Advanced Explorations Inc. Expects to Release Preliminary Economic Assessment for Canadian Magnetite Project

TORONTO, June 5 /CNW/ - Advanced Explorations Inc. (the "Company" or "AEI") is pleased to announce that its independent consultants have submitted a draft of their findings from the preliminary economic assessment (the "PEA") of its Roche Bay Magnetite Project located on the east coast of the Melville Peninsula in Nunavut. The Company is pleased by the findings and is eager to release the results of the PEA as soon as the internal review has been completed and a final version tabled; this release is expected shortly.

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