TORONTO, ONTARIO--(Marketwired - Feb. 27, 2014) - Advanced Explorations Inc. (the "Company" or "AEI") is pleased to announce that it has closed the second tranche of the non-brokered private placement previously announced on November 11, 2013.  

Pursuant to the second tranche, a total of 10,000,000 units (the "Units") were sold to Hebei Han-Xing Institute of Mining & Metallurgy Design Co., Ltd. ("Han-Xing") at a price of $0.05 per Unit for gross proceeds of $500,000. Each Unit consists of one common share of the Company and one common share purchase warrant ("Warrant"), with each Warrant being exercisable to acquire one common share of the Company at a price of $0.10 for a period of 24 months following the closing date of the Offering.

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