Advanced Explorations Inc.

Advanced Explorations Inc.

September 26, 2008 08:30 ET

Advanced Explorations Inc. Reports Further Drill Results

TORONTO, ONTARIO--(Marketwire – Sept. 26, 2008) - Advanced Explorations Inc. (TSX VENTURE:AXI.H)(NEX BOARD:AXI.H)(TSX VENTURE:AXI) (the "Company or AEI") is pleased to announce new assay results from drilling on its Roche Bay project in Nunavut, Canada. During the 2008 drill program, which is now complete, 16,505 metres of NQ sized core was drilled along nearly five kilometres of strike length on the C Zone Banded Iron Formation "BIF" structure.

Of the 52 holes drilled in 2008, the company has received complete assays on 37 holes. Drill-hole RBC-08-67, drilled on section 11100N, has intersected a 153 metre interval of BIF averaging 27.3% iron which includes several subintervals of higher grade mineralization (e.g. 26 metres of 33.14% Fe). In addition, complete assays have now been received for drill hole RBC-08-60, drilled on section 11200N. Please see the attached table for current drilling details.

John Gingerich, President & CEO of AEI, commented;

"We are pleased with our recently completed 2008 exploration program.
All key objectives were met in a safe and timely manner, and we are
especially pleased with the performance of all our employees and
contractors alike. The technical detail we gained from this year's
program will allow the company to make key strategic decisions with
respect to the potential development options currently being
investigated as part of the economic studies underway."

A surface mapping program was also completed through the main section of the C Zone which will assist in geological interpretation. Prior to the completion of this year's drill campaign, two holes were collared and completed on the A & B Zone located about 4.5 km NE of the C Zone. Hope is that these results will help calibrate drilling undertaken in the 1980s allowing the company to obtain resource information from the historical results. An initial evaluation by Golder Associates was unable to extract sufficient resource information, and no claim to a resource could be made.


John Gingerich, President and CEO

Hole Line Coordinate Dip Azimuth From To Interval % Fe
Number (N) (E) (m) (m) (m)
RBC-08-60 11200 1032 -65 305 60.5 89.1 28.6 28.34
(i) (i) including (i) (i) 69.0 89.1 20.1 31.37
RBC-08-60 11200 1032 -65 305 254.1 525.7 271.6 25.25
RBC-08-65 13600 900 -70 305 68.3 157.2 88.9 25.57
(i) (i) including (i) (i) 68.3 84.0 15.7 31.62
RBC-08-66 9400 775 -50 305 81.7 249.0 167.3 26.0
(i) (i) including (i) (i) 140.0 160.0 20.0 33.49
RBC-08-67 11000 950 -45 305 48.2 201.2 153.0 27.3
(i) (i) including (i) (i) 68.0 94.0 26.0 30.84
(i) (i) including (i) (i) 120.0 146.0 26.0 33.14
(i) (i) including (i) (i) 170.0 184.0 14.0 33.35
RBC-08-68 10400 800 -55 305 10.1 134.5 124.4 23.36

Partial results from holes RBC-08-60 and 65 were reported on Sept 4,

2008; current results show the complete BIF intervals for these holes.

Results for hole RBC-08-68 (above) are partial, with analyses still

pending for an interval of BIF at the bottom of the hole.

Gary Williams, P. Geo and VP of Advanced Explorations Inc. is the QP within the meaning of 43-101 and has reviewed and approved the content of this release.

Analysis: All the recent drill core analysis reported in this release was performed by SGS Lakefield Research. At SGS samples are analyzed for total Fe using XRF techniques. SGS also undertakes Satmagan analysis to estimate the portion of magnetic iron. The company augments the laboratory QA/QC procedures by selectively adding additional control samples. Core sample intervals for 2007 were 1 metre and increased to 2 metres except where intervals cross geologic boundaries in which case the sample length is adjusted accordingly.

ABOUT Advanced Explorations Inc.

AEI, based in Toronto, Canada, is exclusively focused on developing high quality iron ore opportunities. In early 2007 the Company 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 which was acquired in June, 2007, as well as develop new opportunities in the area and globally. The Roche Bay magnetite project is located proximal to a natural harbour which 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. For more information please visit

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.


Contact Information

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