Advanced Explorations Inc. Intersects 90 Metres of 33.80% Iron



    TORONTO, Jan. 15 /CNW/ - Advanced Explorations Inc. (the "Company" or
"AEI") is pleased to announce the latest assay results from the 2008 drilling
campaign on its Roche Bay iron ore project in Nunavut, Canada.
    Drill results continue to demonstrate the C-Zone is characterized by a
broad zone of banded iron formation with a higher grade core. Drill-hole
RBC-08-84, collared on section 12400N, intersected 216.0 metres of 28.55% iron
including an interval of 90.0 metres of 33.80% iron. In addition, drill-hole
RBC-91, collared over 400 metres north on section 12831N, intersected 215.0
metres of 28.56% iron, including an interval of 66.0 metres of 33.33% iron.
    Drill-hole RBC-08-86, drilled oblique to geologic dip, demonstrates the
continuity of the higher grade mineralization down dip. The drill-hole
intersected continuous high grade banded iron formation with a 212.4 metre
interval averaging 32.94% iron.

    
    John Gingerich, President and CEO, commented:

    "We continue to be pleased with the consistency of the assays received to
    date on the C-Zone. It is evident that we have a higher grade magnetite
    core within the broader Banded Iron Formation. We believe the higher
    grade core can provide flexibility in how the deposit might be exploited.
    Various scenarios will be addressed in the Scoping Study which is
    expected to be completed soon after the NI 43-101 compliant resource has
    been completed."
    

    C-Zone

    Results to date indicate the C-Zone magnetite bearing banded iron
formation has a strike length of approximately 5.7 kilometres of which
slightly more than 4.8 kilometres has been drill tested. The C-Zone at surface
varies in width from approximately 100 metres to locally in excess of 300
metres. The Zone dips steeply to the east and is thicker to the north
characterized by a higher grade core. The mineralization comes to surface but
is locally covered by shallow overburden generally ranging from only one to
three metres in thickness. Drill-hole RBC-08-84 is typical of the style of
mineralization illustrating the higher grade core within a broader zone of
banded iron formation. As noted above the broader interval of 216 metres
averages 28.55% iron with a core interval of 33.80% iron over 90.0 metres.

    ON BEHALF OF THE BOARD

    John Gingerich, President and CEO

    Please see the table below for current drilling details.

    
    -------------------------------------------------------------------------
       Hole     Line  Coordinate  Dip  Azimuth  From    To   Interval   % Fe
    -------------------------------------------------------------------------
      Number    (N)     (E)                      (m)    (m)    (m)
    -------------------------------------------------------------------------
    RBC-08-91  12831    841       -45    305    25.0   240.0  215.0    28.56
    -------------------------------------------------------------------------
       (*)      (*)  including    (*)    (*)    25.0    37.0   12.0    43.27
    -------------------------------------------------------------------------
       (*)      (*)  including    (*)    (*)    75.0   141.0   66.0    33.33
    -------------------------------------------------------------------------
    RBC-08-86  12800    700       -45    125     6.3   218.7  212.4    32.94
    -------------------------------------------------------------------------
       (*)      (*)  including    (*)    (*)     6.3   196.0  189.7    34.04
    -------------------------------------------------------------------------
    RBC-08-89  12800    700       -45    305     4.8    87.6   82.8    25.55
    -------------------------------------------------------------------------
       (*)      (*)  including    (*)    (*)    26.0    38.0   12.0    31.02
    -------------------------------------------------------------------------
    RBC-08-84  12400   1000       -50    305   139.4   355.4  216.0    28.55
    -------------------------------------------------------------------------
       (*)      (*)  including    (*)    (*)   193.0   283.0   90.0    33.80
    -------------------------------------------------------------------------
       (*)      (*)     (*)       (*)    (*)   404.4   426.4   22.0    27.02
    -------------------------------------------------------------------------
    RBC-08-90  12000    800       -45    305     6.0    80.3   74.4    27.82
    -------------------------------------------------------------------------
       (*)      (*)  including    (*)    (*)     6.0    38.0   32.1    30.85
    -------------------------------------------------------------------------
       (*)      (*)     (*)       (*)    (*)   109.2   163.7   54.5    29.78
    -------------------------------------------------------------------------
       (*)      (*)  including    (*)    (*)   133.0   163.7   30.7    32.03
    -------------------------------------------------------------------------
    RBC-08-92  12000    900       -50    305    42.0   275.1  233.1    26.61
    -------------------------------------------------------------------------
       (*)      (*)  including    (*)    (*)    46.0   112.0   66.0    31.74
    -------------------------------------------------------------------------
    Note: Drill-hole RBC-08-86 was drilled at 125 degrees azimuth, and as
    such the intersection length is exaggerated as the drill-hole was drilled
    down-dip and not cross cutting. Drill-hole RBC-08-92 was previously
    reported.
    

    Gary Williams, P. Geo and VP of Advanced Explorations Inc. is the QP
within the meaning of 43-101 and has reviewed and approved the content of this
release.

    Analysis: All the recent drill core analysis reported in this release was
performed by SGS Lakefield Research. At SGS samples are analyzed for total Fe
using XRF techniques. SGS also undertakes Satmagan analysis to estimate the
portion of magnetic iron. The company augments the laboratory QA/QC procedures
by selectively adding additional control samples. Core sample intervals for
2007 were 1 metre and increased to 2 metres except where intervals cross
geologic boundaries in which case the sample length is adjusted accordingly.

    ABOUT Advanced Explorations Inc.

    Advanced Explorations Inc., based in Toronto, Ontario, is a mining
exploration company exclusively focused on developing high quality iron ore
opportunities. In early 2007, AEI acquired the option to earn an 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
undeveloped magnetite iron ore prospects. Shares of the company trade at the
TSX Venture Exchange (AXI) and at the Frankfurt Stock Exchange (AE6). For more
information please visit www.advancedexploration.com.

    
    THE TSX VENTURE EXCHANGE HAS NEITHER APPROVED OR DISAPPROVED OF THE
    CONTENTS HEREIN.
    

    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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