Advanced Explorations Inc. Announces Eric Guo as CEO

TORONTO, ONTARIO--(Marketwired - March 20, 2014) - 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 27^th, 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 (> 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.