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

Advanced Explorations Inc.

July 22, 2008 11:46 ET

Advanced Explorations Inc. Extends C-Zone by 800m

TORONTO, ONTARIO--(Marketwire – July 22, 2008) - Advanced Explorations Inc. (TSX VENTURE:AXI.H)(NEX BOARD:AXI.H)(TSX VENTURE:AXI) (the "Company or AEI") is pleased to announce new results from Zone C1 drilling on its Roche Bay iron project in Nunavut. The Company has now completed 11 holes along an additional 800 metres of strike north of the 2007 drilling. Drilling to the south of the main zone has provided further delineation while drills currently focus on definition drilling on the main zone.

Preliminary results have been received from 8 holes drilled to the south and north of the main zone. Hole RB-08-45 has returned a 92.6 metre interval averaging 28.6% Fe consistent with last year's drilling in this area. Drilling on lines 11400N and 11600N indicate the C Zone pinches to approximately 100 metres, but maintains grade. Drilling on lines 13200N and 13400N located further north of the 2007 drilling indicates the mineralization feathers into a number of narrow zones but also retains grade (33.8m @ 33.3% Fe in hole RBC-08-47).

The Company is currently drilling the area between 11600N and 13200N where 2007 drilling defined a zone of higher grade mineralization with widths at surface up to 300 metres. In addition to this definition drilling the company plans to start drilling the A and B zones where all but one hole of the 1980's drilling was focused. This area has extensive bedrock exposure and is closer to the ocean than the C Zone.

John Gingerich, President and CEO of AEI, commented;



"Drilling has confirmed the results of the 2007 drilling and has
extended mineralization approximately 800 metres to the north. The
mineralized zones are thinner but where results have been received
the grades have exceeded 30% Fe. So far, drill results have been
as expected or better. The upside of the project will be revealed
as we start drilling the A and B Zones and extend the C Zone to
the south."


ON BEHALF OF THE BOARD

John Gingerich, President & CEO

Analysis: All the recent drill core analysis reported in this release was performed by SGS Lakefield Research. At SGS, samples are analyzed for total Fe using XRF techniques. SGS also undertakes Satmagan analysis to estimate the portion of magnetic iron. The company augments the laboratory QA/QC procedures by selectively adding additional control samples. Core sample intervals for 2007 were 1 metre and increased to 2 metres in 2008 except where intervals cross geologic boundaries in which case the sample length is adjusted accordingly.

New Grid: The Company has redefined the exploration grid as part of the engineering studies. The line coordinates (east-west) remain the same but the line sections have been transformed to eliminate a grid south reference. All previous grid lines have been increased by 14,400 metres (e.g. previous line 2800S now 11600N).

Summary of results



-------------------------------------------------------------------------
Hole Line Dip Iron Iron Interval % Fe Comment
N Fm Fm (m)
(from) (to)
m m
-------------------------------------------------------------------------
RBC-08-41 13200 -50 6.5 61.2 54.7 27.90 Edge C1
-------------------------------------------------------------------------
183.2 224.3 41.1 23.70 Footwall BIF
interval from 92
to 224m
-------------------------------------------------------------------------
RBC-08-42 11600 -50 144.6 221.9 77.3 26.10 Diked out
undercuts 40 and
44
-------------------------------------------------------------------------
RBC-08-43 13200 -50 106.2 156.3 50.1 27.60 undercuts 41
-------------------------------------------------------------------------
278.7 303.2 24.5 29.50 Footwall within a
BIF interval from
215 to 365m
-------------------------------------------------------------------------
326.2 365 38.8 25.80
-------------------------------------------------------------------------
RBC-08-44 11600 -50 59.3 100.4 41.1 28.20 Footwall within a
BIF interval from
7 to 118m
-------------------------------------------------------------------------
RBC-08-45 11400 -45 3.7 96.3 92.6 28.60 C1 (west edge)
-------------------------------------------------------------------------
3.7 43.7 40 31.52
-------------------------------------------------------------------------
RBC-08-46 13400 -45 86.6 112.6 26 30.80 within a BIF
interval from 5
to 112m
-------------------------------------------------------------------------
RBC-08-47 13400 -45 245.5 279.3 33.8 33.30 undercuts 46
-------------------------------------------------------------------------
RBC-08-48 11400 -50 150.7 269 118.3 27.80 C1
-------------------------------------------------------------------------
RBC-08-49 13400 -50 126.6 150.8 24.2 31.60 Footwall within a
BIF interval from
66 to 197m
-------------------------------------------------------------------------
178.3 197 18.7 33.30 undercuts 46 and
47
-------------------------------------------------------------------------


Gary Williams P. Geo and VP of Advanced Explorations Inc is the QP within the meaning of 43-101, and has reviewed and approved the content of this release.

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.

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.

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

Contact Information

  • (416) 203-0057 x226