Admiral Bay Resources Inc.
TSX VENTURE : ADB

Admiral Bay Resources Inc.

May 06, 2008 17:02 ET

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

Leasing of additional acreage increases company total 40% to 26,200 gross acres

CENTENNIAL, COLORADO--(Marketwire - May 6, 2008) - 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".

The TSX Venture Exchange does not accept responsibility for the adequacy of this release.

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