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Acero-Martin drills Pinaya; survey finds anomaly

November 17, 2005
Acero-Martin Exploration Inc. has resumed drilling at its Pinaya copper-gold project, located in southern Peru. It is anticipated that drilling will continue until just prior to Christmas and will recommence in the new year.

In addition, the company is in receipt of preliminary results from the recently completed deep-penetrating IP geophysical survey. A total of 21.5 line kilometres were surveyed at the Pinaya property. The IP survey allows the examination of resistivity and conductivity characteristics to depths of 400 metres. The purpose of the program was to test below the weathered profile for hypogene copper mineralization.

Initial drilling has commenced at a location approximately 50 metres to the southeast of drill hole No. 17. This hole will test the southerly extension of the porphyry copper-gold mineralization previously intersected in hole No. 16 and hole No. 17. Hole No. 16 intersected 296.5 metres of 0.58 gram per tonne gold and 0.31 per cent copper, which includes 90.5 metres of 0.87 gram per tonne gold and 0.68 per cent copper. Hole No. 17 intersected 57.7 metres of 1 per cent copper and 1.04 grams per tonne gold. Prior drilling intersected both shallow oxide and supergene copper mineralization. The recently completed IP survey shows a strong IP chargeability anomaly below the aforementioned mineralization starting at a depth of about 150 metres. A preliminary review of the data shows the anomaly to be approximately 300 to 350 metres in width and continues to depth. Previously geophysical surveys did not show this anomaly.

Results from the recently completed geophysical survey will be released once they have been interpreted.

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: Red Mountain in the Yukon Territories and Pinaya 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:

(Signed) Jeffrey Reeder
Jeffrey Reeder, President and Director
For further information contact: Jeffrey Reeder, President & CEO (780) 720-3290.
 
     
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