Advanced Explorations Update on $5 Million Convertible Debenture

Advanced Explorations Inc. (OTC Other: ADEXF; TSX-V: AXI) has been advised that XinXing Ductile Iron Pipes (“XDIP”) proposes to establish a specific purpose, wholly-owned Hong Kong based subsidiary for purposes of completing the $5 million convertible debenture financing.  XDIP indicated that the Hong Kong company will serve as a platform for the successful completion of the Financing and will also help facilitate the development of the Roche Bay Iron Project.  The formation of this subsidiary is necessary to obtain required Chinese government consents and approvals, and XDIP is confident in securing same in a timely manner.

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