Advanced Explorations Inc. announce it has engaged Miller Mathis & Co. LLC for the purpose of assisting the Company in finding strategic and/or financial partners to further its Roche Bay Project in Nunavut, Canada. As the Company expects to release its preliminary economic assessment in the near future, it is looking for a partner with the capability, depth and experience that will enhance the development of the Company’s Roche Bay Project.
John Gingerich, President and CEO of AEI, commented; “Introducing a financial or strategic partner to our project is the next important step supporting our efforts to advance the Roche Bay Project to a development stage. We are pleased to be able to engage a reputable organization such as Miller Mathis in assisting us with this process.”
Robert M. Miller, Senior Managing Director of Miller Mathis, said: “We are delighted to assist the company in finding a strategic/financial partner to develop the Roche Bay project. We believe that the company and the project have a number of compelling attributes that will make it desirable to the investment and mining community.”
The Company also wishes to announce that in furtherance to the press releases dated June 13, 2008 and July 17, 2008, the Company will not proceed with the Melville Capital Corporation debenture and equity financing. AEI is looking forward to the new opportunities that the Miller Mathis team can bring forward.
ABOUT Advanced Explorations Inc.
AEI, based in Toronto, Canada, is exclusively focused on developing high quality iron ore opportunities. In early 2007 the Company expanded its capabilities in iron ore exploration and development with the acquisition of strategic management personnel. AEI has the management, technical and exploration expertise and experience to rapidly advance the Roche Bay magnetite project, which was acquired in June 2007, as well as, to develop new opportunities in the area and globally. The Roche Bay magnetite project is located proximal to a natural harbour which makes it potentially one of the world’s premier iron ore opportunities. Shares of the company trade on the TSX Venture Exchange under the symbol AXI. For more information please visit www.Advanced-Exploration.com.
ABOUT Miller Mathis & Co. LLC
Miller Mathis is an affiliate of Rodman & Renshaw, a U.S.-based broker dealer (NASDAQ: RODM ). Miller Mathis is widely recognized as the No. 1 independent investment bank to the global steel, metals and mining sector. The company specializes in strategic advice and mergers and acquisitions, with particular experience in finding strategic or financial partners and buyers for development stage projects and companies. Robert M. Miller, the Senior Managing Director of Miller Mathis, is an internationally renowned expert in steel, metals and mining.