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

Acero-Martin Exploration Inc.

May 29, 2006 20:44 ET

Acero-Martin Closes $180,000 Private Placement

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - May 29, 2006) - Acero-Martin Exploration Inc. (the "Company") (TSX VENTURE:ASD)(FWB:AMX) is pleased to announce that further to the Company's news release dated April 21, 2006, the Company has now closed a fully subscribed non-brokered private placement of $180,000 at $0.60 per unit ("Unit"). Each Unit consists of one common share of the Company ("Share") and one-half of a share purchase warrant ("Warrant"). One whole Warrant will entitle the holder thereof to purchase one additional Share (a "Warrant Share") of the Company at a price of $0.75 per Warrant Share up to and including November 26, 2006 and at a price of $0.90 per Warrant Share thereafter and up to and including May 26, 2007.

All Shares issued pursuant to this private placement together with any Shares issuable on the exercise of the Warrants have a hold period expiring September 27, 2006. The proceeds of the financing will be used to fund the continuing drilling and exploration on the Peruvian Pinaya Project and general working capital.

About Acero-Martin Exploration Inc.

Acero-Martin Exploration Inc. is an exploration company, which is focused in locating and defining economic precious metals deposits. Currently the Company has two exploration projects: Pinaya in southern Peru and Red Mountain in the Yukon Territories. For additional information please go to http://www.acero-martin.com or http://www.goldmau.com/asd.htm.

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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