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Acero-Martin Continues to Expand the Resource at Pinaya

November 15, 2006

Acero-Martin Exploration Inc. (the “Company”) is pleased to release additional drill results from its continuing 2006 drill program at the Pinaya Property, located in southern Peru. Currently two diamond drill rigs are on the property and a third rig has been ordered.

Highlights include:

  • PDH-074: 67.05 meters (219.92 ft.) of 0.63 g/t Au and 0.75% Cu  (1.09% CuEq)
  • PDH-077: 37.8 meters (123.98 ft.) of 0.40 g/t Au and 0.82% Cu (1.04% CuEq)
  • PDH-072: 121.9 meters (399.83 ft.) of 0.54 g/t Au and 0.38% Cu (0.68% CuEq)

The Company is focused on quickly expanding upon the copper and gold resource estimate recently complied by independent geologist Doug Blanchflower P.Geo (See News Release September 20, 2006 http://www.aceromartinexp.com/news/index.php?&content_id=96). The initial resource estimate covered only two of the five copper and gold zones known to exist on the property.  These two zones, the Western Porphyry (“WPZ”) and Gold Oxide Skarn Zone (“GOSZ”), remain open in all directions.

The current drilling results focused on the up-dip copper and gold mineralization on the WPZ. Further drilling is expected to expand the mineralization both northwest and southeast. Additional drilling will also focus on expanding the copper and gold mineralization in the northern area of the WPZ.

The following table summarizes the latest drill results:

Drill Hole

From

To

Width

Au g/t

Cu %

Au Eq (1)

Cu Eq (1)

 

(m)

(m)

(m/ft)

 

 

g/t

%

 

 

 

 

 

 

 

 

PDH-071

142.1

183

40.90 / 134.15

0.49

0.44

1.29

0.71

 

 

 

 

 

 

 

 

PDH-072

151.50

273.40

121.9 / 399.83

0.54

0.38

1.23

0.68

 

 

 

 

 

 

 

 

PDH-073

17.30

103.00

85.7 / 281.10

0.52

0.54

1.51

0.82

 

 

 

 

 

 

 

 

PDH-074

63.25

130.30

67.05 / 219.92

0.63

0.75

2.00

1.09

 

 

 

 

 

 

 

 

PDH-075

 

 

No significant results

 

 

 

 

 

 

 

 

 

 

 

 

PDH-076

1.50

6.00

4.5 / 14.76

0.16

0.31

0.73

0.40

 

83.00

100.80

17.8 / 58.38

0.57

0.18

0.90

0.49

 

 

 

 

 

 

 

 

PDH-077

19.50

57.30

37.8 / 123.98

0.40

0.82

1.90

1.04

 

57.30

70.50

11.7 / 38.38

0.28

0.02

0.32

0.17

 

 

 

 

 

 

 

 

PDH-078

16.00

51.50

35.5 / 116.44

0.54

0.23

0.96

0.53

 

 

 

 

 

 

 

 

(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.

A drill hole location map is available at:

http://www.aceromartinexp.com/_resources/Topo_Drill.pdf

Regarding the recent drill results, Donald Gee, President, said: “The latest results continue to prove the potential for near surface copper and gold mineralization on the western flanks of the Western Porphyry Zone.  Three drill rigs will be turning into the New Year with the goal of releasing an updated resource estimate in the first quarter of 2007.  We are excited about the   latest results and are confident that the current drill program will significantly expand our resource base.”

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 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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