Acero-Martin Exploration Inc.

Acero-Martin Exploration Inc.

March 17, 2008 09:30 ET

Vicarage Capital Publishes Research on Acero-Martin Exploration Inc.

VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 17, 2008) - Acero-Martin Exploration Inc. (the "Company" or "Acero-Martin") (TSX VENTURE:ASD)(FRANKFURT:AMX) today announced the publication of an equity research report on the company by London based Vicarage Capital Limited.

The report can be obtained directly from Vicarage Capital by contacting the author, Nick Mellor, at +44 (0) 207 060 1013 or by email at

"We are pleased that Vicarage Capital has initiated coverage of Acero-Martin," stated Michael Scholz, Chairman. "Our anticipation is that this report will contribute to a greater awareness of the underlying value and potential of our assets. Having just announced the start of our 2008 drilling program at Pinaya, the largest program to date, we are looking forward to expanding our audience and updating them with future advances and achievements."

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 March 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.

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 Cary Pothorin, P.Geo, Acero-Martin's Vice President of Exploration, a qualified person.


Michael Scholz, Chairman

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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