Acero-Martin Exploration Inc.

Acero-Martin Exploration Inc.

April 05, 2010 15:09 ET

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

VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 5, 2010) - Acero-Martin Exploration Inc. (TSX VENTURE:AMG)(FRANKFURT:AMX) ("Acero-Martin" or the "Company") wishes to announce that further to its news release of March 29, 2010 it has revised the terms of the placement 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.

The revised non-brokered private placement will be a 1,500,000 Flow-Through Unit Non-Brokered Private Placement. The price remains the same at 22 cents and the Warrant at 30 cents but the term has been extended to 2 years and is now a full Warrant.

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


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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