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

Acero-Martin Exploration Inc.

September 10, 2008 19:29 ET

Acero-Martin Announces Amendment to Non-Brokered Private Placement

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 10, 2008) - 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.

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

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