Advanced Explorations Inc.
TSX VENTURE : AXI
FRANKFURT : AE6

Advanced Explorations Inc.

January 14, 2010 08:45 ET

Robert Collette Joins Advanced Explorations' Board

TORONTO, ONTARIO--(Marketwire - Jan. 14, 2010) - Advanced Explorations Inc. (the "Company" or "AEI") (TSX VENTURE:AXI)(FRANKFURT:AE6) is pleased to announce the appointment of Mr. Robert Collette to its board of directors. Mr. Collette is a well-known and reputable Canadian public servant with a distinguished 37 year career with the Department of Foreign Affairs and International Trade Canada (DFAIT), as well as, other federal public service sectors.

John Gingerich, President and CEO, commented:

    "We are extremely pleased to have someone of Mr. Collette's caliber join our Board. A distinguished Canadian, he brings valuable experience and knowledge in senior international financing/business and the operations of Governments. Mr. Collette will be an important resource in helping guide the Company as it moves forward in the development and permitting of its Nunavut, iron ore project. In particular, his experience and contacts in key international markets add an important dynamic to our partnership options".

Mr. Collette's career culminated with his most recent appointment to the Swiss Federal Council with concurrent accreditation to the Principality of Liechtenstein in 2005. In addition to his appointment as Ambassador to Switzerland and Liechtenstein, Mr. Collette was also: Canada's Chief of Protocol; Personal Representative of the Prime Minister of Canada for La Francophonie; Canada's Ambassador to the Philippines; Minister (Commercial) and Deputy Head of Mission, Canadian Embassy, Beijing, China; DFAIT's Director, Africa and Middle East Trade and Investment; DFAIT's Director, Investment and Science and Technology; and DFAIT's Deputy Director, Western Europe Trade, Investment and Science and Technology.

Mr. Collette's professional career included the following highlights: Seven years as Canada's Ambassador to the Philippines and Switzerland; Two Years as Canada's Chief of Protocol; Fourteen years as a Trade Commissioner; Ten years with the Canadian International Development Agency (CIDA), including two postings in Kuala Lumpur and Yaounde; 18 years of experience living and working 'on-the-ground', in developing and developed countries (Malaysia, Cameroon, China, Philippines, Switzerland and Italy); and, Extensive experience as a Manager of human and financial resources.

Advanced Explorations will be attending the Cambridge House Resource Investment Conference in Vancouver from January 17-18, 2009 (Booth H81, Hyatt Regency Hotel, 3rd floor).

The Company also wishes to announce that Daniel Botes has resigned from the board of directors. Advanced Explorations expresses sincere thanks to Mr. Botes for his service. These Board changes are part of the ongoing process of moving towards greater representation of independent Directors.

The appointment of Mr. Collette to the board of directors is subject to TSX Venture Exchange approval.

ON BEHALF OF THE BOARD
John Gingerich, President & CEO

ABOUT Advanced Explorations Inc.

Advanced Explorations Inc., based in Toronto, Ontario, is a resource development company focused on developing high quality iron ore opportunities. With the option to earn a 100% interest in the Roche Bay Magnetite Project located on the Melville Peninsula in Nunavut, Canada, AEI plans to produce high quality granulated pig iron (nuggets) from the 357 million tonnes inferred resource of the project's C-Zone. Led by an experienced management team with technical, exploration and mining expertise the company has the capabilities to rapidly advance the Roche Bay Project and explore other local and global opportunities. Shares of the company trade at the TSX Venture Exchange (AXI) and at the Frankfurt Stock Exchange (AE6). 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 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.

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED WITHIN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

Contact Information

  • Advanced Explorations Inc.
    (416) 203-0057 x226