Advanced Explorations Inc.

COMPANY DATA | INTRODUCTION |  PROJECT IN HAND |  MANAGEMENT
NEWS UPDATE | CHINESE

COMPANY DATA

INTRODUCTION

Advanced Explorations Inc. (AEI), based in Toronto, Ontario, is a mining exploration company focused on developing high quality iron ore opportunities. As part of this strategy, AEI acquired the option to earn a 100% ownership interest in the Roche Bay Magnetite Project located on the Melville Peninsula in Nunavut, Canada. Led by an experienced management team with technical, exploration and mining expertise the Company has the capabilities to rapidly advance the Roche Bay Project and explore other local and global opportunities. In 2008, AEI updated its business plan for the Roche Bay Project and is examining moving forward from the traditional iron pellet operation to a granulated pig iron (nugget) business.

PROJECT IN HAND

Roche Bay Magnetite Project, Nunavut, Canada

Advanced Explorations is focused on developing its magnetite iron deposits on the east coast of Melville Peninsula located at Roche Bay, Nunavut, Canada. The Company has the option to acquire a 100% ownership interest in the Roche Bay Project. The Company controls 4 mineral leases containing 5 mineralized zones named A, B, C, D and E Zones striking over 20 kilometres in length.

Located proximal to a natural deep water harbour, the Roche Bay deposit benefits from transportation efficiencies possibly making it one of the world's premium iron ore prospects.

Over 20 km of banded iron formation (BIF) have been identified within the mineral leases. A recently published NI 43-101 compliant inferred resource estimate for one of the five deposits, the C-Zone, amounts to 360 million tonnes at an average grade of 28% iron at 25% iron cut-off. Tonnage and grade estimated by Underhill in 1984 for the 5 zones combined is over 1.1 billion tonnes with grades ranging from 23% to 34% iron, but yet have to be verified by NI 43-101 compliant standards.

The project has the resources to last over fifty years thus creating direct and indirect employment opportunities for the Melville Peninsula's Inuit communities for many generations. A project of this scale will provide the base for a wide range of economic and development options for the governments of Nunavut and Canada. With the possibility of an additional 10 MW of electricity available, power could be provided to both Hall Beach and Igloolik communities.

Advanced Explorations plans to develop the banded iron ore formation on the Melville Peninsula using nugget producing technologies in the process of iron making (instead of pellet plant). The iron nuggets, produced by using the Direct Reduction Process (DRI), are higher in grade (~98% Fe) and sell at a price multiple to the traditional iron ore products. Iron nuggets are preferred by the Electric Arc Furnace Industry around the world. AEI has the potential to become one of the few official producers of manufactured iron nuggets worldwide.

The Company expects to start field activities on its Roche Bay Magnetite Project in June. A crew was mobilized on-site at the end of April as part of preparation for 2009 field program.

Project highlights:

• Large Iron Ore Resource

  • 360 Mt @ +28 Fe @ 25% Fe cut-off

  • +50 year mine life

  • Very low strip ratio - High Grade ore outcrops

  • Located adjacent deep water port

• Value Adding Project

  • Uses Direct Reduction Process (DRI)

  • 1 mtpa of desirable high value 98% Fe Iron Nugget product

  • Able to produce its own electrical power - excess power potential

  • Process has low carbon footprint

• Tremendous Exploration and Growth Potential

  • Resources will grow +20 kilometres of strike length

  • Direct reduction process plant is modular and easy to expand

  • Power sales gives vital regional infrastructure advantage

The Company's Strength

• Large Resource

• Transportation efficiencies

• Proximity to major iron ore markets

• Experienced management team with technical, exploration and mining expertise

• Significant aboriginal support

MANAGEMENT

Advanced Explorations Inc. has an experienced management team with technical, exploration and mining expertise.

Management Team

John Gingerich, P.Geo. - Chairman, President and CEO
Mr. Gingerich is s professional geophysicist (APGO) with over 30 years experience in exploration and mining industry technology. As a past director of research, technical innovation and exploration within the Noranda group, Mr. Gingerich was part of the senior management team and involved in the evaluation, acquisition, and development of mineral opportunities within Canada and around the world.

Florin Gheorghiu, Ph.D. - Officer & VP Engineering & Technology
Dr. Gheorghiu came to Advanced Explorations in April 2008 with more than 35 years of experience in ore crushing, grinding and enrichment processes. As the Vice President Engineering & Technology he is overseeing the project's economic study. Before his involvement in the AEI team, he was the Manager, Mineral Processing, for Min-Met Ltd., a metallurgical and mining consulting company, based in Montreal, Canada.

Steve Roebuck - Officer & VP Exploration
Mr. Roebuck joined Advanced Explorations as Vice President of Exploration in May 2008. With over 15 years of mining and exploration experience, Mr. Roebuck's extensive knowledge adds significant value to AEI's team of qualified specialists.

