Advanced Explorations Inc. Announces First Iron Results from A-Zone

    TORONTO, Feb. 5 /CNW/ - Advanced Explorations Inc. (the "Company" or
"AEI") is pleased to announce the first assay results from the A-Zone 2008
drilling campaign on its Roche Bay iron ore project in Nunavut, Canada.
    Drill results from the A-Zone demonstrate a similar style and grade of
mineralization to that of the C-Zone. Drill-hole RBA-08-16, collared on
section 17550N, intersected 108.10 metres of 27.56% iron including an interval
of 44.0 metres of 32.81% iron. In addition, drill-hole RBA-08-17, collared 100
metres to the east on the same section intersected 98.7 metres of 27.31% iron,
including an interval of 34.0 metres of 32.37% iron. Drill-hole RBA-08-16
froze-in at 220 metres while still in banded iron formation and did not reach
its targeted depth.
    The two recent drill holes on the A-Zone are in the vicinity of the
drilling done in 1982 which reported similar results. There were a total of 15
holes previously drilled along the A and B Zones and was the primary focus of
the previous resource and economic studies. A review of the historic resource
data was done but could not verify the results to the current NI 43-101
standards. While only two holes were drilled in 2008, the Company is
encouraged by the results and believes the potential exists to corroborate the
findings of the 1980's drill program.

    John Gingerich, President and CEO, commented:

    "Previous resource and economic studies focused on the A and B Zones. By
    starting with the C-Zone we have demonstrated the blue sky potential of
    the property. As future drill programs re-drill the strike extent of the
    A and B Zones, the Company believes it will be able to substantially add
    to the resource base of the Project."

    A and B Zones

    Previous exploration on the property had indicated the A and B Zones to
be potentially as large as the C-Zone. The A-Zone has a strike of
approximately 1.34 kilometres and an average width of 133 metres, The B-Zone
extended 1.83 kilometres with an average width of 159 metres. These zones,
along with the C, D and E Zones are subsets of a much larger regional iron
formation that pinches and swells along strike that extends from the shore of
Roche Bay to more than 30 kilometres the Southwest. The defined zones are
simply locations along strike where the iron formation swells. Mineralization
of the various zones is thus expected to be similar. Most of the historic
drilling is along the A and B Zones that are slightly closer to the Ocean than
the C-Zone. Although only two holes were drilled in 2008, the style of
mineralization and results from the historic work suggest mineralization
similar to the 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 C-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 released previously is typical
of the style of mineralization illustrating the higher grade core within a
broader zone of banded iron formation. RBC-08-84 intersected a broader
interval of 216 metres averaging 28.55% iron with a core interval of 33.80%
iron over 90.0 metres.


    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)
    RBA-08-16  17550     100     -45    305    26.2   84.0     57.8    26.27
       (*)      (*)   including  (*)    (*)    26.2   56.6     30.4    32.00
                                              111.9  220.0    108.1    27.56
       (*)      (*)   including  (*)    (*)   130.0  174.0     44.0    32.81

    RBA-08-17  17550     200     -45    305     4.3  103.0     98.7    27.31
       (*)      (*)   including  (*)    (*)    24.0   58.0     34.0    32.37


    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

    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. 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


    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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