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Acero-Martin Announces Corporate Update

May 13, 2008

Acero-Martin Exploration Inc. (the “Company” or “Acero-Martin”) is pleased to provide the following corporate update from its President and Chief Executive Officer Dr. Stewart Jackson.

My fellow shareholders:

Since taking on the leadership role with Acero-Martin Exploration I have had the pleasure and opportunity to implement a review of the Pinaya Copper-Gold Project and begin to formulate the strategy for the exploration program moving forward.  As an exploration geologist and manager, I have been privileged to have participated in the discovery of several major deposits that are now in production.  Similarly, with the Pinaya Project, I see great potential to expand the current resource base and prove up a major deposit.

In preference to a previously considered early production scenario, moving forward the immediate goal for Acero-Martin will be to rapidly increase the size of the resource base at Pinaya.  While we have no control over world markets or the value of gold and copper, we do have control over the definition of the resource.  A significantly larger resource base will be aggressively pursued.

From the current database of more than 150 holes comprising some 40,000 meters of drilling, wide step-out holes and deeper drilling will be used to expand the extensive system outlined by work to date.  Comparing the Pinaya Project with other major porphyry-related copper and copper-gold systems in favourable belts of both Peru and Chile suggests that results obtained to date possibly lie within the upper reaches of a large system that is driven by a major underlying intrusive body or “feeder system.” 

The geological model we will be using to guide exploration is that of an intrusive mass with surrounding alteration similar to that of the Collahuasi deposit of Chile, which is measured in billions of tonnes versus the modest yet substantial resource delineated on the property to date. 

To assist in this approach, all drilling, geophysical, geochemical, and surface data is currently being compiled into a computerized model for re-interpretation.  The Company is also in the process of switching to a deep drilling rig capable of testing the depth potential of the project down to at least 1,000 meters. 

The vast scale of the exploration target requires a new approach to determine the ultimate extent of the deposit.  I am motivated by the potential of the project and look forward to reporting new results and developments.

I leave you with the comment that your Management and Board are committed to maximizing shareholder value.  We are excited about the potential that lies ahead and thank you for your patience, loyalty and your continued support as we move forward.

ON BEHALF OF THE BOARD OF DIRECTORS

Stewart Jackson”    

Stewart Jackson, PhD, P. Geol.
President and CEO

For more information please visit the company website at http://www.acero-martin.com  or contact investor relations at 877-646-0067 or

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 Dr. Stewart Jackson, P.Geol., Acero-Martin’s President and CEO, a qualified person.

This news release has been prepared by management.  The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release. 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.

 
     
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