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VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 1, 2009) - Acero-Martin Exploration Inc. (TSX VENTURE:AMG)(FRANKFURT:AMX) ("Acero-Martin" or the "Company") wishes to announce that it has agreed to raise seven hundred fifty thousand dollars by the issuance of 3,000,000 units priced at 25 cents per unit by way of a non-brokered private placement.

Each unit will consist of one common share of the Company ("Share") and one share purchase warrant ("Warrant"). Each two whole Warrants will entitle the holder to purchase one common Share of the Company at a price of 30 cents per share for a period of one year.

Shares issued pursuant to the private placement, as well as any Shares issued pursuant to the exercise of the Warrants, are subject to a four-month hold period from the date of closing. The private placement is subject to the approval of the TSX Venture Exchange. Finder's fees may be paid in accordance with regulatory policy.

Proceeds from the private placement will be used to fund the continued exploration and development of the Pinaya gold-copper project in southern Peru, the continued exploration of the Red Mountain gold project in Yukon Territory, Canada, and for general working capital purposes.

This news release was prepared on behalf of the Board of Directors, which accepts full responsibility for its contents.

On behalf of the Board:

Michael C. Scholz, Chairman and Director

ACERO-MARTIN EXPLORATION INC.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.