Acero-Martin Announces Non-Brokered Private Placement

VANCOUVER, BRITISH COLUMBIA (TSX VENTURE: ASD)(FRANKFURT: AMX) announces that it intends to complete a non-brokered private placement to raise up to $1.5 million dollars by the issuance of up to 6,000,000 Units priced at $0.25 per Unit. Each Unit will consist of one common share of the Company ("Share") and one share purchase warrant ("Warrant"). Each Warrant will entitle the Investor to purchase one Share of the Company for a period of 24 months after the closing date at a price of $0.35 per Share for the first 12 months and at a price of $0.50 per Share for the next 12 months thereafter.

Shares issued pursuant to the private placement, as well as any Shares issued pursuant to the exercise of the Warrants, are subject to a four-month hold period from the date of closing. The private 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.

The Company further announces that it is applying to the TSX Venture Exchange for its acceptance of the repricing of warrants to purchase a total of 3,349,091 common shares of the Company, which expire on December 1st, 2008, from $0.50 per share to $0.35 per share. The warrants were issued on November 30th, 2007 as part of a private placement and none have been exercised to date. The repricing is subject to the acceptance of the TSX Venture Exchange.

About Acero-Martin Exploration Inc.

Acero Martin's 100%-owned Pinaya project hosts one of Peru's newest and richest copper-gold porphyry/skarn deposits. The project is located 110 km northeast of Arequipa and approximately 60 kilometers south of Xstrata's Tintaya copper-gold mine, and is favoured with excellent nearby mining infrastructure.

In September of 2006, based on the first 70 holes drilled, an initial independently calculated NI 43-101 resource estimated that Pinaya hosts an Indicated Resource of 29.13 million tonnes grading 0.53 g/t gold and 0.42% copper and an Inferred Resource of 12.72 million tonnes grading 0.41 g/t gold and 0.41% copper. This equates to approximately 498,000 troy ounces of gold and 269,000,000 pounds of copper in the Indicated category, and 168,000 troy ounces of gold and 115,000,000 pounds of copper in the Inferred.

As of February 2008, the Company has completed an additional 79 holes bringing the project total to 40,900 meters and 149 holes. Drilling since the release of the initial resource continues to work to expand the size of the deposit and test new zones of mineralization. Alongside the drilling the company is currently completing a preliminary economic assessment ("scoping study") to determine the potential for, and economic parameters of, developing a starter open pit mining operation. Acero-Martin trades on the TSX-Venture exchange under the symbol ASD and the Frankfurt stock exchange under the symbol AMX.

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 Cary Pothorin, P.Geo, Acero-Martin's Vice President of Exploration, a qualified person.

ON BEHALF OF THE BOARD

Don Currie, President and CEO

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.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

Contacts: Acero-Martin Exploration Inc. Investor Relations 1-877-646-0067 [phone] (FAX) Email: [e-mail] Website: www.acero-martin.com