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

Acero-Martin Exploration Inc.

March 03, 2008 09:30 ET

Acero-Martin Commences 2008 Drilling Program at Pinaya Gold-Copper Project in Peru

VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 3, 2008) - Acero-Martin Exploration Inc. (the "Company" or "Acero-Martin") (TSX VENTURE:ASD)(FRANKFURT:AMX) is pleased to announce that it has commenced a major 2008 drilling program on its wholly owned Pinaya gold-copper project in southern Peru.

The first phase of the program is underway and will consist of approximately 6,000 meters of diamond drilling, with over 25,000 meters currently planned for the year. One rig is currently turning on the property and a second is expected on site in April to accelerate the program. The 2008 program is anticipated to be the largest drilling program carried out on the project since exploration commenced in 2004.

The focus of this year's drilling program will primarily consist of large step-out drill holes in areas of known mineralization including the North Western Porphyry ("NWPZ"), Western Porphyry ("WPZ"), and Montana de Cobre y Oro Zones ("MCOZ"). The goal will be to expand the project's overall resource base.

Currently a drill rig is stationed at the North Western Porphyry Zone which remains open to the north, east, and at depth. The rig is drilling large 100 and 200 meter step out holes to expand beyond drill hole PDH-146, located at the far northeast corner of the zone which previously intersected 1.18% copper and 0.20 g/t gold over 44.80 meters.

As a follow up to the successful 2007 surface exploration program, strategic holes will also be drilled to test some of the new emerging target areas identified through surface soil sampling, trenching, and mapping including: Los Vientos ("LVZ"), Don Pedro ("PEDRO"), Viscachani ("VZ"), and Minas Jorge ("MJZ"). Many of these targets were newly defined in 2007 and have never been drilled.

A map showing the location of the target zones on the Pinaya project has been uploaded to: http://www.aceromartinexp.com/news/

Local drilling contractor Geodrill S.A. based out of Arequipa has been retained to complete the first phase of the drilling and Acero-Martin has received all of the necessary permits from the Peruvian Ministry of Energy and Mines. Drilling results will be reported throughout the year as the analytical data is received, validated and compiled.

About Acero-Martin Exploration Inc.

Acero Martin's 100%-owned Pinaya project hosts one of Peru's newest and richest copper-gold porphyry/skarn deposits. The project is located 110 km northeast of Arequipa and approximately 60 kilometers south of Xstrata's Tintaya copper-gold mine, and is favoured 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.

As of February 2008, the Company has completed an additional 79 holes bringing the project total to 40,900 meters and 149 holes. 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 preliminary economic assessment ("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.

Technical Information

The drilling program is under the supervision of Mr. Cary Pothorin P. Geo., Acero-Martin's Qualified Person as defined by NI 43-101. Core samples will be shipped to SGS Laboratories in Lima, Peru.

Samples are crushed and a portion pulverized for analysis. Samples are assayed for gold using a 30 gram fire assay procedure with a gravimetric or Atomic Absorption (AA) finish. A 36-element ICP analysis is then carried out using an Aqua Regia (4 acid) digestion. Copper assays over 1.0% are reanalyzed using an AA procedure.

A Quality Assurance and Quality Control (QA/QC) program including standard material of known copper and gold content, blanks, and duplicate samples is followed. Certified standards of known copper and gold content, and blanks are inserted every 20 samples. Duplicate samples are also taken every 20 samples. Any inconsistencies are addressed immediately.

ON BEHALF OF THE BOARD

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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