Acero-Martin Exploration Inc.
FRANKFURT : AMX
TSX VENTURE : AMG

Acero-Martin Exploration Inc.

March 29, 2010 13:20 ET

Acero-Martin Exploration Inc. Announces 1,500,000 Flow-Through Share Private Placement

VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 29, 2010) - Acero-Martin Exploration Inc. (TSX VENTURE:AMG)(FRANKFURT:AMX) ("Acero-Martin" or the "Company") wishes to announce that it has agreed to raise 330,000 dollars by the issuance of 1,500,000 flow-through Units priced at 22 cents per Unit by way of a non-brokered private placement.

Each Unit will consist of one flow-through share of the Company ("Share") and one flow-through share warrant ("Warrant"). Each two full Warrants will entitle the holder to purchase one flow-through Share at 30 cents for a period of one year from the closing date.

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. Finder's fees may be paid in accordance with regulatory policy.

Proceeds from the private placement will be used to fund the continued exploration of the Red Mountain gold project in Yukon Territory, Canada.

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.

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