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Acero-Martin Closes $3.6 Million Private Placement

March 27, 2006

Acero-Martin Exploration Inc. (the “Company”) is pleased to announce that further to the Company’s news release dated February 6, 2006 and March 8, 2006, the Company has now closed a fully subscribed non-brokered private placement of $3,600,000 at $0.60 per unit (“Unit”). Each Unit consists of one common share of the Company (“Share”) and one-half of a share purchase warrant (“Warrant”). One whole Warrant will entitle the holder thereof to purchase one additional Share (a “Warrant Share”) of the Company at a price of $0.75 per Warrant Share up to and including September 24, 2006 and at a price of $0.90 per Warrant Share thereafter and up to and including March 24, 2007. The Company has paid $207,109 in cash as finders fees.

All Shares issued pursuant to this private placement together with any Shares issuable on the exercise of the Warrants have a hold period expiring July 25, 2006. The proceeds of the financing will be used for to fund continuing drilling and exploration on the Peruvian Pinaya Project and general working capital.

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: Pinaya in southern Peru and Red Mountain in the Yukon Territories. For additional information please go to http://www.acero-martin.com.

(Signed) “Donald Gee”
Donald Gee, President and Director

For further information contact: Donald Gee, President at (604) 618-3433 or by email at

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