Advanced Explorations WKN A0D8ZT

   Results to date indicate the C-Zone magnetite bearing banded iron
formation has a strike length of approximately 5.7 kilometres of which
slightly more than 4.8 kilometres has been drill tested. The C-Zone at surface
varies in width from approximately 100 metres to locally in excess of 300
metres. The Zone dips steeply to the east and is thicker to the north
characterized by a higher grade core. The mineralization comes to surface but
is locally covered by shallow overburden generally ranging from only one to
three metres in thickness. Drill-hole RBC-08-84 is typical of the style of
mineralization illustrating the higher grade core within a broader zone of
banded iron formation. As noted above the broader interval of 216 metres
averages 28.55% iron with a core interval of 33.80% iron over 90.0 metres.

   ON BEHALF OF THE BOARD

   John Gingerich, President and CEO

   Please see the table below for current drilling details.

   <<
   --------------------------------------------------
      Hole     Line  Coordinate  Dip  Azimuth  From    To   Interval   % Fe
   --------------------------------------------------
     Number    (N)     (E)                      (m)    (m)    (m)
   --------------------------------------------------
   RBC-08-91  12831    841       -45    305    25.0   240.0  215.0    28.56
   --------------------------------------------------
      (*)      (*)  including    (*)    (*)    25.0    37.0   12.0    43.27
   --------------------------------------------------
      (*)      (*)  including    (*)    (*)    75.0   141.0   66.0    33.33
   --------------------------------------------------
   RBC-08-86  12800    700       -45    125     6.3   218.7  212.4    32.94
   --------------------------------------------------
      (*)      (*)  including    (*)    (*)     6.3   196.0  189.7    34.04
   --------------------------------------------------
   RBC-08-89  12800    700       -45    305     4.8    87.6   82.8    25.55
   --------------------------------------------------
      (*)      (*)  including    (*)    (*)    26.0    38.0   12.0    31.02
   --------------------------------------------------
   RBC-08-84  12400   1000       -50    305   139.4   355.4  216.0    28.55
   --------------------------------------------------
      (*)      (*)  including    (*)    (*)   193.0   283.0   90.0    33.80
   --------------------------------------------------
      (*)      (*)     (*)       (*)    (*)   404.4   426.4   22.0    27.02
   --------------------------------------------------
   RBC-08-90  12000    800       -45    305     6.0    80.3   74.4    27.82
   --------------------------------------------------
      (*)      (*)  including    (*)    (*)     6.0    38.0   32.1    30.85
   --------------------------------------------------
      (*)      (*)     (*)       (*)    (*)   109.2   163.7   54.5    29.78
   --------------------------------------------------
      (*)      (*)  including    (*)    (*)   133.0   163.7   30.7    32.03
   --------------------------------------------------
   RBC-08-92  12000    900       -50    305    42.0   275.1  233.1    26.61
   --------------------------------------------------
      (*)      (*)  including    (*)    (*)    46.0   112.0   66.0    31.74
   --------------------------------------------------
   Note: Drill-hole RBC-08-86 was drilled at 125 degrees azimuth, and as
   such the intersection length is exaggerated as the drill-hole was drilled
   down-dip and not cross cutting. Drill-hole RBC-08-92 was previously
   reported.
   >>

   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.

   Advanced Explorations Inc., based in Toronto, Ontario, is a mining
exploration company exclusively focused on developing high quality iron ore
opportunities. In early 2007, AEI acquired the option to earn an interest in
the Roche Bay Magnetite Project located on the Melville Peninsula in Nunavut,
Canada. Led by an experienced management team with technical, exploration and
mining expertise the company has the capabilities to rapidly advance the Roche
Bay Project and explore other local and global opportunities. Located proximal
to a natural deep water harbour the Roche Bay deposit benefits from
transportation efficiencies possibly making it one of the world's premium
undeveloped magnetite iron ore prospects. Shares of the company trade at the
TSX Venture Exchange (AXI) and at the Frankfurt Stock Exchange (AE6). For more
information please visit www.advancedexploration.com.

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

   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: (416) 203-0057 x226

providing AEI with a wide range of efficient construction,
development and shipping options.

John Gingerich, President & CEO of AEI, commented:

"We are extremely pleased that the PEA confirms that we have
a very viable project with a projected operating cost less than
half of current spot prices. It's a long life project with
massive upside and it's located in Canada; always a safe
environment for investment. AEI believes that the PEA was
completed to the highest standards using conservative estimates.
Our base case forecast price is less than 50% of the peak prices
of 2008. The Company sees potential for a stronger market
recovery and growing demand for high quality electric arc furnace
product and believes prices of $750 / tonne are possible. Under
this circumstance the economics of a NPV of US $2.8 billion are
exceptional. Additionally, the Direct Reduction process plants are
modular and expandable in 500,000 tonne increments, while
preliminary analysis suggests that expanding to 1.5 million tonnes
per annum would provide even stronger economics. These scenarios
will be studied during the definitive feasibility study."


Jim Excell, Strategic Advisor for Project Development, said:

"Having built and operated a mine in the Canadian Arctic, this project has all the necessary elements to be a successful iron nugget mine in the Canadian North".

