SUDBURY (Commodity Online): Ginguro Exploration Inc. (TSX VENTURE:GEG) is having a boom time as its 100% earn-in on the mining concessions portion of its El Alto Iron Oxide Copper-Gold Property located north-west of Santiago, Chile.

The El Alto property is now comprised of 3,000 hectares of 100% owned exploration concessions and an additional 800 hectares of fully vested mining concessions that, with the completion of the earn-in, are now also 100% owned.

As previously announced the Company recently agreed with the underlying optionors to amend the original option agreement, to accelerate Ginguro's earn-in of the optioned mining concessions.

The company is now fulfilled all remaining obligations of the original option agreement, as amended, and has effected the transfer of ownership from the Optionors to the Company's Chilean subsidiary.

Ginguro has now in a position to execute and close on its previously announced agreement with privately-held Canadian Continental Exploration Corp. to enter into a definitive option agreement pursuant to which Canadian Continental can an earn an 70% interest in the El Alto Property.

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