AXI

Advanced Explorations Inc. (the "Company" or "AEI") (TSX
VENTURE:AXI)(FRANKFURT:AE6) today provided an update on its plans to implement
alternative power solutions as part of its Roche Bay development plan. The
unique coastal location of the Roche Bay project affords the Company the
opportunity to utilize a turnkey, modular LNG power and distribution solution
with the potential to reduce both AEI's associated capital requirements while
still capturing significant operational savings. These solutions have
substantial benefits for the Roche Bay economics, and likewise can be applied to
meet the challenges of Canada's northern resource developments and remote
communities. As such, the companies that have been engaged in developing these
solutions are anticipated to leverage their knowledge and experience across the
North to encourage economic growth and competitiveness for other remote mines
and Northern communities. 


Studies to date indicate that the significant operational benefits both in
environmental impact (approx. 40% reduction in CO2 emissions) and operating cost
for LNG based power (technical studies indicated potential $8/t savings reducing
the total FOB cost to approximately $42/t). These operating cost savings afford
the company the opportunity to tradeoff a turnkey power solution for long-term
operating cost while still retaining a net benefit to operating margins. Other
resource companies are now evaluating LNG based power as there are both advanced
turnkey power production and supply and storage models being developed. As
currently contemplated, AEI plans to conclude partnership agreements that will
include joint LNG feasibility studies (power and LNG supply) based on delivery
of a turnkey power solution. 


There are two independent partnerships being negotiated. The first partner would
be granted the exclusive right to build and operate the LNG power facility
should turnkey trade-off studies justify the benefits to AEI. The second, would
provide an LNG supply and storage concept as a turnkey solution to complement
the LNG power plant. Given there are business sensitive details associated with
these negotiations, details will be released as permitted once agreements have
been finalized. Additional news is expected in the near future.


Supplemental Wind Power

Studies provided by ArcStar Energy ("ArcStar") have demonstrated that the wind
regime at the site is one of the best it has seen anywhere in the world. The
initial economic evaluation for Roche Bay was done on a turnkey wind power
solution whereby ArcStar Energy would capitalize the wind power facilities on a
long term power purchase agreement at an approximate 40% discount to diesel
power. Since completing its initial report, ArcStar has further evaluated
technical and operational challenges and satisfied themselves that a turnkey
solution can be delivered upon verification of the wind regime which is needed
for ArcStar's financing requirements. Wind energy can only be viewed as a means
of delivering supplemental power, and in the initial study the business case was
done as a diesel displacement benefit estimated to reduce consumption by 30%.
This plan can also be incorporated into the LNG option as wind delivered power
will reduce consumption of non-renewable LNG, offering a possible hedge against
rising future LNG prices. The results from Arcstar's work may provide an updated
perspective on the use of supplemental wind power as a broader solution for
northern development. 


The company is extremely proud being an industry leader in moving resource
development towards executable, sustainable power solutions which provide a
broad range of social economic benefits to the north. AEI believes these
alternative power initiatives are both economic solutions for remote resource
projects and communities and have the opportunity to contribute economic
competitiveness and improved environmental stewardship to remote Northern mines.



John Gingerich, President & CEO, commented:

"We are confident that AEI and its stakeholders are at the forefront of the
inevitable conversion from Arctic Diesel towards LNG and supplemental wind power
for resource projects in the Far North. By working with developers on turnkey
delivery models, this will provide additional options for communities and
developers wishing to avoid the onerous infrastructure burdens when affordable
power is the only real objective. AEI believes it will be able to capture the
first mover benefits generated by having motivated partners with a long-term
regional focus in mind. We are convinced that the success of our alternative
power initiatives will provide a long term sustainable advantage for all
stakeholders."


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 x320

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