The PEA is based on the review of technical studies performed to this date and the AEI internal scoping study prepared by Dr. Florin Gheorghiu, Ph.D. Eng, AEI's VP Engineering & Technology. The PEA also includes expert contributions including Golder Associates, EBA Engineering and GTX Consulting and was overall reviewed for its technical content by Met-Chem Canada under the direction of Mr. Alain Dorval, P. Eng. As the Company's Independent Qualified Person, Mr. Alain Dorval has also reviewed the contents of this release. Mr. Garett Macdonald, MBA, P.Eng of GTX Consulting Inc. contributed the mining section and the economic modeling, while Richard Hoos M.Sc., of EBA Engineering Consultants Ltd. authored the environmental component to the report. The resource and geology sections were provided by Dr. Bill Shaw P.Geo and Mr. Paul Palmer P. Eng & P.Geo from Golder Associates and are based upon AEI's most recent NI 43-101 Technical Report which Golder Associates authored and filed on SEDAR April 24th, 2009.

The selection of iron nuggets as a final product is based on the rigorous study of mineralogical, chemical and physical characteristics of Roche Bay magnetite ores, in relationship with enrichment process efficiency, investment cost of the project and steel market demand. The iron nugget, produced by the direct reduction of iron, is a high quality product used as a feedstock in electric arc furnaces.

The incorporation of a direct reduction ("DR") nugget process is expected to bring many strategic advantages to the Roche Bay Magnetite Project including:

- Reasonable CAPEX and OPEX costs.
- Iron nuggets are a higher profit value-add product than blast furnace
pellets or iron concentrates.
- Low-cost non-metallurgical coal is used as a reduction agent.
- High thermal efficiency of the DR process; the heat recovery from the
DR exhaust gas will produce all the electricity required to power the
Roche Bay site.
- Environmentally responsible process - very low CO2 and SO2 emissions.


The electric power required to produce the iron nuggets, estimated to be up to 30 Megawatts ("MW"), will be generated via a steam-based power plant. The steam will be produced by a recuperative heat exchanger placed on the exhaust gas circuit of the DR furnace. The highly energy-efficient DR process creates power at no additional cost for the project. Following electrical power generation, the remaining captured energy from the steam cooling will be used for the heating of industrial plant and camp buildings. An additional 10 MW of capacity is being considered for power supply to external customers.

John Gingerich, President & CEO of AEI, commented:

"A project of this scale will provide the base for a wide range of
economic and development options for the governments of Nunavut
and Canada. The project has the resources to last over fifty years
thus creating direct and indirect employment opportunities for the
entire Melville Peninsula for many generations. It is an
excellent fit with the social-economic strategy of both the
Federal and Nunavut governments providing a number of
collaborative opportunities. With the possibility of an additional
10 MW of electricity available, power could be provided to both
Hall Beach and Igloolik communities with still enough power
available for new business initiatives or a northern naval port
that would directly support Canada's claim of Arctic sovereignty".

The PEA is based on the following general assumptions:

- The 20 year starter pit will commence on the C-Zone North.
- The initial ore production rate is assumed to be 15,000 tonnes per
day, or 5.0 million tonnes per year.
- High-grade ore of 30% Fe outcropping on the surface is expected to
create a very low initial waste to ore strip ratio of 0.5:1.
- The C-Zone North open pit would be located 10 km west via road haul
to the stockpile and production facilities at Roche Bay.
- Production, port and ship loading facilities would be located
adjacent to the natural deep water harbour within Roche Bay.
- The shipping season for the current business model is 275 days a
year.
- Currency exchange rate 1 CAD = 0.85 USD.

Positive Factors not considered in the PEA:

- The PEA did not consider the cost reductions associated with of
off-site construction and on-site assembly
- Study did not consider the potential benefits from the co-development
and sale of surplus power (up to 10 MW)
- Report did not consider collaborative and support opportunities
associated with both levels of Government (site Industrial park,
etc. )
- The PEA did not consider the possible Kyoto credit associated with
the environmentally more responsible development/process.


For the past three years beginning in 2006, EBA has been retained to undertake the full range of appropriate environmental baseline studies needed for the preparation of the anticipated environmental assessment and regulatory documentation required to support regulatory approval of the project. Studies undertaken have addressed the following key environmental disciplines: Vegetation and Terrain; Water Quality and Hydrology; Freshwater and Marine Aquatic Resources; Terrestrial and Marine Wildlife Resources (mammals and birds); Archaeological Resources. Traditional Knowledge and Socio-economic Studies will be undertaken as part of future programs.

The PEA is preliminary in nature, and includes inferred mineral resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves. There is no certainty that the reserves development, production and economic forecasts on which this PEA is based will be realized. Mineral resources that are not mineral reserves do not have demonstrated economic viability.

A qualified person has not done sufficient work to classify the historical estimate as current mineral resources. The issuer is not treating the historical estimate as current mineral resources, and the historical estimate should not be relied upon.

ON BEHALF OF THE BOARD

John Gingerich, President & CEO

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