AXI

Advanced Explorations Inc. (the "Company" or "AEI") (TSX
VENTURE:AXI)(FRANKFURT:AE6) today announced that President & CEO John Gingerich
will be taking a temporary leave of absence for medical reasons. He is expected
to be on leave for a period of up to four months. During this time, John will
stay involved in the direction of the Company and will maintain all
responsibilities as Director of the Company to the extent practical. In the
interim, current AEI Director James Excell will serve as the Acting Chairman of
the Board, and Bernie Swarbrick, current VP Capital Projects, will serve as
Acting President during John's absence. Additionally, to provide a seamless
presence in China, AEI Director Eric Guo will take on a more active role
assisting AEI with the management of its extensive Chinese business
relationships. 


John Gingerich commented:

"It is in my best interest and that of AEI that I take this time to focus on my
health while James, Bernie, and the rest of our executive team continue to
execute our strategy. I have always been proud of the Team we have assembled and
have full faith in their abilities. Those Team members who have been working
closely with me on AEI's key initiatives are very capable, and the depth of
experience they bring to their roles is a significant asset to the Company. I am
committed to actively engaging in the business as my health permits and plan to
return to the role of President as soon as practical."


About James Excell

Mr. Excell is currently the Chief Executive Officer and Chairman of Abacus
Mining & Exploration Corporation (TSX VENTURE:AME) and has held the position
since July 2010. He has more than three decades of operating and major project
management experience in the mining industry having managed and developed some
of the world's premier mining projects in Canada, the United States and
Australia, including the Ekati Diamond Mine in the Northwest Territories where
he led the construction, commissioning and subsequent operation of the $700
million development of the Ekati Mine. He served as past Chairman of BHP
Billiton Diamonds Inc. and from 1999 to 2003, he was President and Chief
Operating Officer of Ekati Diamond Mine and BHP Billiton Diamonds Inc. In
addition to his outstanding industry experience, he is recognized for fostering
goodwill relations with government and aboriginal groups. He also serves as
director of the PDAC and on the Aboriginal Affairs Committee of the PDAC. 


About Bernie Swarbrick 

Mr. Swarbrick is a senior mining executive with a unique balance of operational
and project experience acquired through 25 years in the industry. Bernie was
instrumental in successfully completing the Roche Bay Feasibility Study during a
very difficult market, and worked closely with the technical teams from China.
Throughout his career, he has taken on roles of increasing responsibility within
both global and junior mining companies, including Falconbridge, Noranda,
Xstrata Nickel, SNC Lavalin, and Vale Inco. Bernie's breadth of experience
extends globally and across several diverse cultural and jurisdictional
environments including: New Caledonia, Australia, Madagascar, and Indonesia, in
addition to Canadian jurisdictions such as Quebec, Ontario, Manitoba, Nunavut
and Nunavik. Bernie's corporate philosophy is that success is achieved by
building strong teams, integrating core enterprise values, and promoting value
creation through strategic planning and risk management.


ON BEHALF OF THE BOARD 

James Excell, Acting Chairman 

All those seeking additional information are directed to contact Brendan Purdy;
416-203-0057 (ext 320).


ABOUT Advanced Explorations Inc. 

Advanced Explorations Inc., based in Toronto, Ontario, is a resource development
company focused on developing its Roche Bay and Tuktu Iron Ore Projects in one
of the world's largest developing iron ore districts, the Melville Peninsula in
Nunavut. The Ocean-based Roche Bay Project boasts an NI 43-101 compliant
resource estimate of over 500 million tonnes outlined within a small portion of
the potential 140 km of banded iron formation. A positive feasibility study for
the project's C Zone revealed a net present value of $642M on a base case 5.5
Mtpa start-up concentrate operation and substantial upside potential including
becoming a low quartile cost producer. To date, the Company has delineated over
1 billion tonnes of iron under NI 43-101 among its Roche Bay and Tuktu deposits
and continues to explore other targeted deposits in areas to the north, south
and west of Roche Bay. The management team has extensive technical, exploration
and Canadian Arctic mining expertise to effectively develop the high quality
iron ore opportunities on the Melville Peninsula. 


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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Advanced Explorations Inc.
(416) 203-0057 x320

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