ROCHE BAY PLC ANNOUNCES DIVIDEND UPDATE

Canada -- (MARKET WIRE) -- 10/08/07 --

                                         Eurolife Building, Suite 3G                                                       1 Corral Road                                                        P.O. Box 515                                                           Gibraltar                               TEL: +350.59995 or +44 (207) 101 9425                                             FAX: +44 (207) 900 3292                                                     www.rochebay.gi                          ROCHE BAY PLC DIVIDEND UPDATE 

Gibraltar, 8th October 2007

Roche Bay plc ("Roche Bay") (US OTC: RCHBF) today announces that subject to the necessary time required to complete regulatory filings and the preparation of rights certificates, the issuance of dividends to all shareholders of record on June 4 2007, will now take place on November 15 2007 as opposed to October 8 2007, the date previously outlined in its statement dated June 6 2007.

As of November 15 2007, Roche Bay plc's shareholders will be free to convert their Advanced Explorations Inc's ("AXI") (NEX: AXI) share purchase rights to AXI common shares upon payment of C$0.35 per right for up to three years.

Under the terms of the agreement, the dividend grants one share purchase right in AXI for every two shares of Roche Bay held at the record date. These share purchase rights were received by Roche Bay on June 4 2007 but due to the regulatory requirements of the Toronto Stock Exchange were unable to be transferred to Roche Bay shareholders for a period of 120 days.

This dividend represents the first step in providing liquidity to Roche Bay shareholders for their stake in Roche Bay. This will be followed by Roche Bay seeking a stock exchange listing in Europe, which is expected to occur during 2008.

                                      -ENDS- Enquiries: Timothy Grey The Millbrook Partnership London +44 (0)20 7520 9455 

ABOUT ROCHE BAY PLC

Roche Bay (US OTC: RCHBF) is a mineral assets holding company with a large iron ore resource base in northeast Canada consisting of two groups of ore bodies: the Eastern which is the current focus, and the Western which will support an inter-generational life of mine. The Company is domiciled in Gibraltar. Its ultimate majority shareholder is Borealis Exploration Limited (US OTC: BOREF). Please see the Company website at www.rochebay.com for more details.

ABOUT Advanced Explorations Inc.

AEI, based in Toronto, Canada, has been developing a strategy to leverage its expertise and experience in identifying business opportunities within the petroleum and mineral industries. AEI has the technological and exploration expertise to assist advancement of the Roche Bay iron ore project, as well as develop new opportunities in the area and globally. Shares of the company trade on the NEX board of the Toronto Stock Exchange under the symbol AXI.

                    This information is provided by RNS         The company news service from the London Stock Exchange