Advanced Explorations Inc. Property Update

TORONTO, Dec. 1 /CNW/ - Advanced Explorations Inc. (the "Company" or "AEI") is pleased to announce that it is finalizing its negotiations with Roche Bay plc ("RB") to simplify the ownership structure of the Roche Bay mineral leases on the Melville Peninsula in Nunavut, Canada. As previously released on July 14, 2008, September 2nd, 2008, September 9th, 2008 and November 13th, 2008, AEI has an option to acquire an additional 19.9% of the mine joint venture and earn up to a 70% interest in the Roche Bay, Nunavut project. AEI and RB have agreed to extend the deadline to exercise the Company's option to earn up to a 70% interest in the Roche Bay mine Joint Venture, Nunavut project from November 30th, 2008 to December 8th, 2008

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