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

Acero-Martin Exploration Inc.

September 15, 2008 14:36 ET

Acero-Martin Closes First Tranche of Private Placement Raising $1.6 Million

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 15, 2008) - Acero-Martin Exploration Inc. (TSX VENTURE:ASD)(FRANKFURT:AMX) ("Acero-Martin" or the "Company") announces that, further to its news release dated September 10th, 2008, it has received conditional TSX Venture Exchange approval to complete the first tranche of its non-brokered private placement and will be proceeding today to issue 27,312,080 Units at 6 cents per unit for gross proceeds of $1,638,724.

Each Unit consists of one common share of the Company ("Share") and one half of one share purchase warrant ("Warrant"). Each whole warrant entitles the holder to purchase one Share of the Company for a period of 12 months after the closing date at a price of 10 cents per Share. The warrant price has been adjusted from 9 cents to 10 cents to reflect the policies of the Toronto Venture Exchange.

In connection with the closing of the first tranche, the Company has paid cash finders' fees totaling $54,809 to Haywood Securities Inc. ($22,125), Jones, Gable & Company Ltd. ($15,000), Canaccord Capital Corporation ($11,733.75), Virgin Ventures Ltd. ($3,500), and William MacLeod ($2,450).

All of the securities issued pursuant to the private placement, including any shares issued on the exercise of warrants, are subject to a four-month hold period expiring January 16th, 2009.

The Company plans to raise up to $2,000,000; the balance to be completed through the closing of a second tranche.

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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