Advanced Explorations Inc. Corporate Update

TORONTO, Dec. 22 /CNW/ - Advanced Explorations Inc. (the "Company" or "AEI") is pleased to provide an update on recent corporate activities. In the last month the Company has completed restructuring its agreement with Roche Bay plc by entering into an MOU that provides an option to acquire a 100% unencumbered interest in the Roche Bay magnetite project. In addition, AEI has initiated a financing and announced the closing of the first tranche of $1.7 million on December 15, 2008. With a simpler property structure and corporate financing the Company is well positioned to move forward in completing its planned NI 43-101 compliant resource and economic (scoping study) reports.

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