Advanced Explorations Presenting at Numerous Industry Events
TORONTO, ONTARIO -- (Marketwire) -- 02/22/11 -- Advanced Explorations Inc. (the 'Company' or 'AEI') (TSX VENTURE: AXI)(FRANKFURT: AE6) is pleased to announce that it has been invited to present at various industry and investor conferences this spring. On Wednesday, February 23 at 12:30 p.m., president and CEO John Gingerich will present at the Desjardin Iron Ore Conference at the Fairmont Royal York Hotel (Main Mezzanine Tudor Room 7) in Toronto with senior management attending the conference as well to answer questions.
Advanced Explorations will also provide attendees with an overview of its key asset, the Roche Bay Iron Ore Project, located on the coast of the Melville Peninsula in Nunavut, Canada, at this year's PDAC during a Technical Session on Wednesday, March 9 at 10:50 a.m. in Room 716, Level 700, South Building, Metro Toronto Convention Centre (http://www.pdac.ca/pdac/conv/2011/presentations-tech-sessions.aspx#March_9).
The entire AEI team will be available at the Company's hospitality suite during PDAC on Tuesday, March 8 from 12:00 noon to 7:30 p.m. with a cocktail reception at 6:00 p.m. at Room 205 D, Street Level, North Building, Metro Toronto Convention Centre.
On Friday, March 11 at 10:45 a.m., president & CEO John Gingerich will present at the Steel Markets North America Conference at the Drake Hotel in Chicago during a session geared to the steel producers 'End users' look at the year ahead.'
In addition, AEI is scheduled to attend a panel discussion during the Hong Kong Mines & Money Show on Thursday, March 24 at 10:00 a.m. 'China Mining and Mining Investment Outlook' (http://www.minesandmoney.com/hongkong/about-the-event/conference-programme/day-two). The company is exhibiting during the show on March 23-24 at booth 125.
On April 7th, Advanced Explorations is going to present at the Haywood Iron Ore Conference in Toronto at the Royal York Hotel (Confederation Room), and the Company will also provide an overview of its strategic partnership with XinXing Pipes Group on the Roche Bay Project during the Nunavut Mining Symposium in Iqaluit from April 5-7, 2011.
John Gingerich, president & CEO, commented:
'The increasing interest in Advanced Explorations and its key assets demonstrates not only the growing demand for iron ore products but also the recognition of our team as experts in the industry. We expect that this series of presentations in the spring will significantly build the interest in AEI and the numerous opportunities the Company is exploring'.
ON BEHALF OF THE BOARD
John Gingerich, President & CEO
ABOUT Advanced Explorations Inc.
Advanced Explorations Inc., based in Toronto, Ontario, is a resource development company focused on its Roche Bay Iron Ore Project in Nunavut, one of the world's largest developing iron ore districts. The Roche Bay Project is located proximal to a natural deep water harbour on the coast of the Melville Peninsula in Nunavut, Canada giving it many logistical advantages. The project has an inferred resource of 357 million tones, outlined within a small portion of the potential 140 km of banded iron formation. This iron formation incorporates the Roche Bay deposits, the Company's Tuktu deposits and other targeted deposits in areas to the north, south and west of the Company's Roche Bay Project. The preliminary economic assessment from the Roche Bay deposit alone indicates a potential net present value of US $1.1 billion, and the potential for rapid advancement into development of either iron concentrate or high value iron nugget products. 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.
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Contacts:
Advanced Explorations Inc.
(416) 203-0057 x226