ASD Acero-Martin Exploration

Acero-Martin Exploration Inc. (TSX VENTURE:ASD)(FRANKFURT:AMX) ("Acero-Martin"
or the "Company") announces that, further to its news release dated September
10th, 2008, it has received conditional TSX Venture Exchange approval to
complete the first tranche of its non-brokered private placement and will be
proceeding today to issue 27,312,080 Units at 6 cents per unit for gross
proceeds of $1,638,724.


Each Unit consists of one common share of the Company ("Share") and one half of
one share purchase warrant ("Warrant"). Each whole warrant entitles the holder
to purchase one Share of the Company for a period of 12 months after the closing
date at a price of 10 cents per Share. The warrant price has been adjusted from
9 cents to 10 cents to reflect the policies of the Toronto Venture Exchange.


In connection with the closing of the first tranche, the Company has paid cash
finders' fees totaling $54,809 to Haywood Securities Inc. ($22,125), Jones,
Gable & Company Ltd. ($15,000), Canaccord Capital Corporation ($11,733.75),
Virgin Ventures Ltd. ($3,500), and William MacLeod ($2,450).


All of the securities issued pursuant to the private placement, including any
shares issued on the exercise of warrants, are subject to a four-month hold
period expiring January 16th, 2009.


The Company plans to raise up to $2,000,000; the balance to be completed through
the closing of a second tranche.


About Acero-Martin Exploration Inc.

Acero-Martin Exploration Inc. is a resource company focused on creating
shareholder value by exploring for precious and base metals, with the immediate
goal of defining a major deposit at its 100 percent-owned Pinaya Project located
in Peru. The Pinaya Project has an initial NI 43-101-compliant indicated
resource of 29.13 million tonnes grading 0.53 g/t Au and 0.42% Cu (498,000 oz Au
and 269 million lbs Cu) and an inferred resource of 12.72 million tonnes grading
0.41 g/t Au and 0.41% Cu (168,000 oz Au and 115 million lbs Cu). Subsequent to
this estimate, Acero-Martin has continued to define the deposit by drilling an
additional 90 holes bringing the project totals to more than 45,000 meters and
160 holes.


ON BEHALF OF THE BOARD OF DIRECTORS

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

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., President
and CEO of Acero-Martin, and a qualified person.


This news release has been prepared by management. 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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