Mr. John Gingerich reports

ADVANCED EXPLORATIONS INC. IDENTIFIES NEW HIGH GRADE IRON TARGET AT TUKTU 2 PROJECT

Advanced Explorations Inc.'s current exploration program on the Tuktu project located in Nunavut has identified a second horizon within the Tuktu 2 area with high-grade iron similar to the main Tuktu 2 occurrence. The company has a portable XRF unit in the field to confirm iron content of the new occurrence. The new discovery is located on a north-south, parallel-trending, magnetic anomaly located approximately 400 metres east of the Tuktu 2 zone. Outcrop exposure in the area of the discovery is limited, and additional detailed geophysics and mapping are under way to help define strategic drill targets. AEI is currently drilling the northern portion of the Tuktu 2 high-grade iron zone which yielded assays as high as 69.3 per cent Fe and intends to include drill testing of the new discovery as well.

John Gingerich, president and chief executive officer, commented: "The discovery of a new horizon over 1.8 kilometres southeast of our current drill location is very encouraging. This discovery confirms the potential for multiple lenses of high-grade iron with direct-ship-ore-type grades. Mapping and prospecting is still ongoing with particular focus on locating additional high-grade opportunities."

We seek Safe Harbor.