Acero-Martin Exploration Inc.

Acero-Martin Exploration Inc.

November 15, 2006 16:30 ET

Acero-Martin Continues to Expand the Resource at Pinaya

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Nov. 15, 2006) - Acero-Martin Exploration Inc. (the "Company") (TSX VENTURE:ASD)(FWB:AMX) is pleased to release additional drill results from its continuing 2006 drill program at the Pinaya Property, located in southern Peru. Currently two diamond drill rigs are on the property and a third rig has been ordered.

Highlights include:

- PDH-074: 67.05 meters (219.92 ft.) of 0.63 g/t Au and 0.75% Cu (1.09% CuEq)

- PDH-077: 37.8 meters (123.98 ft.) of 0.40 g/t Au and 0.82% Cu (1.04% CuEq)

- PDH-072: 121.9 meters (399.83 ft.) of 0.54 g/t Au and 0.38% Cu (0.68% CuEq)

The Company is focused on quickly expanding upon the copper and gold resource estimate recently complied by independent geologist Doug Blanchflower P.Geo (See News Release September 20, 2006 The initial resource estimate covered only two of the five copper and gold zones known to exist on the property. These two zones, the Western Porphyry ("WPZ") and Gold Oxide Skarn Zone ("GOSZ"), remain open in all directions.

The current drilling results focused on the up-dip copper and gold mineralization on the WPZ. Further drilling is expected to expand the mineralization both northwest and southeast. Additional drilling will also focus on expanding the copper and gold mineralization in the northern area of the WPZ.

The following table summarizes the latest drill results:

Au Eq Cu Eq
Drill From To Width Au Cu (1) (1)
Hole (m) (m) (m/ft) g/t % g/t %

PDH-071 142.1 183 40.90 / 134.15 0.49 0.44 1.29 0.71

PDH-072 151.50 273.40 121.9 / 399.83 0.54 0.38 1.23 0.68

PDH-073 17.30 103.00 85.7 / 281.10 0.52 0.54 1.51 0.82

PDH-074 63.25 130.30 67.05 / 219.92 0.63 0.75 2.00 1.09

PDH-075 No significant

PDH-076 1.50 6.00 4.5 / 14.76 0.16 0.31 0.73 0.40
83.00 100.80 17.8 / 58.38 0.57 0.18 0.90 0.49

PDH-077 19.50 57.30 37.8 / 123.98 0.40 0.82 1.90 1.04
57.30 70.50 11.7 / 38.38 0.28 0.02 0.32 0.17

PDH-078 16.00 51.50 35.5 / 116.44 0.54 0.23 0.96 0.53

(i) Copper equivalent values (CuEq) and gold equivalent values (AuEq) are
estimated using long-term metal prices, including copper at
$1.20 (U.S.) per pound and gold at $450 (U.S.) per ounce. Adjustment
factors to account for differences in relative metallurgical
recoveries for gold and copper will depend upon the completion of
definitive metallurgical testing. CuEq equals Cu per cent plus
Au gram per tonne multiplied by 14.47/(1.20 multiplied by 22.05);
AuEq equals Au gram per tonne plus Cu per cent multiplied by 22.05
multiplied by 1.2/14.47.

A drill hole location map is available at:

Regarding the recent drill results, Donald Gee, President, said: "The latest results continue to prove the potential for near surface copper and gold mineralization on the western flanks of the Western Porphyry Zone. Three drill rigs will be turning into the New Year with the goal of releasing an updated resource estimate in the first quarter of 2007. We are excited about the latest results and are confident that the current drill program will significantly expand our resource base."

The Company is compliant under National Instrument 43-101 for the Pinaya project. Jeffrey Reeder, 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.

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 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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