Advanced Explorations Inc.
TSX VENTURE : AXI.H
NEX BOARD : AXI.H
TSX VENTURE : AXI

Advanced Explorations Inc.

April 14, 2008 10:58 ET

Advanced Explorations' Drill Campaign Underway

TORONTO, ONTARIO--(Marketwire - April 14, 2008) - Advanced Explorations Inc. (the "Company or AEI") is pleased to announce that drilling is ready to commence on the Roche Bay project. The Company will start with two drills and expand to 5 drills as weather permits. The objective is to drill up to 30,000 metres this season. Most of the drilling will concentrate on further developing the strike extent of the C1 zone which was the focus of last year's program. In addition, the company will dedicate two drills on the northeastern claim lease where most of the drilling in the 1980s was completed.

The Company expects to airlift approximately 200,000 lbs of additional gear in the next few weeks in support of this year's program. Despite the substantial amount of gear and supplies brought in by sealift last year, the scope of this year's program has necessitated the additional support.

John Gingerich, President and CEO of AEI, commented;

"This year's drill campaign supports the detailed engineering study being led by MAN Ferrostaal. We are expecting preliminary economic assessment results to be available this summer and a more detailed pre-feasibility to be completed at the end of the season. The results we have obtained to date have met or exceeded our expectations and, accordingly, we have responded with an aggressive program in order to rapidly advance the project towards being able to make an economic decision."

ON BEHALF OF THE BOARD

John Gingerich, President & CEO

Tel: 1-416-203-0057

ABOUT Advanced Explorations Inc.

AEI, based in Toronto, Canada, is exclusively focused on developing high quality iron ore opportunities. In early 2007 the Company expanded its capabilities in iron ore exploration and development with the acquisition of strategic management personnel. AEI has the management, technical and exploration expertise and experience to rapidly advance the Roche Bay magnetite project, which was acquired in June 2007, as well as, to develop new opportunities in the area and globally. The Roche Bay magnetite project is located proximal to a natural harbour which makes it potentially one of the world's premier iron ore opportunities. Shares of the company trade on the TSX Venture Exchange under the symbol AXI. For more information please visit www.Advanced-Exploration.com.

THE TSX VENTURE EXCHANGE HAS NEITHER APPROVED OR DISAPPROVED OF THE CONTENTS HEREIN.

This news release also includes forward-looking statements that involve a number of risks and uncertainties. The information reflects numerous assumptions as to industry performance, general business and economic conditions, regulatory and legal requirements, taxes and other matters, many of which are beyond the control of the company. Similarly, this information assumes certain future business decisions that are subject to change. There can be no assurance that the results predicted here will be realized. Actual results may vary from those represented, and those variations may be material.

This news release does not constitute an offer to sell or a solicitation of an offer to sell any of securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

Contact Information

  • Advanced Explorations Inc.
    John Gingerich
    President & CEO
    (416) 203-0057