Advanced Explorations Inc. Provides Corporate Update

TORONTO, ONTARIO--(Marketwired - Jan. 16, 2015) - Advanced Explorations Inc. (TSX VENTURE:AXI)(FRANKFURT:AE6) (the "Company" or "AEI") is pleased to provide an update on its restructuring discussions with its strategic shareholders/partners. A key component of AEI's corporate restructuring plan includes realignment of its underlying royalty agreement entered into on March 31, 2009 (the "Royalty Agreement") with Roche Bay plc and Roche Bay East Limited (collectively "Roche Bay") in response to current market conditions. Pursuant to the Royalty Agreement, in order to maintain its right to increase its ownership from 75% to 100%, AEI is to pay Roche Bay a Mandatory Minimum Payment (as defined in the Royalty Agreement) of $1,000,000, due as of December 15, 2014. Although this payment remains outstanding, AEI and Roche Bay have been in continued negotiations to determine a mutually acceptable path forward. Both parties intend to complete an extension agreement which would provide adequate time for AEI to restructure its corporate affairs in light of current market conditions and allows for the facilitation of the Parkson Star Ltd. (HK) ("Parkson") joint venture (as previously press released on May 13, 2014).

Shares For Debt

AEI has entered into settlement agreements (the "Settlement Agreements") with various arm's length creditors of the Company. Pursuant to the Settlement Agreements AEI would issue common shares of the company at a deemed price of $0.05 per common share in full and final settlement of the amounts owing to such creditors (the "Shares for Debt Settlement"). The board has approved a maximum of $350,000 to be settled and a total of 7,000,000 common shares to be issued to the creditors.

The board and management of AEI believe that the proposed Shares for Debt Settlement is a good opportunity for the Company to reduce certain liabilities that will remain after the close of the Parkson joint venture. Additionally, management believes this transaction is in the best interest of the Company as the creditors have agreed to settle the debts for common shares at a price per share representing a significant premium to the closing market price of the company's common shares on the TSX Venture Exchange on January 15, 2015.