Advanced Explorations Inc. Completes Agreement to Acquire 100% Interest in the Roche Bay Project

TORONTO, April 1 /CNW/ - Advanced Explorations Inc. (the "Company" or "AEI") is pleased to announce that it has completed a formal Agreement (the "Definitive Agreement") with its joint venture partner Roche Bay plc ("Roche Bay") on the previously announced Memorandum of Understanding ("MOU") to acquire Roche Bay's remaining interest, and thus ultimately to hold 100% ownership interest in the mineral leases comprising the Roche Bay Project located on the Melville Peninsula in Nunavut, Canada (the "Leases"). The transaction will merge AEI's previously announced direct reduction iron plans with the Roche Bay mine joint venture.

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