Advanced Explorations Inc. announced that field work is underway on its iron ore properties located on the Melville Peninsula in Nunavut, Canada. Moving forward with the development of its Roche Bay Iron Project, AEI continued a geotechnical program that includes confirming water depths for Capesize ships in its natural deep water harbor at Roche Bay. In addition, recent metallurgical studies as part of flow sheet optimization on the C Zone resource indicate that concentrates in excess of 69% Fe, less than 5.0% Si and less than 0.07% S can be achieved. High quality concentrates with these specifications currently demand premium pricing. Additional exploration work is also being undertaken to follow-up previously discovered high grade iron at the Tuktu Project to further determine the project's direct-ship ore (DSO) potential. Initial field work has focused on the 1600 meter long ground magnetic anomaly (Tuktu 2) where prospecting in 2011 yielded results in excess of 62% Fe. Preliminary reports indicate, the northern portion of the anomaly is fairly well exposed and has been traced along strike for approximately 500 meters where it disappears under shallow cover. Widths up to 100 meters are noted, and of particular importance is the presence of abundant specular hematite. The first assays from the channel sampling are expected within the next 4-6 weeks. These early findings have identified the size potential for a high grade (DSO) mineralization with grades to be verified by laboratory analysis. The work undertaken by AEI suggests power generation savings of up to 65% over Arctic Diesel is possible with significant environmental benefits as well. Concluding a strategic partnership in the development of LNG power generation will bring to the project the capability and capacity to deliver the power solution and allow the Company to focus of the Roche Bay mine development.