Mr. Richard Murphy reports

GINGURO GRANTS INCENTIVE STOCK OPTIONS

Ginguro Exploration Inc., pursuant to the company's stock option plan, a total of 2.1 million incentive stock options have been granted to directors, officers and consultants of the company. The options are exercisable at a price of 20 cents per share for a period of three years.

These options have been granted as effective reissuances of previously issued options having expiry dates in July or August of 2014. The majority of these expiring options have been recently exercised, adding to the company's treasury.

We seek Safe Harbor.