Acero-Martin Announces Amendment to Non-Brokered Private Placement

Acero-Martin Exploration Inc. (TSX VENTURE:ASD)(FRANKFURT:AMX) ("Acero-Martin"
or the "Company") reports that the previously announced non-brokered private
placement (August 29th, 2008) has been re-priced to 6 cents per unit.


The Company intends to raise up to two million dollars by the issuance of up to
33,333,333 units. Each unit will consist of one common share and one-half of a
common share purchase warrant. Each full warrant will entitle the holder to
purchase one common share of the Company at an exercise price of 9 cents per
common share for a period of twelve months from closing.


The placement is subject to the approval of the TSX Venture Exchange and
finder's fees may be paid in accordance with regulatory policy.


Proceeds from the private placement will be used to fund the continued
exploration and development of the Pinaya gold-copper project in southern Peru,
and for general working capital purposes.


About Acero-Martin Exploration Inc.

Acero-Martin Exploration Inc. is a resource company focused on creating
shareholder value by exploring for precious and base metals, with the immediate
goal of defining a major deposit at its 100 percent owned Pinaya Project located
in Peru. The Pinaya Project has an initial NI 43-101 compliant indicated
resource of 29.13 million tonnes grading 0.53 g/t Au and 0.42% Cu (498,000 oz Au
and 269 million lbs Cu) and an inferred resource of 12.72 million tonnes grading
0.41 g/t Au and 0.41% Cu (168,000 oz Au and 115 million lbs Cu). Subsequent to
this estimate, Acero-Martin has continued to define the deposit by drilling an
additional 90 holes bringing the project totals to more than 45,000 meters and
160 holes.


ON BEHALF OF THE BOARD OF DIRECTORS

Stewart Jackson, PhD, P.Geol., President and CEO

The technical information in this news release has been prepared in accordance
with the Canadian regulatory requirements set out in National Instrument 43-101
and reviewed on behalf of the Company by Dr. Stewart Jackson, P.Geol., President
and CEO of Acero-Martin, and a qualified person.


This news release has been prepared by management. This document contains
certain forward looking statements which involve known and unknown risks,
delays, and uncertainties not under the Company's control which may cause actual
results, performance or achievements of the Company to be materially different
from the results, performance or achievements implied by these forward looking
statements. We seek safe harbor.