Guinness Exploration Completes First Nantawa Project Payment Ahead of Schedule

WELLINGTON, New Zealand, March 3 /PRNewswire-FirstCall/ -- Guinness Exploration Inc. ('Guinness') (OTC Bulletin Board: GNXP) announced today it has completed the first of two US$471,934 (Cdn$500,000) payments required to acquire its initial 65% interest in the Mount Nansen and Tawa gold and silver exploration properties located in the Tintina Gold Belt in Yukon, Canada.

"The first payment under the Nantawa Agreement was scheduled for May 30, 2010 and we're pleased to have completed this over two months prior to the deadline," commented President and CEO Alastair Brown. "We've now fulfilled half of the scheduled payments for our initial 65% interest in the Nantawa Properties and this follows our successful unit offering last month which raised US$1.5 million. We're now refining the specifics of our planned summer drilling program and expect to report further details in the near future," said Brown.

About Guinness Exploration

Guinness Exploration Inc. trades on the OTC-BB under the symbol GNXP. The Company was incorporated in Nevada in 2006 and incorporated its subsidiary Nantawa Resources Inc. in Yukon, Canada in 2009. In November, 2009 Guinness entered an agreement to acquire mineral claims for the Mount Nansen and the Tawa gold and silver exploration properties (collectively the 'Nantawa Project') in the Yukon and is now developing an exploration program. The Nantawa Project is situated in the prolific Tintina Gold Belt, a 1,200 km long area extending from northern British Columbia, through the Yukon Territory and into southwest Alaska. The Tintina Gold Belt includes such world-class, multi-million ounce gold deposits as Pogo, Fort Knox, True North, and Donlin Creek. The Nantawa Project claims consist of 203 full or fractional claims with a total area of 3,136.43 square hectares located in the South Central part of the Yukon, 180 km Northwest of Whitehorse and 60 km west of the Village of Carmacks. A complete independent geological report received by Guinness, dated November 27, 2009, can be viewed on Guinness' website: www.guinnessexploration.com.

For more information please contact Investor Relations at phone: 1-800-841-2788

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Certain information contained in this press release, including any information as to our strategy, plans or future financial or operating performance and other statements that express management's expectations or estimates of future performance, constitute "forward-looking statements." All statements, other than statements of historical fact, are forward-looking statements. The words "believe," "expect," "will," "anticipate," "contemplate," "target," "plan," "continue," "budget," "may," "intend," "estimate," "project" and similar expressions identify forward-looking statements. In this press release, the expression: " … We're now refining the specifics of our planned summer drilling program and expect to report further details  in the near future," is a forward-looking statement. Forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements, including, but not limited to, certain delays beyond the company's control with respect to mining operations, changes in the worldwide price of gold, silver, or certain other commodities; legislative, political or economic developments in the jurisdictions in which the Company carries on business; operating or technical difficulties in connection with mining or development activities; employee relations; contests over title to properties; and the risks involved in the exploration, development and mining business. The Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by applicable law.

SOURCE Guinness Exploration Inc.