Advanced Explorations Inc. announced the changes to the composition of its Board of Directors. Dr. Bingguo Jia and Mr. Yanjun Zhang will be joining the Board and Mr. Robert Telewiak and Mr. Jim Excel will be stepping down. The restructuring of AEI's Board is in part a response to the anticipated increased Chinese participation in AEI's iron ore projects through the proposed Parkson Star Ltd. transaction.

Dr. Bingguo Jia is currently the President and Chief Executive Officer of Hebei Han-Xing Institute of Mining & Metallurgy Design Co. Ltd. Mr. Yanjun Zhang is a Chinese CFA and registered Securities Practitioner. He is currently Vice President of Tianjin Northern Petroleum Company Ltd. He has in the past worked in the finance departments of a major state-owned steel company and China Science & Technology International Trust Co.

Ltd. He also worked for 8 years in the Chinese and Hong Kong equities markets including a period with Guangdong Securities in Beijing.