Roche Bay PLC - Correction Re: Potential IPO

Canada -- (MARKET WIRE) -- 10/09/07 --

                                          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                 CORRECTION: ROCHE BAY PLC POTENTIAL IPO 

Gibraltar, 9th October 2007

Roche Bay plc ("Roche Bay") (US OTC: RCHBF) in its statement of 8th October 2007 released at 10:03 under RNS number 3053F said "This would be followed by Roche Bay seeking a stock exchange listing in Europe, which is expected to occur during 2008." This should have stated " This will be followed by Roche Bay making a decision on a stock exchange listing in Europe, which is expected during 2008". A listing would not be expected until 2009.

                                      -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