AXI

Advanced Explorations Inc. (TSX VENTURE:AXI)(FRANKFURT:AE6) (the "Company or
"AEI") is pleased to announce that it has received unanimous Board approval to
advance further engineering studies on its LNG Power solution for the Roche Bay
Iron Project. The objective of this further engineering work is to determine the
full extent of the advantages derived from a start-up scenario that would
include LNG Power. This opportunity was identified by the recently released
Roche Bay Feasibility Study which indicated the potential to reduce the
project's FOB operating cost ("Opex") by approximately $8/t to $42/t for the
base case 5.5 mtpa operation. These potential operating savings, which could be
generated by an LNG Power option, support the Roche Bay Project OPEX objectives
of becoming a lower quartile FOB cost producer. 


AEI has investigated the LNG power option for over 18 months and, in its
research, was also advised by some of the world's industry leaders. The Company
is confident that an LNG power option is an affordable and viable option for
power generation at Roche Bay. AEI's partner for the Roche Bay Project, XinXing
Ductile Iron Pipes Co. Ltd. ("XDIP"), who has expertise in LNG, has also
committed to work with the Company to better understand the economics of this
power solution and whether or not the engineering can be accelerated to align
with the project's start-up option schedule. Encouraged by AEI's Board of
Directors and XDIP, the Company is currently finalizing plans to initiate a
pre-feasibility study on the LNG power option that will provide insight on the
viability of a turnkey power plant solution at Roche Bay. 


The final report of the Alternative Power Concept Study, which was initiated on
collaboration between AEI and the Government of Nunavut (see press release April
3, 2012), is also expected to be completed shortly, and the Company is looking
forward to being able to extend its collaboration with Nunavut.  


John Gingerich, President & CEO, commented: 

"AEI has concluded that there is considerable potential to deliver a sustainable
and cost-efficient alternative power solution for the Roche Bay Project.
Moreover, the knowledge gained from the engineering studies will provide a
useful platform to solve one of the key challenges facing development of
Canada's north; affordable power. Advanced studies on the LNG power will
ultimately assist other resource development projects to gain operating cost
efficiencies, such to ensure a competitive cost base for future developments in
the north. Equally important is to apply these solutions, where appropriate, to
reduce costs in our northern communities that are allocating significant amounts
of their limited resources to Arctic diesel power generation". 


ON BEHALF OF THE BOARD 

John Gingerich, President & Chief Executive Officer

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 x226
www.advanced-exploration.com

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