BH 48 has intersected identical stratigraphy and
structures in the cover rocks to those occurring in the area of the
Witwatersrand Basin. Those holes
intersected un-mineralized lower Witwatersrand stratigraphy in an area
where upper Witwatersrand stratigraphy is not preserved.26% Cu, and
0. Gee's past positions were Chief
Financial Officer for a TSE listed gaming company and financial advisor to a
national aerospace company. Currently the
Company has two gold projects: Red Mountain in the Yukon Territories and the
Pinaya Project in southern Peru.

zereko ventec

Therefore, no assurance can be given that any
size of reserves or grades of reserves will be realized.
The cost of exploration and exploitation can be extensive and
there is no assurance that we will have the resources necessary or the
financing available to pursue projects we currently hold interests in
or to acquire interests in other mineral exploration projects that may
become available.

Drilling Begins at Acero-Martin's Pinaya Project and Corporate Update

It is anticipated that up to 12 diamond
drill holes will be completed over the next three months.
The Company also wishes to announce that it has appointed Jeffrey Reeder,
Professional Geoscientist, President and Chief Executive Officer of the
Company.

, crushing, screening, washing,
and flotation), and other preparation customarily performed at the mine
site, or as a part of mining activity.

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The aim of continued
drilling will be of intersecting any gold mineralization that may be
developed within any of the Witwatersrand stratigraphy that may be
intersected as the drillhole progresses .com

Forward-Looking Statements and Risk Factors

Certain statements contained in this press release that are
forward-looking in nature are based on the current beliefs and
assumptions of our management. In addition, exploration has
revealed coincident geophysical and geochemical anomalies associated with the
open cut exceeding one kilometer in strike length.

About Acero-Martin Exploration Inc.

drilling drillers

Moreover, we cannot make any estimates regarding
probable reserves and mineral resources in connection with any of our
projects and any estimates relating to possible reserves are subject
to significant risks. Symbol: ASD (TSX-V)

BURNABY, BC, March 22 - Acero-Martin (the
"Company") is pleased to announce that drilling has recommenced on its Pinaya
Project, located in southern Peru.
Vern Arseneau, P.

geotechnics reamers

"I have long believed in the academic
research and the years of effort to prove this research in a living
laboratory. Drilling will be completed by GeoDrill S. The company
will also amplify its program of surface sampling over those anomalies, in
order to bring them to drill ready status.

drilling auger

witsbasin.
The Company will also continue the geophysical program, in order to
better define the IP anomalies that are still open along strike. Mr.

pipefreezing drillers

naics hydrogeological

(OTCBB:WITM ) is pleased to report on further drilling
results provided by the operator at the FSC Witwatersrand gold project
in South Africa. If a
discovery is made, the mineral deposit discovered, assuming
recoverable, may differ from the reserves and mineral resources
already discovered and recovered by others in the same region of the
planned areas of exploration. Reeder graduated with a bachelor of science in geology from the
University of Alberta and is a professional geologist with over 17 years
experience in all facets of mineral exploration.

coring mined

AfriOre has informed us that drilling has progressed
to a depth of 1,867 meters in Drillhole BH 48 and has produced
encouraging results . Wits
Basin's common stock trades on the Over-the-Counter Bulletin Board
under the symbol "WITM . Induced Polarization (IP) geophysical surveys indicate
that a porphyry system may underlay the valley to the southeast and east of
the open cut.

casing auger

This sidewall issue
will be repaired prior to continuing drilling.A of Arequipa.14 g/t Au, 0. Mr.

On Behalf of the Board:

"Jeffrey Reeder "
Jeffrey Reeder, President and Director

The TSX Venture Exchange does not accept responsibility for the adequacy
or accuracy of this release

ACERO-MARTIN EXPLORATION INC.

