AXI

Advanced Explorations Inc. (the "Company" or "AEI") (TSX
VENTURE:AXI)(FRANKFURT:AE6) announced today that Mr. Eric Guo will be taking
over the role of Chief Executive Officer for the Company while Mr. Gingerich
will continue in his current roles as President and Board Chairman. Mr. Guo, who
has served as a Board member since November 2009, has been actively involved in
the day to day operations of the Company over the past year and is directly
responsible for securing the recent partnership with Hebei Han-Xing Institute of
Mining & Metallurgy Design Co., Ltd. ("Han-Xing") as press released February
27th, 2014. Mr. Guo has been a significant contributor in assisting the
expansion of AEI's China network. China being the world's largest consumer of
iron ore (greater than 800 mt seaborne trade annually) has clear objectives and
mandates to enhance their interest in the off-shore supply side (mines). During
the last three years, as director of AEI, Mr. Guo has established solid
relationships with steel companies, iron ore trading companies, as well natural
resources investment funds from China. As CEO, the Company anticipates Mr. Guo
can more effectively consolidate on a number of new opportunities available to
AEI.


John Gingerich, President stated;

"While I will remain in my role as Chairman and president, this change presents
a valuable opportunity for Eric to capitalize on his strengths. He has been an
important contributor to Advanced Explorations Inc., and his new position
reflects our faith in his ability to secure partnerships and financings from
China that will allow the Roche Bay project to move forward to development. His
industry passion and unique insights will serve him well in his new role. In
addition, I would like to extend my gratitude to Eric in stepping up and taking
on a more active role during the previous year. His commitment to AEI has made a
difference."


About Mr. Guo:

Eric Guo joined Advanced Explorations' Board of Directors in November 2009. He
and his associates have over 10 years of international experience providing
financial services and facilitating a broad range of M&A activities including
the direct investment of millions of dollars into resource and technology
markets, both from China to Western Markets and Western Markets into China. This
experience has led to a clear understanding as to the investment needs and
expectations of Western and Asian investors.


ON BEHALF OF THE BOARD

John Gingerich, President & Chairman

ABOUT Advanced Explorations Inc.

Advanced Explorations Inc., based in Toronto, Ontario, is a resource development
company focused on developing its Roche Bay and Tuktu Iron Ore Projects in one
of the world's largest developing iron ore districts, the Melville Peninsula in
Nunavut. The Ocean-based Roche Bay Project boasts an NI 43-101 compliant
resource estimate of over 500 million tonnes outlined within a small portion of
the potential 140 km of banded iron formation. A positive feasibility study for
the project's C Zone revealed a net present value of $642M on a base case 5.5
Mtpa start-up concentrate operation and substantial upside potential including
becoming a low quartile cost producer. To date, the Company has delineated over
1 billion tonnes of iron under NI 43-101 among its Roche Bay and Tuktu deposits
and continues to explore other targeted deposits in areas to the north, south
and west of Roche Bay. The management team has extensive technical, exploration
and Canadian Arctic mining expertise to effectively develop the high quality
iron ore opportunities on the Melville Peninsula. 


This news release also includes forward-looking statements that involve a number
of risks and uncertainties. The information reflects numerous assumptions as to
industry performance, general business and economic conditions, regulatory and
legal requirements, taxes and other matters, many of which are beyond the
control of the company. Similarly, this information assumes certain future
business decisions that are subject to change. There can be no assurance that
the results predicted here will be realized. Actual results may vary from those
represented, and those variations may be material.


This news release does not constitute an offer to sell or a solicitation of an
offer to sell any securities in the United States. The securities have not been
and will not be registered under the United States Securities Act of 1933, as
amended (the "U.S. Securities Act") or any state securities laws and may not be
offered or sold within the United States or to U.S. Persons unless registered
under the U.S. Securities Act and applicable state securities laws or an
exemption from such registration is available.


NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT
TERM IS DEFINED WITHIN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS
RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Advanced Explorations Inc.
Brendan Purdy
416-203-0057 x320


Advanced Explorations Inc.
(416) 203-0057 x226

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