Advanced Explorations Seeking Strategic Alternatives

Advanced Explorations Inc. is a Canada-based resource development company. The Company focuses on developing its Roche Bay and Tuktu Iron Ore Projects located in the Melville Peninsula in Nunavu. The Company's ocean-based Roche Bay Project comprises National Instrument 43-101 (NI 43-101) compliant resource estimate of over 500 million tons outlined within a portion of approximately 140 kilometers of banded iron formation. The Company has delineated over one billion tons of iron under NI 43-101 among its Roche Bay and Tuktu deposits and focuses on exploring other targeted deposits in areas to the north, south and west of Roche Bay.