Advanced Explorations Inc.
TSX VENTURE : AXI

Advanced Explorations Inc.

September 25, 2007 10:11 ET

AEI Moving Forward on Engineering Studies

TORONTO, ONTARIO--(Marketwire - Sept. 25, 2007) - Advanced Explorations Inc. (the "Company" or "AEI") (TSX VENTURE:AXI) is pleased to announce that the Company continues to deliver sound progress in the fast track program for the Roche Bay iron project. This program is designed to provide the necessary elements for an economic development decision within the next 26-30 months.

While AEI is able to leverage off the wealth of historical information on the project to implement what is essentially an "advanced exploration" program, the historical work does not meet current regulatory standards. Results delivered by the AEI program which meet today's requirements continue to validate previous studies and in a significant number of areas, enhance previous assumptions.

John Gingerich, AEI President and CEO, commented:

"Our primary objective is to complete a scoping/pre-feasibility study by the second quarter of next year and then move directly into a full feasibility study. At the same time we are carrying out additional activities typically linked to the feasibility phase. These include the bulk materials handling and ship-loading systems studies currently being conducted by Giddings Engineering. We are also into the second year of our baseline environmental studies which would normally be part of the mine permitting process.

Consequently, while AEI may not yet have a published resource, we are well on our way to defining our port facilities. This reflects our own faith in the strength of the evidence available to us to date."

The Company has engaged a number of contractors to help with its evaluation of the Roche Bay iron deposits. EBA Engineering (EBA) is in the second year of base line environmental studies and is also undertaking geotechnical and civil engineering studies. North Oceandynamics has completed bathymetry data collection of Roche Bay which will be used to support port design studies. Giddings Engineering as previously stated is to provide a report on the bulk materials handling and ship-loading.

AEI will be presenting a talk on the Roche Bay project at the upcoming EU Iron Ore Insights Conference in Berlin, Germany, October 10th to 11th, 2007.

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.

ON BEHALF OF THE BOARD

John Gingerich P. Geo, 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 deposit acquisition and exploration with the acquisition of strategic management personnel. AEI has the management, technical and exploration expertise and experience to rapidly advance the Roche Bay iron 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 one of the world's premier development 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.

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

Contact Information

  • Advanced Explorations Inc.
    John Gingerich P. Geo
    President & CEO
    (416) 203-0057