Advanced Explorations Inc. Intersects 218.5 Metres of 32.21% Iron

    TORONTO, Feb. 10 /CNW/ - Advanced Explorations Inc. (the "Company" or
"AEI") is pleased to announce the final Iron assay results from the 2008
drilling campaign on its Roche Bay iron ore project in Nunavut, Canada.
Follow-up precious metal sampling and metallurgical testing results to be
reported in the future.
    Drill-hole RBC-08-87, collared on section 12762N, intersected 218.5
metres of 32.21% iron including an interval of 116.0 metres of 34.23% iron.
The results from this hole are one of the best results to date from the
C-Zone. In addition, drill-hole RBC-88, collared over 3500 metres south on
section 9200N, intersected 135.4 metres of 24.66% iron, including an interval
of 16.0 metres of 33.99% iron. Both holes within the C-Zone demonstrate higher
grade iron mineralization within a broader zone of banded iron formation.
    Please see the table below for the final iron assay results from the 2008
drilling program.
    The Company has now forwarded the last of the required technical data to
complete the NI 43-101 compliant resource and associated Scoping Study to the
contractors. Both reports are expected in the near future.

    John Gingerich, President and CEO, commented:

    "This is a great way to finish up reporting the 2008 iron assay results.
    The Company drilled over 16,000 metres of core and took over 6000 samples
    for assaying. The results, such as those reported here, we think
    demonstrate potential for a very solid project. Our next step, which is
    our top priority, is to get our resource estimate and economic study to
    the market. We believe these reports will clearly show the economic
    potential of this project."


    John Gingerich, President and CEO

    Drill Hole Summary Table:

       Hole     Line  Coordinate  Dip  Azimuth  From    To   Interval   % Fe
      Number    (N)      (E)                     (m)    (m)    (m)
    RBC-08-87  12762     966      -50    305   119.6   338.2  218.5    32.21
       (*)      (*)   including   (*)    (*)   119.6   147.0   27.4    35.37
       (*)      (*)   including   (*)    (*)   167.0   283.0  116.0    34.23
    RBC-08-88   9200     725      -45    305     3.6   139.0  135.4    24.66
       (*)      (*)   including   (*)    (*)    65.0    75.0   10.0    33.20
       (*)      (*)   including   (*)    (*)   106.0   122.0   16.0    33.99


    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, is thicker to the north and is
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.
    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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