Acero-Martin Exploration Inc.: Closing of 12,000,000 Unit Non-Brokered Private Placement

  Acero-Martin Exploration Inc. (TSX VENTURE: ASD)(FRANKFURT: AMX) (the "Company") wishes to announce that it has closed its 12,000,000 Unit private placement at $0.04 per Unit as announced by press release originally announced June 11, 2009, as revised by press releases dated June 19, 2009 and July 9, 2009, raising gross proceeds of $480,000 and issuing a total of 12,000,000 common shares to its placees at $0.04 per share, and issuing Warrant Certificates for 12,000,000 Warrant Shares. Every two Warrants are exercisable into one common share at $0.05 per share expiring August 21, 2010, resulting in the further issuance of 6,000,000 common shares should all the Warrant Shares be exercised pursuant to this placement. All funds raised pursuant to this placement will be used for general working capital. A finder's fee of cash was paid representing less than 1% of the total gross proceeds raised.

This news release was prepared on behalf of the Board of Directors, which accepts full responsibility for its contents.

On behalf of the Board:

Michael C. Scholz, Chairman and Director

ACERO-MARTIN EXPLORATION INC.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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