Admiral Bay Resources Inc.

Admiral Bay Resources Inc.

March 29, 2005 17:11 ET

Admiral Bay Announces Oil Well Discovery at the Swordfish Project in Kansas


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: ADMIRAL BAY RESOURCES INC.

TSX VENTURE SYMBOL: ADB

MARCH 29, 2005 - 17:11 ET

Admiral Bay Announces Oil Well Discovery at the
Swordfish Project in Kansas

TORONTO, ONTARIO--(CCNMatthews - March 29, 2005) - Admiral Bay Resources
Inc. (TSX VENTURE:ADB) announced today that the McKenzie 14-15, located
at the swordfish project in Chautauqua County, Kansas, has been
evaluated by an independent petrochemical company; Bowler Petrophysics
of Denver, Colorado. The McKenzie 14-15 well is part of the previously
announced joint venture agreement (see press release dated December 21,
2004) with Charter Capital Corp. Bowler has estimated the oil in place
for the 80 acre unit for this well as follows:



------------------------------------------------------------------
FORMATION OIL NET PAY INTERVAL
(bbl) (ft) (ft)
------------------------------------------------------------------

------------------------------------------------------------------
Mississippian 700,500 12.5 2,225.5 - 2,237.5
------------------------------------------------------------------
Mississippian 441,400 7.0 2,262.0 - 2,268.5
------------------------------------------------------------------
Cattleman 52,000 2.0 2,011.5 - 2,013.0
------------------------------------------------------------------
TOTAL 1,193,900
------------------------------------------------------------------


The Recovery Factor is subject to reservoir continuity but recovery in
the area generally varies from 10% to 20% for oil. The well is presently
in the final stages of completion and expected to be placed on
production within the next seven days.

The Holyrud 12-15 has been drilled as a direct offset to the McKenzie
14-15, and has encountered similar Mississippian pay zones. Completion
work on the Holyrud 12-15 is expected to begin shortly. The Company has
also permitted four additional wells in the immediate area, to further
define the resource. Both the McKenzie 14-15 and Holyrud 12-14 are
indicating that they will produce gas and right of ways are being
acquired and a pipeline in the process of being started.

Admiral Bay has also finished drilling the House 3-29 and Massey 11-18
as per its agreement with Charter Capital Corp. Both wells encountered
oil and gas shows in the Mississippian zone and gas shows in the black
shales and coals. Pipe was run on both wells.

The Swordfish Project is a 34,000 acre block located in western half of
Chautauqua County, Kansas. The project is located in the heart of the
Cherokee Basin and there are a number of potential conventional as well
as unconventional reservoirs present.

In addition, Curt Huber has been appointed as Vice President of Business
Development. Mr. Huber has been involved in all facets of public
companies for the past 20 years. He has had experience as a director and
officer of several public companies, has done investor relations, raised
funding in the public markets and produces corporate material for public
dissemination.

Admiral Bay Resources Inc. (www.admiralbay.com) is a Canadian listed
oil and gas exploration and development company focused on developing
its U.S. producing projects in the Cherokee Basin in southeast Kansas
and the Appalachian Basin, in Pennsylvania. Coalbed methane (CBM) and
conventional oil & gas production has begun at the Company's Shiloh,
Devon and Quest projects in Kansas and Utah. The Company is listed on
the TSX Venture Exchange.

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".

-30-

Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    Admiral Bay Resources Inc.
    Steven Tedesco
    President & C.O.O.
    (303) 350-1255
    (303) 617-8956 (FAX)
    stedesco@admiralbay.com
    or
    Admiral Bay Resources Inc.
    Curt Huber
    V.P. Corporate Development
    (604) 628-5642 or Toll Free: 1-866-217-1620
    info@admiralbay.com
    www.admiralbay.com
    The TSX Venture Exchange does not accept responsibility for the adequacy
    of this release