Company Information for Acero Martin Exploration Inc.

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Company Statement

Acero Martin’s 100%-owned Pinaya project hosts one of Peru’s newest and richest copper-gold porphyry/skarn deposits. The project is located 110 km northeast of Arequipa and approximately 60 kilometers south of Xstrata’s Tintaya copper-gold mine, and is favoured with excellent nearby mining infrastructure. 

In September of 2006, based on the first 70 holes drilled, an initial independently calculated NI 43-101 resource estimated that Pinaya hosts an Indicated Resource of 29.13 million tonnes grading 0.53 g/t gold and 0.42% copper and an Inferred Resource of 12.72 million tonnes grading 0.41 g/t gold and 0.41% copper.  This equates to approximately 498,000 troy ounces of gold and 269,000,000 pounds of copper in the Indicated category, and 168,000 troy ounces of gold and 115,000,000 pounds of copper in the Inferred.

As of March 2008, the Company has completed an additional 79 holes bringing the project total to 40,900 meters and 149 holes.  Drilling since the release of the initial resource continues to work to expand the size of the deposit and test new zones of mineralization. Alongside the drilling the company is currently completing a preliminary economic assessment (“scoping study”) to determine the potential for, and economic parameters of, developing a starter open pit mining operation.  Acero-Martin trades on the TSX-Venture exchange under the symbol ASD and the Frankfurt stock exchange under the symbol AMX.

Company Diagram

Current Operations

Pinaya Gold-Copper Project
The Pinaya project is located approximately 775 kilometres southeast of Lima, the capital of Peru, and 110 kilometres north-northeast of Arequipa, the second largest city in Peru. The project comprises 15,470.68 hectares in 27 concessions in which the Company holds a 100 percent interest through its Subsidiary.

The Company’s main exploration activities started in September 2004. Surface mapping and rock grab sampling programs, geophysical surveys, soil geochemistry programs, trenching programs and eight surface diamond drilling programs have since been carried out.

Eight mineralized zones and occurrences have been identified on the property thus far: the so-called Gold Oxide Skarn Zone; the Western Porphyry Zone; the Northwestern Porphyry Zone; the Vizcachani Zone; Montaña de Cobre y Oro Zone; the Minas Jorge and Pedro 2000 mineralized occurrences; and the Saitocco Zone.  The metals with economic potential include gold and copper.  Silver anomalies have also been identified in samples from the Montaña de Cobre y Oro and Saitocco Zones.

In September of 2006, based on the first 70 holes drilled, an initial independently calculated NI 43-101 resource estimated that the Western Porphyry and Gold Oxide Skarn Zones at Pinaya host an Indicated Resource of 29.13 million tonnes grading 0.53 g/t gold and 0.42% copper and an Inferred Resource of 12.72 million tonnes grading 0.41 g/t gold and 0.41% copper.  This equates to approximately 498,000 troy ounces of gold and 269,000,000 pounds of copper in the Indicated category, and 168,000 troy ounces of gold and 115,000,000 pounds of copper in the Inferred.

Drilling and exploration has been ongoing since the release of the initial resource estimate.  To date a total of 149 surface exploration holes (40,900 metres) have been drilled by the Company, mainly on the Western Porphyry, Northwestern Porphyry and Gold Oxide Skarn Zones.  In 2008, drilling will be focused on testing some of the newly defined zones of mineralization as well as continuing to expand areas of known mineralization with large step outs.  Regional scale exploration will also be conduced over the entire concession area to assess the property and define potential new target areas.

Other Projects
Red Mountain Project
The 75%-owned Red Mountain Project consists of 52 contiguous claims located about 55 km northwest of Mayo, Yukon. The property is accessible via a seasonal, rough, four-wheel drive road.

Red Mountain is located within the Tintina Gold Belt and is adjacent to Regent Ventures Ltd.’s Hobo Creek Project. The Tintina Belt is well known for the many low grade bulk tonnage and high grade gold deposits it hosts. Altogether the Tintina Gold Belt contains over half of the current gold resources of Alaska and the Yukon. Examples of large mines within the belt include: Pogo – 5.8M oz; Dublin Gulch – 4.1M oz; Donlin Creek – 23M oz; Fort Knox – 5.4M oz; True North – 0.79M oz; Brewery Creek – 0.85M oz.

Significant gold mineralization was identified at the property during drill programs conducted from 2002 to 2005. Exploration work carried out in 2005 consisted of eight drill holes for a total of 4,966 feet (1,514 m).

Minas Lucho
The Minas Lucho concessions cover an area of about 1,200 hectares and are located southeast of the Pinaya Project in the Province of San Roman, Peru. The claims cover an extensive zone of alteration, which lies along a trend of structurally controlled zones gold mineralization. Minas Lucho is a grassroots project.

La Mamita
La Mamita is located in northern Peru in the Ancash mining camp near the 7.1 million ounce Alto Chicama gold deposit. La Mamita consists of a single concession and covers an area of about 1,000 hectares. Results from a recent surface sampling program showed highly anomalous gold values ranging from 0.23 to 6.37 g/t gold, and averaged 1.43 g/t gold. La Mamita is a grassroots to early exploration stage project.

Geographical Spread

Peru & Canada

Board of Directors and Key Management

Management:

Mr. Don Currie - President, CEO, and Director

Mr. Cary Pothorin, B.Sc. P.Geo - Vice President of Exploration

Mr. Ralph Stricklen, B.Sc. (Met. Eng.) - Chief Operating Officer

Mr. Wan Jung, CGA - Chief Financial Officer

Board of Directors:

Mr. Michael Scholz, B.Com. LL.B. - Chairman

Mr. Victor L. McCall, B.B.A J.D. - Director

Mr. Jody Dahrouge, B.Sc. P.Geol. - Director

Mr. Donald Gee, B.Sc. C.A. - Director

Advisory Board:

Dr. Barry W. Smee, B.Sc. Ph.D. P.Geo

Mr. Malcolm J.A Swallow, B.Sc. (Honours) FIMMM P.Eng.

Mr. Patrick McAndless, B.Sc. (Honours), P. Geo

Company Address Suite 1601, 700 West Pender Street Vancouver, British Columbia, Canada V6C 1G8 Telephone: Free (877) 646-0067 Facsimile: (604) 646-0640 Email: info[at]acero-martin.com Website: http://www.acero-martin.com

Annual General Meeting June 6, 2008

Year End December 31

Broker/Analyst Reports

10/03/08 - Vicarage Capital

Related News

27/03/08 - Patience And Persistence Might Yet Pay Off For Acero-Martin On What May Be One Of Peru’s Richest Copper-Gold Porphyry/Skarn Deposits

Most Recent Statement

24/06/08 - Acero-Martin Exploration Launches New Website
13/05/08 - Acero-Martin Announces Corporate Update
17/04/08 - Acero-Martin Appoints Chief Geologist for Pinaya Gold-Copper Project, Peru
11/04/08 - Acero-Martin Exploration Appoints New President And CEO
02/04/08 - Acero-Martin Announces Closing of First Tranche of Non-Brokered Private Placement
01/04/08 - Acero-Martin Drills 9.80 Meters of 2.28 G/T Gold within 27.00 M of 1.22 G/T Gold, Pinaya Project Peru