Advanced Explorations Inc. announced encouraging results from the recently completed 2012 drill campaign at its Tuktu 2 Iron Project located 60 km north of the Roche Bay Iron Project on the Melville Peninsula in Nunavut, Canada. This drill program was launched to validate the existence of very high grade iron mineralization typical of deposits containing Direct Ship Ore ("DSO") type material. As presented in the summary table, the drill results indicate a consistent existence of DSO material in drill core over several intersections, and the Company believes that an intensive follow-up drill program of approximately 5,000 metres is required, along with metallurgical studies, to define a DSO resource that would support more advanced studies as to the potential of an economic DSO mining operation at Tuktu.

Tuktu 2-A (T2-A) Results: Drilling along the original prospect, Tuktu 2-A (Table 2) intersected similar style mineralization but within a narrower zone of alteration and similarly narrower lenses of high grade iron (greater than 60% Fe). Holes drilled immediately beneath the high grade channel samples collected over the summer of 2012 intersected shallow zones of east-dipping mineralization associated with specular schist characterized by fine to medium grained specular hematite (10% magnetite, 90% hematite). All holes intersected high grade sections of +50% Fe with the best intersection in hole 12TK002 with 10.51 metres of 65.6% iron content.

The high grade lenses associated with this style of mineralization typically pinch and swell along strike. The mineralization is open along strike to the east and southeast, and the Company believes there is still substantial potential for the discovery of additional high grade iron along the 1.6km magnetic anomaly which hosts the T2-A Prospect. Another showing 1.6km south of T2-A has yet to be drilled where a 62.26% Fe surface grab sample was found at the T2-E Prospect.

T2-E may prove to be the strike extension of the T2-A zone as suggested by the geophysics and limited geologic exposures. A definition drill program would also further investigate this prospect.