ADB Admiral Bay Resources Inc.

Admiral Bay Resources Inc. (TSX VENTURE:ADB) ("Admiral Bay" or the "Company") is
pleased to announce that the Company's partner in the Revloc Project has
exercised its option to purchase an additional 25% working interest. The
purchase price is $1,000,000 (US) per the terms of its original agreement for
the additional 25% working interest. The Company is now 50/50 with its partner
in the project and will continue to operate the project.


The partner chose to exercise its option after completing a seven well drilling
program with the Company where the partner paid all of the costs. Evaluation of
the results of the drilling, including core results in four wells, indicated
that the gas contents of the coals are as high as 590 scf/ton dry ash free. The
Company and its partner are proceeding forward with staking an additional three
wells and moving toward testing the existing wells later this spring. The Revloc
Project is located in the hydrocarbon prolific Appalachian basin and is adjacent
to strong gas markets in the Northeastern part of the US.


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".

Admiral Bay Resources Inc. (TSXV:ADB)
Historical Stock Chart
From Jun 2024 to Jul 2024

Admiral Bay Resources Inc. (TSXV:ADB)
Historical Stock Chart
From Jul 2023 to Jul 2024