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

Advanced Explorations Inc.

April 16, 2008 08:30 ET

Advanced Explorations Inc. Announces New Board Members

TORONTO, ONTARIO--(Marketwire - April 16, 2008) - Advanced Explorations Inc. (the "Company" or "AEI") is pleased to announce the appointment of two new members to its Board of Directors, the Hon. Robert P. Kaplan and James Doak. Both Messrs. Kaplan and Doak are well known and respected members of the international corporate community. They will bring a wealth of international business skills and experience to AEI which will be a valuable resource to draw upon in moving the company forward.

John Gingerich, President and CEO of AEI, commented;

"We are extremely pleased to be able to attract Directors of the calibre of Mr. Kaplan and Mr. Doak to our Board, as we are very committed to building a strong corporate management team. While we are moving forward on the Roche Bay project and investigating potential partnerships, their expertise and experience will certainly provide valuable guidance to AEI."

The Hon. Robert P. Kaplan, P.C., Q.C., B.A., LLB is a Toronto-based lawyer and businessman who has served as a corporate director on boards of public companies in mining, oil, gas, and real estate management listed on a number of Canadian and foreign exchanges. In his previous 25 year career as a Member of Parliament (Liberal) he represented Canada at the General Assembly of the United Nations and later served as a Cabinet Minister in the Governments of Rt. Hons. Pierre Elliott Trudeau and John Napier Turner. Mr. Kaplan was the Solicitor General of Canada, responsible for law enforcement and national security. He also served as the Honourary Consul of the Republic of Kazakhstan for the last 15 years, and for his francophone activities in Toronto was recently decorated as a chevalier of the Legion of Honour of France.

Since 2002, Jim Doak has been the President and Managing Partner of Megantic Asset Management Inc., a Toronto investment company. Mr. Doak is also a director and Chair at Khan Resources Inc., a director of Cascades Inc., and a director of Purepoint Uranium Ltd. Prior to that he has held positions such as President of Enterprise Capital Management Inc., director and vice-president of ScotiaMcLeod Inc., and director and vice-president of First Marathon Securities Inc. In addition, he was formerly a director of Petrokazakhstan (2000-2005), Spar Aerospace (1999-2001), and Superior Propane (1998-2000). In the non-profit sphere, he is the current President of L'Alliance Francaise de Toronto. He has also held positions as Chair of the Toronto French School and Chair of the Toronto Society of Financial Analysts.

ON BEHALF OF THE BOARD

John Gingerich, President & CEO

Tel: 1-416-570-3250

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 the Roche Bay iron ore project and 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, develop new opportunities in the area and globally. The Roche Bay magnetite project is located proximal to a natural harbor 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) 570-3250