Advanced Explorations Inc.

Advanced Explorations Inc.

December 04, 2007 11:26 ET

Advanced Explorations Inc. Announces Management Changes

TORONTO, ONTARIO--(Marketwire - Dec. 4, 2007) - Advanced Explorations Inc. (TSX VENTURE:AXI) (the "Company") is pleased to announce the addition of Joseph Chiummiento and Lou Nagy to the Management team. Joseph Chiummiento will serve as Corporate Secretary and continue to provide supplemental legal services to the Company. Lou Nagy C.A. will replace Mark Gossin as the Company's CFO. Mark Gossin will remain on the Board where he will continue to focus on the financial aspects of the Company's operation and work will Lou as a member of the Audit Committee.

Joseph Chiummiento is a member of the Law Society of Upper Canada and was called to the Bar in Ontario. He has previously served as General Counsel to Epsilon Energy Ltd. a junior resource company, and brings with him the background and experience in matters of business law which the Company believes will serve to enhance its governance practices. The Company has utilized Mr. Chiummiento over the last several months to augment its legal efforts on a number of fronts and looks forward to having Joseph join the Company's management team.

Lou Nagy C.A. currently serves as CFO for BacTech Mining Corporation and Golden Odyssey Mining Inc. Mr. Nagy's experience in the junior mining sector is seen as a significant asset as the Company prepares for and plans to ramp up activities early in 2008.

John Gingerich, AEI President and CEO, commented:

"The Company is committed to continuous improvement. With the addition of Joseph and Lou to our management team we hope to strengthen our Board governance and financial practices."


John Gingerich, President & CEO

ABOUT Advanced Explorations Inc.

AEI, based in Toronto, Canada, has been developing a strategy to leverage its expertise and experience in identifying business opportunities within the Resource sector. The company has recently 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, as well as develop new opportunities in the area and globally. The Roche Bay magnetite project located proximal to a natural port 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.

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.

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