Acero-Martin Exploration Inc.

Acero-Martin Exploration Inc.

November 30, 2007 12:31 ET

Acero-Martin Closes Non-Brokered Private Placement

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 30, 2007) - Acero-Martin Exploration Inc. (the "Company") (TSX VENTURE:ASD)(FRANKFURT:AMX) reports that, further to its news release dated November 23rd, 2007, the Company has now closed its non-brokered private placement. The Company has raised gross proceeds of $2,344,375 by the issuance of 6,698,185 million units (the "Units").

Each Unit consists of one common share of the Company ("Share") and one half of a share purchase warrant ("Warrant"). Each whole warrant will entitle the holder thereof to purchase one additional Share (a "Warrant Share") of the Company at a price of $0.50 per Warrant Share for a one year period from the date of issue.

All of the securities issued pursuant to the private placement, including any shares issued on the exercise of the warrants, are subject to a hold period expiring March 31, 2007. Cash finders' fees of $127,826.50 were paid in connection with the Private Placement.

Proceeds from the private placement will be used to fund the continued exploration and development of the Company's Pinaya gold-copper project in southern Peru and for general working capital purposes.

About Acero-Martin Exploration Inc.

Acero Martin's 100%-owned Pinaya project is one of Peru's newest and richest copper-gold porphyry deposits. The project is located approximately 110 km northeast of Arequipa and is favored with excellent nearby mining infrastructure.

In September of 2006, based on the first 70 holes drilled, an initial independently calculated NI 43-101 resource estimated that Pinaya hosts an Indicated Resource of 29.13 million tonnes grading 0.53 g/t gold and 0.42% copper and an Inferred Resource of 12.72 million tonnes grading 0.41 g/t gold and 0.41% copper. This equates to approximately 498,000 troy ounces of gold and 269,000,000 pounds of copper in the Indicated category, and 168,000 troy ounces of gold and 115,000,000 pounds of copper in the Inferred.

Non-stop drilling since the release of the initial resource continues to work to expand the size of the deposit and test new zones of mineralization. Alongside the drilling the company is currently completing a scoping study to determine the potential for, and economic parameters of, developing a starter open pit mining operation. Acero-Martin trades on the TSX-Venture exchange under the symbol ASD and the Frankfurt stock exchange under the symbol AMX.

The Company is compliant under National Instrument 43-101 for the Pinaya project. Cary Pothorin, P. Geo, is the qualified person responsible for the exploration program at Pinaya and is supervising the quality control and quality assurance program. A quality control program of standards, blanks and duplicates is maintained.


Don Currie, President and CEO

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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