Advanced Explorations Inc.

Advanced Explorations Inc.

January 04, 2007 07:00 ET

Advanced Explorations Inc. Announces Extension of Licensing Agreement for Leading Edge Petroleum Exploration Technology

TORONTO, ONTARIO--(CCNMatthews - Jan. 4, 2007) - Advanced Explorations Inc. (the "Company") (NEX:AXI.H) is pleased to announce a six month extension of the Licensing Agreement ("the Agreement") with Laser Diagnostics Instruments International Inc. ("LDI3") of Ottawa, Ontario, effective Dec 31, 2006. This Agreement provides exclusive worldwide rights to AEI for oil exploration use of the laser technology developed by LDI3. Incorporating this technology into the Company is consistent with AEI's corporate strategy to provide high tech exploration tools to the resource sector.

Identifying high-potential exploration targets, either in the mineral or oil exploration sectors, is a key component of AEI's business plan of identifying previously unrecognized opportunities within the most encouraging areas worldwide. This will put the company in a more competitive position to acquire property portfolios in strategic domains, or enter into selective partnerships to jointly pursue project acquisitions.

About AEI

Advanced Explorations Inc. is a high-tech service company providing leading-edge technologies to the global 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