Advanced Explorations Inc. (TSXV:AXI) has retained Haywood Securities Inc. to assist in the strategic review process for the development of the Advanced Explorations' flagship Roche Bay iron project located in Nunavut, Canada. Jim Excell, Chairman of Advanced Explorations, said, "We are very excited about the opportunity to engage Haywood Securities as our financial advisor to assist in the progress of our iron ore project. We believe it is advantageous to AEI to work with a financial advisor that has a strong track record in the iron ore sector such as Haywood Securities in our efforts to evaluate all potential strategic alternatives for the Roche Bay Iron Project." Subject to approval by the TSX Venture Exchange, Advanced Explorations will issue 1.25 million shares to Haywood Securities as consideration for the services.