Advanced Explorations In announced preliminary analyses from its recently acquired nickel and copper property located on the Melville Peninsula. The property is located approximately 10 kilometers south of the Tuktu and 50 kilometers north of the Roche Bay iron ore projects within the mutual area of Interest with Roche Bay plc located on the Melville Peninsula, Nunavut, Canada.

The property, known as the BIL showing, returned nickel values to 0.80% nickel and copper values over 10,000 ppm from sulphide samples associated with a gabbroic intrusion. The Geological Survey of Canada examined the BIL showing in 2009 and reported 0.58% Ni, 0.15% Cu. The nickel and copper prospect was worked by Aquitaine Company of Canada Limited in the early 1970's. In 1973, approximately 2000 feet of core was drilled but no results were released a common practice then to prevent competition.

In November 2010, the released GSC Open File 6729 reported the discovery of high grade nickel, copper and cobalt at Adamson River very close to the Company's recently staked western claim group on the west side of the Melville Peninsula. The GSC report describes massive, semi massive and disseminated sulphides within a possible peridotite with assayed nickel values ranging from 0.7% Ni to 8.0% Ni. Vale has recently acquired a large area of land within the central area of the Melville Peninsula close to AEI's Western holdings.

With today's copper and nickel prices exceeding USD 4.25 and USD 12.50 per lb respectively, the nickel copper exploration potential of the region could provide an additional benefit to the AEI shareholders. While the Company remains iron ore focused, it is AEI's objective to include evaluation of the nickel copper potential in this year's up to USD 1.5 million Western Melville exploration program, depending on project merit that was initially focused on the previously announced high grade silver, copper, gold and molybdenum prospects. The planned program has sufficient funds to drill test prospects that after detailed ground inspection, warrant drill testing with one to 3 short holes.

Mr John Gingerich president and CEO of Advanced Explorations said that "The entry of Vale into the area is interpreted to validate the GSC's assessment of the region as having significant nickel and copper potential. We may be seeing the beginning of a new nickel district located on the Melville Peninsula. Should future exploration programs yield further discoveries, the Company is very well placed to take advantage of this opportunity and enhance shareholder value.”