News

$3 Million Private Placement

February 6, 2006

Acero-Martin Exploration Inc.(the "Company") is pleased to announce that it is negotiating a non-brokered private placement of up to 5 million units at $0.60 per unit. Each unit will consist of one common share and one half share purchase warrant entitling the holder of each whole warrant to purchase one additional share of the Company at $0.75 within the first 6 months from closing and $0.90 within the last 6 months from closing. Finders' fees will be paid in accordance with regulatory policy. The placement is subject to regulatory approval. The net proceeds will be used to finance continuing drilling and exploration on the Peruvian Pinaya Project and general working capital.

Donald Gee, President said "This financing will enable the company to aggressively explore and develop the Pinaya property in southern Peru. With historical high gold and copper prices, the Pinaya property's value will continue to be extremely favourable."

Jeffrey Reeder, Vice-President Exploration, said "We have a highly experienced technical team that has been focused the last month in planning this next phase of exploration for Pinaya. The geological team and drillers are deployed to the Pinaya project."

The company has granted 450,000 incentive stock options to Directors and Consultants. The exercise price of the stock options will be $0.60 and will expire February 5, 2011.

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.

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