms. Robinson is currently the President of Minera Camargo S.A. de C.V. and Minera Croesus S.A. de C.V., both operating mining and exploration companies in Mexico.

David Stadnyk, President and CEO of Guerrero, said, “We are very pleased to welcome Ms. Robinson to the Board of Directors and the new role of VP Exploration. Ms. Robinson has extensive experience in Mexico and will take an active role as the Company is forging ahead with its aggressive work program and exploration plans for the coming year.”

The Company also announces the recent resignation of Troy Gill as VP Exploration and wishes to thank him for his exceptional service during his tenure with the Company. Mr. Gill has left the Company to pursue other projects at this time, though his services will be retained on a consulting basis in the short term throughout the handover period.

About Guerrero Exploration Inc.

Guerrero Exploration Inc. is a Canadian based mineral exploration company with a focus on Mexican Gold, Copper and Silver mining areas known as the Guerrero Gold Belt, Southern Mexican Gold 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.

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).