Aeris Environmental Ltd T.AEI

Roche Bay announcement

[waIlabe_short]

Advanced Explorations Inc. Corporate Update

    TORONTO, Aug. 24 /CNW/ - Advanced Explorations Inc. (the "Company" or
"AEI") is pleased to announce the Company continues to advance its plans with
respect to the potential development of the Roche Bay magnetite (Iron) project
located in Nunavut, Canada. A program has been implemented that is designed to
enhance our current understanding of the deposit's metallurgy and proposed
iron reduction process. Additional core studies are also being undertaken with
the objective to facilitate redefinition of a portion of the current inferred
resource to an indicated status (per NI43-101 standards). The program
objective is to more precisely define the requirements of a definition drill
program (resource to measured classification) that will be part of a
Definitive Feasibility Study. Additional engineering studies will also examine
the power plant designs and how surplus power might be integrated into a
regional development strategy.
John Gingerich, President & CEO of AEI, commented:
"We are extremely pleased with the success of our recent financings that
allows the Company to remain on track to the completion of a Definitive
Feasibility Study in 2010. Our Preliminary Economic Study confirmed that we
have a very viable project and we remain confident AEI will play a significant
role in the Nunavut and Federal Governments' Arctic development strategy."
AEI also announces that, pursuant to the Company's Stock Option Plan
approved at the June 25, 2009 Annual General Meeting and subject to TSX
approval, it intends to issue a total of 650,000 options to consultants and
management at a price of $0.17 per common share exercisable in whole or in
part on or before five years from the date hereof.