Advanced Explorations Inc. Closes Private Placement of $450,000

TORONTO, Sept. 23 /CNW/ - Advanced Explorations Inc. (the "Company" or "AEI") is pleased to announce the closing of the private placement previously press released on September 14, 2009. A total of 3,000,000 units (the "Units") at a price of $0.15 per Unit were sold for gross proceeds of $450,000. Each Unit consists of one (1) common share and one (1) non-transferable common share purchase warrant (the "Warrants") with a term of twenty-four (24) months from the closing date of the Offering. The holder of Warrants shall be entitled to convert each whole Warrant to one (1) common share of the Company at an exercise price of $0.25 until September 22, 2011.

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