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Acero-Martin Intersects 136 Meters /446.1 Ft of 0.79 g/t Au and 0.55% Cu (0.98% Cu Equiv.)

August 15, 2006

Acero-Martin Exploration Inc. (the ‘Company”) is pleased to release additional drill results from its 10,000-metre 2006 drill program at the Pinaya property, located in southern Peru.

Drill hole PDH-069 intersected a zone of gold-copper mineralization of 136 metres/446.1 feet grading 0.79 grams per tonne gold and 0.55 per cent copper (0.98 % Copper Equivalent).  The hole was located in the southern portion of the Western Porphyry Zone (WPZ) and was collared 50 meters northeast of PDH-060 which previously returned 103 metres/338.8 feet grading 1.28 grams per tonne gold and 1.21 per cent copper (1.91 % Copper Equivalent).

Drilling continues to confirm that the WPZ may dip below the Gold Oxide Skarn Zone (GOSZ) which hosts an open pit measuring 300 meters long by 30 meters wide and as much as 30 meters deep.  The WPZ zone remains open to the north, south and east and at depth.  Known mineralization at the WPZ extends over a strike length of 1,500 m by 350 m. 

Drill Hole

From

To

Width

Au g/t

Cu %

Au Eq (1)

Cu Eq (1)

 

(m)

(m)

(m/ft)

 

 

g/t

%

 

 

 

 

 

 

 

 

PDH-062

108.50

230.60

122.10 / 400.49

0.51

0.41

1.26

0.69

includes

169.00

184.20

15.20 / 49.86

0.15

1.30

2.53

1.38

includes

215.50

230.60

15.10 / 49.53

1.75

1.33

4.18

2.29

 

 

 

 

 

 

 

 

PDH-063

73.75

140.20

66.45 / 217.96

0.39

0.57

1.43

0.78

 

 

 

 

 

 

 

 

PDH-064

175.30

300.50

125.2 / 410.66

0.54

0.26

1.02

0.56

 

 

 

 

 

 

 

 

PDH-065

0.00

26.00

26.00 / 85.28

0.06

0.90

1.71

0.93

 

26.00

36.00

10.00 / 32.80

0.27

0.11

0.47

0.26

 

 

 

 

 

 

 

 

PDH-066

3.70

48.25

44.55 / 145.96

0.73

0.36

1.39

0.76

 

 

 

 

 

 

 

 

PDH-067

19.60

52.50

32.60 / 106.93

0.13

1.22

2.36

1.29

 

81.40

93.90

12.50 / 41.00

0.05

0.36

0.71

0.39

 

133.30

140.80

7.50 / 24.60

0.55

0.01

0.57

0.31

 

 

 

 

 

 

 

 

PDH-068

147.00

195.50

48.50 / 159.08

0.59

0.48

1.47

0.80

 

 

 

 

 

 

 

 

PDH-069

208.50

344.50

136.00 / 446.08

0.79

0.55

1.80

0.98

 

 

 

 

 

 

 

 

PDH-070

171.40

277.50

105.70 / 346.70

0.34

0.23

0.76

0.42

 

 

 

 

 

 

 

 

(1) 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

Drill holes PDH-62 through 70, with the exception of PDH-067 were completed within the southern portion of the Western Porphyry Zone (herein “WPZ”).

PDH-067 was collared 250 meters southeast of the gold oxide skarn zone (GOSZ). The hole intersected strong near surface copper mineralization returning 32.60 meters / 106.9 feet of 0.13 g/t Au and 1.22 percent copper (1.29 % Copper Equivalent). The hole was to test the gold and copper skarn mineralization and to determine the optimal drilling direction in this area. Previous holes in this zone PDH-011, 27 and 28 were drilled on azimuth of 270. PDH-067 was collared on the PDH-011 site and drilled on an azimuth of 225.

Regarding the recent drill results, Jeff Reeder, Vice-President of Exploration said: "Our understanding of the geometry and size of the porphyry at Pinaya continues to expand. The recent drilling results confirm that the size of the porphyry increases as it approaches the GOSZ to the east.  In addition, drill hole 67, located south of the Open Pit and Western Porphyry showed strong near surface copper mineralization.  This indicates that the mineralization is wide open to the south of the current drilling."

The Company is currently preparing a National Instrument 43-101-compliant resource calculation due in Q4 (fourth quarter) of this year.

A drill hole location map is available at: http://www.aceromartinexp.com/_resources/Topo_Drill.pdf

The Company is compliant under National Instrument 43-101 for the Pinaya project, and independent consultants are supervising the quality-control and quality-assurance program. Core samples are transported to SGS Labs (a laboratory certified by International Standards Organization (ISO) 9002) in Lima, Peru. Gold values are determined by 30-gram fire assay fusion with an atomic absorption spectroscopy finish. All samples are also analyzed for 35 elements by ICP and total digestion and those samples anomalous in copper are reanalyzed by atomic absorption (four-acid digestion). A quality-control program of standards, blanks and duplicates is maintained. Jeffrey Reeder, P.Geo, is the qualified person responsible for the exploration program at Pinaya.

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 or http://www.goldmau.com/asd.htm.

“Donald Gee”

Donald Gee, President and Director

For further information contact: Donald Gee, President at (604) 618-3433 or Investor Relations: +1 (800) 884-5269 email:   or by email at

 
     
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