Advanced Explorations Inc. Reports Further Drill Results

    TORONTO, Sept. 26 /CNW/ - Advanced Explorations Inc. (the "Company or
AEI") is pleased to announce new assay results from drilling on its Roche Bay
project in Nunavut, Canada. During the 2008 drill program, which is now
complete, 16,505 metres of NQ sized core was drilled along nearly five
kilometres of strike length on the C Zone Banded Iron Formation "BIF"
    Of the 52 holes drilled in 2008, the company has received complete assays
on 37 holes. Drill-hole RBC-08-67, drilled on section 11100N, has intersected
a 153 metre interval of BIF averaging 27.3% iron which includes several
subintervals of higher grade mineralization (e.g. 26 metres of 33.14% Fe). In
addition, complete assays have now been received for drill hole RBC-08-60,
drilled on section 11200N. Please see the attached table for current drilling

    John Gingerich, President & CEO of AEI, commented;

        "We are pleased with our recently completed 2008 exploration program.
        All key objectives were met in a safe and timely manner, and we are
        especially pleased with the performance of all our employees and
        contractors alike. The technical detail we gained from this year's
        program will allow the company to make key strategic decisions with
        respect to the potential development options currently being
        investigated as part of the economic studies underway."

    A surface mapping program was also completed through the main section of
the C Zone which will assist in geological interpretation. Prior to the
completion of this year's drill campaign, two holes were collared and
completed on the A & B Zone located about 4.5 km NE of the C Zone. Hope is
that these results will help calibrate drilling undertaken in the 1980s
allowing the company to obtain resource information from the historical
results. An initial evaluation by Golder Associates was unable to extract
sufficient resource information, and no claim to a resource could be made.


    John Gingerich, President and CEO

    Hole        Line  Coordinate    Dip  Azimuth  From   To   Interval  % Fe
    Number       (N)      (E)                      (m)   (m)     (m)
    RBC-08-60   11200    1032       -65    305    60.5   89.1   28.6   28.34
       (*)       (*)   including    (*)    (*)    69.0   89.1   20.1   31.37
    RBC-08-60   11200    1032       -65    305   254.1  525.7  271.6   25.25
    RBC-08-65   13600     900       -70    305    68.3  157.2   88.9   25.57
       (*)       (*)   including    (*)    (*)    68.3   84.0   15.7   31.62
    RBC-08-66    9400     775       -50    305    81.7  249.0  167.3    26.0
       (*)       (*)   including    (*)    (*)   140.0  160.0   20.0   33.49
    RBC-08-67   11000     950       -45    305    48.2  201.2  153.0    27.3
       (*)       (*)   including    (*)    (*)    68.0   94.0   26.0   30.84
       (*)       (*)   including    (*)    (*)   120.0  146.0   26.0   33.14
       (*)       (*)   including    (*)    (*)   170.0  184.0   14.0   33.35
    RBC-08-68   10400     800       -55    305    10.1  134.5  124.4   23.36
    Partial results from holes RBC-08-60 and 65 were reported on Sept 4,
    2008; current results show the complete BIF intervals for these holes.
    Results for hole RBC-08-68 (above) are partial, with analyses still
    pending for an interval of BIF at the bottom of the hole.

    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.

    AEI, based in Toronto, Canada, is exclusively focused on developing high
quality iron ore opportunities. In early 2007 the Company expanded its
capabilities in iron ore exploration and development with the acquisition of
strategic management personnel. AEI has the management, technical and
exploration expertise and experience to rapidly advance the Roche Bay
magnetite project which was acquired in June, 2007, as well as develop new
opportunities in the area and globally. The Roche Bay magnetite project is
located proximal to a natural harbour which makes it potentially one of the
world's premier iron ore opportunities. Shares of the company trade on the TSX
Venture Exchange under the symbol AXI. 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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