Daniel Botes - Director & COO
Having completed a degree in Industrial Engineering in 1997 at the University of Pretoria, Mr. Botes was employed in the Mining Division of Iscor Ltd. in South Africa, which later became Kumba Resources. During his employment, he held the positions of Senior Industrial Engineer, Head of Quality Assurance, Technical Manager (Kumba Hong Kong), Marketing Manager, Iron Ore Manager and Head of Strategic Projects allowing him to gain wide experience in iron ore mining, iron ore marketing and business strategy.

Gary Williams - Director & VP Environmental
Mr. Williams has practiced in the geosciences industry for 30 years, receiving an Hons. B.Sc. in Geology in 1977 and a M.Sc. in Hydrogeology in 1993. He has worked on a wide range of exploration and environmental projects during his career, including exploration and environmental investigations at a variety of sites both in Canada and overseas.

Louis Nagy - CFO
Mr. Nagy was appointed Chief Financial Officer in December 2007. He is a chartered accountant with over 17 years of professional experience and holds a (Honours) Bachelor Degree of Business Administration from Wilfrid Laurier University. He has held several senior financial positions in the mining and exploration, consumer goods and high tech industries.

Joseph Chiummiento - Officer & Corporate Secretary
Acting in a capacity as Corporate Secretary since December 2007, Mr. Chiummiento has brought his experience working closely with various management teams of public and private business. As an Ontario lawyer he has been directly involved with a junior oil and gas exploration company, a titanium sponge producer and a gold/silver exploration company.

Strategic Advisors

James D. (Jim) Excell - Project Development and Strategic Partners
Marcus Mueller - Business Development
Miller Mathis & Co., LLC - Financing and Strategic Partners

Directors

John Gingerich, P.Geo. - Chairman, President & CEO
Daniel Botes - Director & COO
Gary Williams - Director & VP Environmental
Robert Kaplan, P.C., Q.C., B.A., LLB - Director
Bernard Swarbrick - Director


NEWS UPDATE

On August 31, 2010, Advanced Explorations Inc. announced that XinXing Pipes Group Co. Ltd. has completed its initial review and site visit of Advanced Explorations Inc.'s Roche Bay project and based on its positive assessment has committed to finalizing negotiations to a formal agreement by October 15, 2010.

On August 23, 2010, Advanced Explorations Inc. provided update on the Company's recent field programs, the Alaska Iron Sands project and the due diligence process of China XinXing Pipes Group.

The Company has completed the first phase of its regional assessment of other commodity opportunities on the Melville Peninsula. Based on the promising conclusions of the team, AEI has expanded its 100% holding to over 140,000 acres outside of the original Joint Venture area and added an additional 15,000 acres within the Joint Venture.

On April 29, 2010, Advanced Explorations Inc. announced a non-brokered private placement of up to 17,000,000 units at a price of $0.22 per unit for aggregate gross proceeds of up to $3,740,000. Each unit consists of one common share and one non-transferable common share purchase warrant with a term of twelve months from the closing date of the offering.

On April 26, 2010, Advanced Explorations Inc. reported an update on the metallurgical work performed on the drill core composite samples of its Roche Bay Project in Nunavut.

Results received indicate that the Roche Bay Project can deliver a high quality iron product alongside its proposed nugget operation. This positive finding means that concentrate production could be sold into the traditional seaborne iron ore trade providing cash flow in addition to that from the production of iron nuggets.

On April 23, 2010, Advanced Explorations Inc. announced that it plans to commence its summer field program in late May. The primary focus of the program will be to advance the Roche Bay Project. Work is also planned for the Tuktu Deposit, but the scope and scale will be finalized once the final metallurgical report is received.

On November 24, 2009, Advanced Explorations Inc. announced that it is appointing Lei (Eric) Guo to its board of directors. Eric Guo is President of China Mining Finance Partner Co. Ltd. (CMFP), a consulting company providing services to the Chinese natural resource investment community with offices in Toronto, Canada, and Beijing, China.

On June 10, 2009, Advanced Explorations Inc. announced positive economics from a Preliminary Economic Assessment of its Roche Bay Magnetite Project located on the east coast of the Melville Peninsula in Nunavut, Canada. The project indicates potential US$2.76 billion Net Present Value in the assessment.

Highlights include:

· Annual production of 1 million tonnes of high value 96% - 98% Fe direct-reduced iron ("DRI") nuggets. Net Present Value before taxes at a 10% discount rate: US$2.76 billion at US$750/tonne nugget.

· Project payback of approximately three to five years on base case assumptions.

· Inferred Resource of 357 million tones grading 28.1% total iron at a 25% iron cut-off for the C-Zone only.

· Three years of baseline environmental studies have been completed.

· The Project is located adjacent to a deep water ocean harbor providing AEI with a wide range of efficient construction, development and shipping options.

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