Advanced Explorations Inc. Announces Filing of NI 43-101 Technical Report



    TORONTO, April 27 /CNW/ - Advanced Explorations Inc. (the "Company" or
"AEI") is pleased to announce that the NI 43-101 compliant resource estimate
(the "Resource Estimate") for its Roche Bay Magnetite Project has been
completed by Golder Associates and filed on SEDAR. As previously reported on
March 12th, 2009, the global resource estimate for the project's C-Zone
amounts to 357.0 million tonnes at an average grade of 28% iron to a depth of
250 metres below surface.

    
    John Gingerich, President & CEO of AEI, commented:

    "With the completion of the NI 43-101 Technical Report we have achieved a
    significant milestone for the Company. It will enable us to finalize the
    project's economic study which represents a key element to demonstrating
    the strength of our project to potential strategic partners and
    investors. As the C-Zone is only one of the five deposits comprising the
    entire property, we are confident that we have a large resource with an
    excellent life-of-mine prospect".
    

    The National Instrument NI 43-101 compliant Resource Estimate was
completed by Golder Associates Ltd. ("Golder") in conformance with the CIM
Standards of Disclosure for Mineral Projects. It is the Roche Bay Magnetite
Project's first NI 43-101 mineral resource estimate that AEI has published for
the deposit and is based on 92 NQ holes from the 2007 and 2008 exploration
programs on C-Zone completed under the direction of AEI. Please see resource
details below.

    
                     C-Zone - Roche Bay Magnetite Project
                         Inferred Resource Estimate
    -------------------------------------------------------------------------
    Cut-off                  Magne-
    grade   Tonnes   Total   tics   Si0(2) Al(2)0(3)  Mn0  P(2)0(5)  S   LOI
    Fe (%)  (Mt)(*)  Fe (%) (%)(xx)  (%)      (%)     (%)    (%)    (%)  (%)
    -------------------------------------------------------------------------
    20       500.3   26.76   25.62  51.17    2.87    0.07   0.20  0.77  0.82
    -------------------------------------------------------------------------
    22       481.9   26.97   26.04  51.07    2.79    0.07   0.20  0.76  0.79
    -------------------------------------------------------------------------
    24       414.5   27.59   27.39  50.71    2.59    0.07   0.20  0.73  0.69
    -------------------------------------------------------------------------
    25       357.0   28.07   28.57  50.37    2.44    0.07   0.20  0.71  0.62
    -------------------------------------------------------------------------
    26       287.7   28.70   30.09  49.88    2.27    0.06   0.20  0.67  0.54
    -------------------------------------------------------------------------
    28       157.2   30.17   33.66  48.67    1.92    0.05   0.20  0.59  0.33
    -------------------------------------------------------------------------
    30        72.3   31.63   37.10  47.52    1.64    0.05   0.20  0.50  0.07
    -------------------------------------------------------------------------
    Notes:
    (*)  All values rounded to the nearest 100,000 Tonnes
    (xx) Magnetics is reported directly by SGS Lakefield Research Limited
         (SGS) laboratory as % Fe(3)0(4) and is the percentage of contained
         magnetics based on Satmagan test work. It assumes that all recovered
         material is magnetite. Golder accepts this as reasonable considering
         the pyrrhotite content is low as demonstrated by the sulphur assays.
    

    Golder considers that for the purpose of public reporting it is
appropriate to use the 25% iron cut-off grade which defines an Inferred
Mineral Resource of 357.0 million tonnes at an average grade of 28.07% iron to
a depth of 250 metres below surface. AEI has advised Golder that they have
preliminary metallurgical test work and studies to suggest an economically
viable product can be produced from material of this grade.
    The mineral resource estimate for the Roche Bay Magnetite Project was
completed under the supervision of qualified persons (Mr. Paul Palmer, PGeo.,
P.Eng of Golder and Dr. Bill Shaw, FAIG, RPGeo FAusIMM, CPGeo of Golder
Associates Pty Ltd in Australia) who have provided written permission for the
release of this resource estimate in the form and context in which it is
provided here.
    The Company also wishes to announce that Jim Doak has resigned from the
board of directors as he is obligated to fulfill other commitments. AEI thanks
Jim Doak for his service and wishes him every success in his future endeavors.
The Company's AGM will be called shortly and additional Board members will be
added then.

    
    ON BEHALF OF THE BOARD

    John Gingerich, President & CEO
    

    ABOUT Advanced Explorations Inc.

    Advanced Explorations Inc., based in Toronto, Ontario, is a mining
exploration company focused on developing high quality iron ore opportunities.
As part of this strategy, AEI acquired the option to earn a 100% ownership
interest in the Roche Bay Magnetite Project located on the Melville Peninsula
in Nunavut, Canada. Led by an experienced management team with technical,
exploration and mining expertise the company has the capabilities to rapidly
advance the Roche Bay Project and explore other local and global
opportunities. Located proximal to a natural deep water harbour the Roche Bay
deposit benefits from transportation efficiencies possibly making it one of
the world's premium iron ore prospects. In 2008, AEI updated its business plan
for the Roche Bay project and is examining moving forward from the traditional
iron pellet operation to a granulated pig iron (nugget) business. Shares of
the company trade at the TSX Venture Exchange (AXI) and at the Frankfurt Stock
Exchange (AE6). For more information please visit
www.advanced-exploration.com.

    
    NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS
    THAT TERM IS DEFINED WITHIN THE POLICIES OF THE TSX VENTURE EXCHANGE)
    ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
    

    This news release also includes forward-looking statements that involve a
number of risks and uncertainties. The information reflects numerous
assumptions as to industry performance, general business and economic
conditions, regulatory and legal requirements, taxes and other matters, many
of which are beyond the control of the company. Similarly, this information
assumes certain future business decisions that are subject to change. There
can be no assurance that the results predicted here will be realized. Actual
results may vary from those represented, and those variations may be material.
    This news release does not constitute an offer to sell or a solicitation
of an offer to sell any securities in the United States. The securities have
not been and will not be registered under the United States Securities Act of
1933, as amended (the "U.S. Securities Act") or any state securities laws and
may not be offered or sold within the United States or to U.S. Persons unless
registered under the U.S. Securities Act and applicable state securities laws
or an exemption from such registration is available.





For further information:

For further information: (416) 203-0057 x226

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ADVANCED EXPLORATIONS INC.

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