The Mining and Drilling sector comprises industries and companies involved
in extracting naturally occurring mineral solids, such as coal and ores;
liquid minerals, such as crude petroleum; and gases, such as natural gas.

naics unep

Drilling will step out over
a distance of 300 and 400 meters northerly from the eight holes completed in
December, 2003.
-----------------------------------

Acero-Martin Exploration Inc.

mined reamers

Wits Basin is a minerals exploration company which holds interests
in three gold and one base metal exploration project and currently
does not claim to have any mineral reserves on any project.Geo, are the qualified persons,
under National Instrument 43-101 for the Pinaya project , and are supervising
the quality-control and quality-assurance program. Reeder has worked
extensively throughout North and South America.

wireline coring

Business Editors

MINNEAPOLIS----Wits Basin Precious
Minerals Inc.

About Wits Basin Precious Minerals Inc. Each of the holes
will be between 200 and 350 meters in depth, for an estimated total of 3,500
m.
Donald Gee will assume the role as Chief Financial Officer.

drilling wireline

The second target is the northwesterly extension of the gold
mineralization where prior drilling had intersected significant gold
mineralization, such as in PDH-01, with 31 m of 4.

customarily pipefreezing

When used in this press release, the
words "may," "could," "should," "anticipate ," "believe," "estimate,"
"expect," "intend," "plan," "predict," and similar expressions and
their variants may be used to identify forward-looking statements.

coring bore

The first is a copper-
gold porphyry system that is believed to underlay the surface mineralization
observed at Pinaya.92 g/t Ag (see News dated February 16, 2005). Mr.

pipefreezing drillers

Wits Basin Announces on the Progress of Drilling Operations and the Discovery of Identical Cover Rocks to Those Located in the Witwatersrand Basin

" Wits Basin is headquartered in Minneapolis,
MN with an office in Toronto, ON. These statements are subject to
known and unknown risks and uncertainties that may cause actual future
experience and results to differ materially from the statements made.
These statements are based on our current beliefs and expectations as
to such future outcomes.

Gee has
over 25 years experience as a Chartered Accountant in private and public
company management and consulting.

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ventec cryotechnology

For more information, visit the
company's web site at: http://www. While the discovery of a mineral deposit may result in
substantial rewards, few properties are ultimately developed into
producing mines.

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

geotechnics auger

Geo, and James McCrea , P. He is a member of the Chartered Accountants of BC
and a member of the Canadian Institute of Mining and Metallurgy.

bevroren hydrogeological

"

Ongoing drilling and sidewall reinforcements

The encouraging results in BH 48 warrant further drilling at the
project.
PO Box 43050 Burnaby, BC Canada V5G 3H0
Telephone: (604) 618-3433 Fax (604) 291-9926

g.

pipefreezing quarrying

BH 48 is located some 25 kilometers from the nearest holes which
were drilled previously by other exploration companies.
"This is the progress for which we have long held our hopes," said
Vance White, CEO of Wits Basin.

Industries and companies involved in Oil and Gas extraction are listed
under Business/Energy_and_Environment /Oil_and_Gas/


(Source: This category description is based on the North American Industry Classification System (NAICS), 1997).

unep casing

Such statements are valid only as of today, and we disclaim any
obligation to update this information.
The drilling will concentrate on two main targets . Mr. is an exploration company, which is focused
in locating and defining economic precious metals deposits.

coring quarrying

The
geophysical interpretation for the prospecting area on which BH 48 was
sited indicates the possible presence of a more complete succession of
upper Witwatersrand stratigraphy, which hosts the mineralized gold
reefs in the Witwatersrand Basin. Currently, consultants are assisting AfriOre in rectifying a
sidewall problem close to the base of the hole. The risks are numerous and detailed information
regarding these risks may be found in filings made by us with the
Securities and Exchange Commission, including our most recent annual
report on Form 10-K, quarterly reports on Form 10-Q and reports on
Form 8-K.

dredging drilling

Finding good solid geology is positive, but to find the
identical rock structure as those which host the cover rocks is a
tremendous discovery.
The exploration for and development of mineral deposits involves
significant financial risks, which even experience and knowledge may
not eliminate, regardless of the amount of careful evaluation applied
to a process.

quarrying , well operations, beneficiating (e.

hydrogeological mined

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- - kjjkjk

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