Admiral Bay Resources Inc.
TSX VENTURE : ADB

Admiral Bay Resources Inc.

November 14, 2005 08:00 ET

Admiral Bay Welcomes Thomas R. Tough To The Board

TORONTO, ONTARIO--(CCNMatthews - Nov. 14, 2005) - Admiral Bay Resources Inc. (TSX VENTURE:ADB) is pleased to announce that Thomas R. Tough, P.Eng. has joined the Board of Directors replacing Mr. Stan Bharti, who has resigned as Director of the Company, to pursue other interests.

Mr. Tough is a geological consultant with over 35 years experience in prospecting, property evaluation, exploration and development, as well as acting as operator and project manager. As a director and senior officer of numerous public and private resource companies, he has negotiated the acquisition of, and participation in various projects and arranged public and private financings. Mr. Tough will assist Steve Tedesco, President of Admiral Bay, in the Company's transition of operations to its Denver office.

Mr. Tough is currently a Director of Ona Exploration Inc., a Canadian junior exploration company focused on the acquisition of oil & gas projects in North America and internationally.

In addition, Admiral Bay continues to narrow its development focus to the Cherokee Basin in Kansas and the Appalachian Basin in Pennsylvania. The Company has sold its interest in the Quest Project in Utah. A large independent producing company based in Denver, Colorado has acquired the Company's interest for US$607,354. In addition to the cash payment, Admiral Bay retains a small override in the existing wells, as well as new wells developed on 1,500 acres in the project area. The purchaser plans to drill several new wells over the next two years.

Admiral Bay Resources Inc. (www.admiralbay.com) is an emerging coal bed methane (CBM) production company focused on the development of projects in the Cherokee Basin in southeast Kansas and the Appalachian Basin, in Pennsylvania. The Company's current gas production is in approximately 1 MMcf/day. 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

Contact Information

  • Admiral Bay Resources Inc.
    Curt Huber
    V.P. Corporate Development
    (604) 628-5642
    Toll Free: 1-866-217-1620
    info@admiralbay.com