Advanced Explorations Inc.
TSX VENTURE : AXI

Advanced Explorations Inc.

March 13, 2008 07:00 ET

Advanced Explorations Intersects 176m Grading 31% Fe

TORONTO, ONTARIO--(Marketwire - March 13, 2008) - Advanced Explorations Inc. (TSX VENTURE:AXI)(the "Company or AEI") is pleased to announce additional results from drilling on Zone C1 on its Roche Bay, Nunavut iron project. Drilling results confirm the previously reported higher grade mineralization of Zone C1 and expands the potential of the footwall iron formations (see Table 1). Results continue to improve upon the historical work and the Company will soon commence a very aggressive program to rapidly determine the potential scale of the project. The 2008 drill campaign is expected to start in early April with initially 2 drills and expanding to 5 drills as soon as possible.

John Gingerich, President and CEO of AEI, commented;

"We continue to be pleased with the progress on the Roche Bay iron ore project. This year's drill campaign is expected to substantially enhance and expand upon last year's program. These results will be continuously integrated into the resource calculation and economic study currently underway."

The objective of this year's campaign is to drill up to 30,000 metres to provide additional information for the resource study. The bulk of the drilling will be allocated to testing Zone C1 which is a vertical to east dipping sequence of banded iron formation. The Company will also drill test Zones A, and B. The A and B Zones were the focus of drilling and economic studies in the mid 1980s. At that time (1984) the A-B Zones reported a historic resource(ii) of 467 million tons ranging from 24% to 34% Fe.



Table 1: Drilling Summary

---------------------------------------------------------------------------
Hole Section Dip Iron Fm Iron Fm Interval % Fe Comment
(from) m (to) m (m)
---------------------------------------------------------------------------
RB-07-10 4200 -90 degrees E 8 117.5 109.5 26.42 C1 -
footwall
---------------------------------------------------------------------------
277.3 309.7 32.4 31.9 C1 -
footwall
---------------------------------------------------------------------------
RB-07-25 1800 -45 degrees E 82.3 191.7 109.4 26.25 Zone C1
---------------------------------------------------------------------------
82.3 115 32.7 31.3 Zone C1
---------------------------------------------------------------------------
RB-07-29 2200 -45 degrees E 10.2 113.9 103.7 30.58 Zone C1
---------------------------------------------------------------------------
135 166 31 31.47 Zone C1
---------------------------------------------------------------------------
195.3 257 61.7 25.26 Zone C1
---------------------------------------------------------------------------
RB-07-31 1400 -45 degrees W 19 233 214 29.3 Zone C1
---------------------------------------------------------------------------
19 195 176 30.98 Zone C1
---------------------------------------------------------------------------
RB-07-34 1400 -45 degrees W 209 244 35 28.4 Zone C1
---------------------------------------------------------------------------
No significant results; RB-07-13, RB-07-22, RB-07-33, RB -07-35, and
RB-07-36


Gary Williams P. Geo and VP of Advanced Explorations Inc. is the QP within the meaning of 43-101, and has reviewed and approves 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 are 1 metre except where intervals cross geologic boundaries in which case the sample length is adjusted accordingly.

(ii)Historical Information: The potential quantity and grade is conceptual in nature as there is insufficient exploration to define a mineral resource. This historical tonnage estimate is not a mineral resource estimate as defined in sections 1.2 and 1.3 of NI43-101 and cannot be relied upon and accordingly no claim under NI43-101 is made.

ON BEHALF OF THE BOARD

John Gingerich, President & CEO

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 located proximal to a natural harbour 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 www.Advanced-Exploration.com.

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.

Contact Information