Advanced Explorations Inc.

Advanced Explorations Inc.

February 28, 2005 10:40 ET

Advanced Explorations Inc. Announces Agreements on Hyperspectral Technology


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: ADVANCED EXPLORATIONS INC.

TSX VENTURE SYMBOL: AXI.H

FEBRUARY 28, 2005 - 10:40 ET

Advanced Explorations Inc. Announces Agreements on
Hyperspectral Technology

TORONTO, ONTARIO--(CCNMatthews - Feb. 28, 2005) - The Board of Directors
of Advanced Explorations Inc. (TSX VENTURE:AXI.H) is pleased to announce
that, on February 14 2005, the company signed a Memorandum of
Understanding (MOU) with Earth Search Sciences Inc. (ESSI) located in
Montana, U.S.A. and Geologic Business Solutions Inc. (GBSI) of Toronto,
Ontario. This MOU relates to the formation of a Joint Venture between
the parties and the rights of Advanced Explorations Inc. (AEI) to
acquire access and rights to a Probe-1 hyperspectral instrument and
database from ESSI, and access to the hyperspectral expertise of GBSI
(subject to Exchange approvals in Canada and the USA). The company will
utilize this combination of hyperspectral imaging technology and unique
technical expertise related to the application of hyperspectral
technology to mineral exploration in order to generate revenues and
secure equity positions in emerging exploration regions worldwide.

AEI is currently being reactivated as a technology-based company, with a
focus on providing these technologies to the global mineral exploration
industry. Currently, AEI is in discussion with a number of companies
with a strategy to provide a unique set of technological capabilities to
the mineral industry. Shareholders will be advised if and when any
progress or decisions are reached.

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.

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Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    Advanced Explorations Inc.
    Gary Williams
    President/CEO AEI
    (416) 570-0629
    or
    Earth Search Sciences Inc.
    Larry Vance
    President/CEO ESSI
    (406) 751-5200
    or
    Geologic Business Solutions Inc.
    John Gingerich
    President/CEO GBSI
    (416) 570-3250
    The TSX Venture Exchange has neither approved nor disapproved the
    information contained herein and does not accept responsibility for the
    adequacy or accuracy of this release.