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VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 17, 2010) - Acero-Martin Exploration Inc. (TSX VENTURE:AMG)(FRANKFURT:AMX) ("Acero-Martin or the "Company") announces that further to it news releases dated March 29, 2010, and April 5, 2010, it has received final TSX Venture Exchange approval and has closed its 1,500,000 Flow-Through Unit private placement at 22 cents per Unit, raising gross proceeds of $330,000 and issuing a total of 1,500,000 flow-through common shares of the Company ("Share") to its placees at $0.22 per share and issuing 1,500,000 flow-through warrant certificates for 1,500,000 Flow-Through Warrant Shares ("Warrant").

Each Warrant is exercisable into one flow-through common share at $0.30 per share expiring 24 months from the closing date; resulting in the further issuance of 1,500,000 flow-through common shares should all the Warrant Shares be exercised pursuant to the placement. 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. A finder's fee of cash was paid representing 5% of the total gross proceeds raised.

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.