AXI

Advanced Explorations Inc. (the "Company" or "AEI") (TSX
VENTURE:AXI)(FRANKFURT:AE6) today announced that it has retained Haywood
Securities Inc. ("Haywood Securities") as its financial advisor to review
strategic alternatives for the development of the Company's flagship Roche Bay
Iron Project located in Nunavut, Canada. This engagement is an expansion of the
Company's strategic agenda currently being pursued in China by ICBC
International Capital Limited (see press release of March 5, 2013).


Jim Excell, Chairman, commented:

"We are very excited about the opportunity to engage Haywood Securities as our
financial advisor to assist in the progress of our iron ore project. We believe
it is advantageous to AEI to work with a financial advisor that has a strong
track record in the iron ore sector such as Haywood Securities in our efforts to
evaluate all potential strategic alternatives for the Roche Bay Iron Project." 


Bernie Swarbrick, Acting President, commented:

"Under current market conditions, AEI continues to take affirmative steps to
advance the Roche Bay Project through strategic partnerships. Haywood Securities
is a strong addition to AEI's strategic team given Haywood's excellent
knowledge, experience, and reputation in the iron ore space. It is exciting for
AEI to have such advisory strength in both China and North America. With the
full support of the Board, I look forward to working with Haywood on
establishing the value proposition for the Roche Bay Project going forward." 


As part of the consideration for the services being provided by Haywood
Securities, the Company will issue 1.25 million common shares to Haywood
Securities, subject to receipt of TSX Venture Exchange approval. 


ON BEHALF OF THE BOARD

Jim Excell, Chairman

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.


NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT
TERM IS DEFINED WITHIN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS
RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.


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

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