Advanced Explorations Inc.

Advanced Explorations Inc.

January 10, 2007 08:45 ET

Advanced Explorations Inc. Announces New Director and Financing Along With Update on New Business Opportunities

TORONTO, ONTARIO--(CCNMatthews - Jan. 10, 2007) - Advanced Explorations Inc. (the "Company") (NEX BOARD:AXI.H) is pleased to announce that in addition to Advanced Explorations Inc. (AEI) current business activities, AEI has entered into formal negotiations with a company to Joint Venture a significant mineral property located in Northern Canada. Discussions have progressed that a MOU (memorandum of understanding) may be forthcoming in the near future. AEI advises that there is no certainty that a deal will be reached.

AEI will be closing a private placement of $200,000 comprised of 1,000,000 common shares at $0.20 with a full 1,000,000 warrants at $0.25 valid for one year from date of closing with a 4 month hold period on the securities.

Gary Williams, President, would like to formally announce the appointment of Mark Gossin, C.A., to the position of CFO & Director. Mark's financial expertise will assist AEI in its' ongoing daily business ventures & help evaluate new opportunities. The Board would also like to thank Lyndon Bradish, for his past services & his assistance who has resigned from the Board of Directors. The Board wishes Mr. Bradish all the best in his personal & other corporate endeavours.

About AEI

Advanced Explorations Inc. has been developing a strategy to leverage its expertise and use of leading-edge technologies to develop business opportunities within the petroleum and mineral exploration industries. Using AEI, exploration companies can reduce the time involved evaluating high-potential, and high-risk, targets in heretofore-unrealized sites around the world. Shares of the Company are listed for trading on the NEX board of the Toronto Stock Exchange under the symbol "AXI-H". There are 8,880,677 shares issued and outstanding.

This news release 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.

The TSX Venture Exchange has in no way passed upon the merits of the proposed transaction and has neither approved nor disapproved the contents of this press release.

Contact Information

  • Advanced Explorations Inc.
    Gary Williams
    (416) 570-0629