Advanced Explorations Inc. announced that it has completed an internal review of the Roche Bay Feasibility Study process with the study author, TetraTech Wardrop, and that the results of the study will be released in July 2012 with the filing of the complete report 45 days thereafter. Pursuant to the completed trade-off studies and technical project inputs, the Feasibility Study ("FS") will be based on an initial 5.5 Million Tonnes per year production (nominal) of 66% iron concentrate with initial mining development to be commencing at the project's C Zone. The company is also examining opportunities regarding long term operating cost reductions through alternative power solutions and future production expansions. The near-shore location of the mine and low infrastructure requirements continue to provide significant cost advantages and future production flexibility.