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Acero Drills 29.50 Meters Of 2.25 G/T (Gold Equivalent) And 12.00 Meters Of 4.22 G/T (Gold Equivalent) At Pinaya

February 20, 2007

Acero-Martin Exploration Inc. (the “Company”) is pleased to announce that the Company continues to intersect significant new gold-copper mineralization at its Pinaya project in Southwestern Peru. Currently, drilling is continuing at Pinaya, focused on expanding the Western Porphyry (herein “Porphyry”) and Gold Oxide Skarn (herein “Gold Oxide Zone”) resource areas and adding to the resource defined in the initial NI 43-101 resource report (see news release 20 September 2006).

Since the initial resource estimate was released 22 new holes (PDH 071-092) have been completed totaling over 5,500 meters. Holes PDH 071-078 were announced November 15, 2006 and holes PDH 079-086 were announced February 5, 2007. The Company is reporting the results of the last six of these holes (PDH 087-092), all of which targeted the Porphyry zone. An updated drill hole location map is available at:
http://www.aceromartinexp.com/projects/pinaya/

Highlights include:
  • PDH-091: 65.50 meters of 0.33 g/t Au and 0.52% Cu (1.28 g/t AuEq) Including 29.50 meters of 0.31 g/t Au and 1.06% Cu (2.25 g/t AuEq)
  • PDH-092: 100.05 meters of 0.64 g/t Au and 0.22% Cu (1.04 g/t AuEq) Including 30.05 meters of 0.77 g/t Au and 0.54% Cu (1.76 AuEq) and 12 meters of 0.18 g/t Au and 2.21% Cu (4.42 g/t AuEq)

All of the holes hit significant gold-copper mineralization and continue to demonstrate that the resource identified in the initial resource report can be substantially increased through further drilling. In particular:

Holes PDH-087, 090, and 092 focused on testing the 500 meter gap between the Northern and Southern portions of the Porphyry. All three holes hit gold-copper mineralization beginning near surface. The success of these holes is consistent with our geomodeling and further strengthens our belief that the Northern and Southern portions of the Porphyry are connected and form one large deposit. Further drilling will be aimed at closing the gap between the Northern and Southern portions of the Porphyry.

Holes PDH-088 and 089 were drilled in the Southern portion of the Porphyry and extended the zone to the Northwest towards the Gold Oxide Zone. The results continue to confirm that the Porphyry and Gold Oxide Zones are geologically related and may be spatially connected. Further drilling will be aimed at connecting the two zones.

The following table summarizes the latest drill results:


Drill

From

To

Width

Width

Au g/t

Cu %

(i) Au g/t

(i) Cu %

Hole

(m)

(m)

(m)

(ft)

 

 

Equivalent

Equivalent

 

 

 

 

 

 

 

 

 

PDH-087

6.00

24.90

18.90

61.99

0.36

0.04

0.43

0.24

 

40.00

47.45

7.45

24.44

0.33

0.08

0.48

0.26

 

 

 

 

 

 

 

 

 

PDH-088

49.50

51.00

1.50

4.92

2.81

0.02

2.85

1.56

 

103.00

104.50

1.50

4.92

4.20

0.01

4.22

2.31

 

143.00

146.00

3.00

9.84

1.07

0.01

1.09

0.60

 

201.50

265.00

63.50

208.28

0.28

0.22

0.68

0.37

 

280.00

285.60

5.60

18.37

0.21

0.15

0.48

0.27

 

 

 

 

 

 

 

 

 

PDH-089

0.50

12.50

12.00

39.36

0.02

0.19

0.37

0.20

 

143.70

156.00

12.30

40.34

0.04

1.16

2.16

1.18

 

 

 

 

 

 

 

 

 

PDH-090

29.00

36.00

7.00

22.96

0.51

0.02

0.55

0.30

 

71.10

87.25

16.15

52.97

0.72

0.14

0.98

0.54

 

211.50

218.50

7.00

22.96

1.19

0.02

1.23

0.67

 

 

 

 

 

 

 

 

 

PDH-091

7.00

16.05

9.05

29.68

0.39

0.02

0.43

0.23

 

114.00

128.50

14.50

47.56

0.51

0.02

0.55

0.30

 

198.00

199.50

1.50

4.92

0.67

2.53

5.30

2.90

 

220.50

286.00

65.50

214.84

0.33

0.52

1.28

0.70

includes

220.50

250.00

29.50

96.76

0.31

1.06

2.25

1.23

 

296.50

309.50

13.00

42.64

0.37

0.11

0.57

0.31

 

 

 

 

 

 

 

 

 

PDH-092

0.00

13.00

13.00

42.64

0.25

0.03

0.31

0.17

 

67.00

71.50

4.50

14.76

0.81

0.02

0.85

0.46

 

149.45

249.50

100.05

328.16

0.64

0.22

1.04

0.57

includes

149.45

179.50

30.05

98.56

0.77

0.54

1.76

0.96

 

272.00

307.10

35.10

115.13

0.17

0.94

1.89

1.03

includes

285.50

297.50

12.00

39.36

0.18

2.21

4.22

2.31

(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.

Drilling is continuing at the Pinaya project with the goal of quickly and efficiently adding to the resource defined within the Porphyry and Gold Oxide resource areas. Alongside the drilling, metallurgical, environmental, and social-economic studies are underway to aid in the development of an initial open-pit heap leach mine at the Gold Oxide Zone and lay the groundwork for a scoping study which is to commence by Q2 2007.

The Company has also recently received additional results from the 2006/07 mapping and trenching program. The results are being compiled and will be released shortly.

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 a Canadian-based mineral exploration and development company with projects in North and South America. The Company is currently focused on developing its flagship gold-copper property Pinaya, located in Southern Peru. For additional information please go to http://www.acero-martin.com or http://www.goldmau.com/asd.htm

“Donald Gee”

Donald Gee, President and Director
For further information contact: Don Currie (604) 374-2883
Email: or Investor Relations: +1 (800) 884-5269
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