Acero-Martin Exploration Inc.

Acero-Martin Exploration Inc.

March 06, 2007 13:48 ET

Acero-Martin Announces Closing of First Tranche of Private Placement

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - March 6, 2007) - Acero-Martin Exploration Inc. ("Acero" or the "Company") (TSX VENTURE:ASD)(FRANKFURT:AMX) announces that further to its news release of February 14, 2007, the Company has now closed the first tranche of its private placement. 11,478,500 units (the "Units") have been issued at a price of $0.50 per Unit for gross proceeds of $5,739,250. Each Unit consists of one common share of the Company (a "Share") and one common share purchase warrant (a "Warrant"). Each Warrant entitles the holder to purchase one additional Share at $0.75 per Share for a period of 12 months up to and including March 5, 2008. The Company paid a total of $459,140 in cash to Union Securities Ltd. (the "Agent") and / or members of its selling group and issued Agent's Compensation Options for the purchase of up to 1,147,850 Agent's Compensation Units to the Agent and / or members of the Agent's selling group. Each Agent's Compensation Option entitles the holder to purchase one Agent's Compensation Unit at a price of $0.50 per Agent's Compensation Unit. Each Agent's Compensation Unit consists of one Share and one Warrant exercisable at a price of $0.75 per Share for a one year period up to and including March 5, 2008.

All Shares issued pursuant to this private placement together with any Shares issuable on the exercise of the Warrants and the Agent's Compensation Options have a hold period expiring July 6, 2007.

The proceeds of the financing will be used for continued drilling and other exploration and development activities on the Pinaya gold-copper project and for general working capital purposes.

About Acero-Martin Exploration Inc.

Acero-Martin Exploration Inc. is a Canadian-based mineral exploration and development company with projects in North and South America. The Company is currently focused on developing its flagship gold-copper property Pinaya, located in Southern Peru. For additional information please go to or

Donald Gee, President and Director

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 has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release.

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