News

Board Appointment and Management Changes

January 30, 2006

Acero-Martin Exploration Inc. is appointing Len De Melt (AscT, BA, HdM) to the board of directors. Mr. De Melt is an engineering graduate of the Haileybury School of Mines. He also holds a bachelor of arts degree in business and economics, and a diploma of mechanical studies from the British Columbia Institute of Technology. He has held management positions with 12 mining companies internationally, and was instrumental in starting and building six mines, including Gulf Oil's Rabbit Lake mine (uranium), Syncrude mine (oil sands), Denison Mines' Quintette (coal), Homestake's Golden Bear mine (gold), BHP's Ekati mine (diamonds) and Goldust's Croiner mine (gold). Mr. De Melt is well known within the mining industry and brings nearly 30 years of project management and mine development experience to the company. He is a director of several public and private mining companies, including Norsemont Resources Inc. and Vena Resources Inc.

Donald Gee, president, said: "We are delighted to have Len join our board. He brings considerable experience with exploration and development in Peru. His contacts within the mining and financial sectors will bode well for our company." Wan Jung has resigned as a director.

The company is pleased to announce the following management appointments:

Mr. Gee, B.Sc. (Geology), CA- President and Chief Executive Officer

Mr. Gee is an experienced geologist and has been a Chartered Accountant for 27 years. His recent past positions included Chief Financial Officer for a gaming company listed on the Toronto Stock Exchange and financial adviser to a national aerospace company. He is a member of the Institute of Chartered Accountants of British Columbia and the Canadian Institute of Mining and Metallurgy.

Jeffrey Reeder, P.Geo- Co-chairman and Vice-President Exploration

Mr. Reeder graduated in 1988 from the University of Alberta with a Bachelor of Science degree in Geology. He has been involved in the mineral exploration for over 18 years, including more than 10 years in South America. He is a director of other public companies and has provided consulting services to mineral exploration and development companies.

Mr. Jung, CGA- Chief Financial Officer

Mr. Jung has been a Certified General Accountant since 1985. He was the former director of finance with Nike Canada Ltd. and former VP Finance for Qimaging Corp. Mr. Jung currently serves as a director for several public companies. Mr. Jung has resigned as a director to enable the new board appointment mentioned above.

Donald Gee, President, said: "These management appointments will provide strong leadership and focus on the continued development of our flagship property, Pinaya, in southern Peru. Mr. Reeder's responsibilities will be the development of the Pinaya project, together with new property evaluation and acquisitions. His previous Peruvian experience is invaluable."

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.

On Behalf of the Board:

(Signed) "Donald Gee"
Donald Gee, President and Director

For further information contact: Donald Gee, President at (604) 618-3433 or by email at info@acero-martin.com

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 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 of achievements implied by these forward looking statements. We seek safe harbor.