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ADB Admiral Bay Resources Inc.

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Share Name Share Symbol Market Type
Admiral Bay Resources Inc. TSXV:ADB TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0 -

Admiral Bay Announces New CBM Leases in the Revloc Project in the Appalachian Basin, Pennsylvania

06/05/2008 10:02pm

Marketwired Canada


Admiral Bay Resources Inc. (TSX VENTURE:ADB) ("Admiral Bay" or the "Company") is
pleased to announce that the Company and its 50% partner in the Revloc Project
have leased an additional 7,590 gross acres of CBM leases. The additional lands
are just north of the Company's existing acreage block and include all the coal
seams. The Company is continuing to expand its acreage position based on the
previously announced positive drilling results in the Revloc Project. The
Company plans to test three of the wells drilled previously as well as drill 3
additional appraisal wells this summer.


The Company also granted 200,000 stock options to a Director for joining the
Board at a price of $0.33 (CDN) a share, vested over a period of two years and
exercisable for a period of five years until May 6, 2012.


Admiral Bay Resources Inc. (www.admiralbay.com) is an emerging unconventional
gas production company focused on the development of projects in the Cherokee
Basin in southeast Kansas and the Appalachian Basin in Pennsylvania. Admiral Bay
is listed on the TSX Venture Exchange under the symbol ADB.


Statements in this release that are not historical facts are "forward-looking
statements" within the meaning of the U.S. Private Securities Litigation Reform
Act of 1995. Readers are cautioned that any such statements are not guarantees
of future performance and that actual developments or results may vary
materially from those in these "forward-looking statements".


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