Advanced Explorations Inc.
TSX VENTURE : AXI

Advanced Explorations Inc.

June 08, 2007 09:38 ET

Advanced Explorations Inc. Announces New Board Member

TORONTO, ONTARIO--(Marketwire - June 8, 2007) - Advanced Explorations Inc. (the "Company" or "AEI") (TSX VENTURE:AXI) is pleased to announce the appointment of Mr Daniel Botes to the Board of Directors. Mr. Botes who is part of the corporate management team serves as the Company's Chief Operating Officer (COO). The depth of iron ore knowledge and experience that Mr. Botes brings to the Board is an important step in the reshaping of the Company's focus on iron ore exploration and development.

The Company also announces the grant of 450,000 options at the exercise price of $1.25 effective June 7, 2007 exercisable for a period of 5 years.

ON BEHALF OF THE BOARD

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 with the acquisition of strategic management personnel. AEI has the technological and exploration expertise to assist advancement of the Roche Bay iron ore project, as well as develop new opportunities in the area and globally. Shares of the company trade on the TSX board of the Toronto Stock 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.

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

Contact Information

  • Advanced Explorations Inc.
    John Gingerich
    President & CEO
    (416) 570-3250