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

Advanced Explorations Inc.

June 19, 2008 16:00 ET

Advanced Explorations Inc. Announces 7.5 Million Flow Through Financing

TORONTO, ONTARIO--(Marketwire - June 19, 2008) - Advanced Explorations Inc. (the "Company" or "AEI") is pleased to announce that subject to TSX approval it intends to raise $7,500,000 through a non-brokered private placement sale of 2,500,000 Flow Through common shares at $3.00 per share. The Company may pay a total commission of up to 10%, payable in cash and/or compensation warrants priced at $3.00 with a 1 year term.

John Gingerich, President and CEO of AEI, commented;

"We are very pleased to be able to arrange this additional financing that will allow us to expand upon this year's program and mobilize equipment and supplies in support of next years' program as well. Together with the Development Agreement made with Melville Capital Corporation, the additional flow through funds will give the Company the ability to execute an aggressive development strategy".

ON BEHALF OF THE BOARD

John Gingerich, President & CEO

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.
    (416) 203-0057 x226