Acero-Martin Exploration Inc.

Acero-Martin Exploration Inc.

March 22, 2005 16:14 ET

Acero-Martin Exploration Inc.: Drilling Begins at Acero-Martin's Pinaya Project and Corporate Update


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: ACERO-MARTIN EXPLORATION INC.

TSX VENTURE SYMBOL: ASD

MARCH 22, 2005 - 16:14 ET

Acero-Martin Exploration Inc.: Drilling Begins at
Acero-Martin's Pinaya Project and Corporate Update

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - March 22, 2005) -
Acero-Martin Exploration Inc. (TSX VENTURE:ASD) (the "Company") is
pleased to announce that drilling has recommenced on its Pinaya Project,
located in southern Peru. It is anticipated that up to 12 diamond drill
holes will be completed over the next three months. Each of the holes
will be between 200 and 350 meters in depth, for an estimated total of
3,500 m. Drilling will be completed by GeoDrill S.A of Arequipa.

The drilling will concentrate on two main targets. The first is a
copper-gold porphyry system that is believed to underlay the surface
mineralization observed at Pinaya. Induced Polarization (IP) geophysical
surveys indicate that a porphyry system may underlay the valley to the
southeast and east of the open cut.

The second target is the northwesterly extension of the gold
mineralization where prior drilling had intersected significant gold
mineralization, such as in PDH-01, with 31 m of 4.14 g/t Au, 0.26% Cu,
and 0.92 g/t Ag (see News dated February 16, 2005). In addition,
exploration has revealed coincident geophysical and geochemical
anomalies associated with the open cut exceeding one kilometer in strike
length. Drilling will step out over a distance of 300 and 400 meters
northerly from the eight holes completed in December, 2003.

The Company will also continue the geophysical program, in order to
better define the IP anomalies that are still open along strike. The
company will also amplify its program of surface sampling over those
anomalies, in order to bring them to drill ready status.

Vern Arseneau, P.Geo, and James McCrea, P.Geo, are the qualified
persons, under National Instrument 43-101 for the Pinaya project, and
are supervising the quality-control and quality-assurance program.

The Company also wishes to announce that it has appointed Jeffrey
Reeder, Professional Geoscientist, President and Chief Executive Officer
of the Company. Mr. Reeder graduated with a bachelor of science in
geology from the University of Alberta and is a professional geologist
with over 17 years experience in all facets of mineral exploration. Mr.
Reeder has worked extensively throughout North and South America.

Donald Gee will assume the role as Chief Financial Officer. Mr. Gee has
over 25 years experience as a Chartered Accountant in private and public
company management and consulting. Mr. Gee's past positions were Chief
Financial Officer for a TSE listed gaming company and financial advisor
to a national aerospace company. He is a member of the Chartered
Accountants of BC and a member of the Canadian Institute of Mining and
Metallurgy.

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 gold projects: Red Mountain in the Yukon
Territories and the Pinaya Project in southern Peru.

This press release was prepared on behalf of the Board of Directors,
which accepts full responsibility for its contents.

On Behalf of the Board:

Jeffrey Reeder, President and Director

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Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    Acero-Martin Exploration Inc.
    Jeffrey Reeder
    President and Director
    (604) 618-3433
    (604) 291-9926 (FAX)
    The TSX Venture Exchange does not accept responsibility for the adequacy
    or accuracy of this release.