ADB Admiral Bay Resources Inc.

Admiral Bay Resources Inc. (TSX VENTURE:ADB) ("Admiral Bay" or the "Company") is
pleased to report record production and revenue for the fiscal year ended July
31st, 2008. Revenues (after royalties) were $5.7 million, an increase of 64%
from the prior period driven by increases in production of 30% and higher
commodity prices. Production (before royalty) averaged 2,376 mcfpd compared to
1,739 mcfpd in the prior period. Production costs were $3.58/mcf, a decrease of
3% from the prior period and G&A expense was $2.05/mcf, a decrease of 41% from
the prior period. Earnings for the fiscal year were a loss of ($8.2 million)
versus ($5.4 million) in the prior period due primarily to the non-cash change
in the mark-to-market of the Company's natural gas hedges as well as higher
amortization and interest costs.


The annual reserve report, as filed on Form 51-101 F1, based on forecast process
and costs reported gross Proved reserves of 57.6 BCF (42.8 BCF net after
royalty) with pre-tax net present value discounted at 10% ("PV-10") of $117.2
million which is an overall increase of 31% and 27% respectively from 2007. The
Company reported Probable and Possible reserves of 17.5 and 178.4 BCF
respectively (13.2 and 116.3 BCF respectively net after royalty). For the 2008
fiscal year Admiral Bay had capital expenditures of $7.6 million which included
$1.2 million for the purchase of the Ft. Scott properties in May of 2008. The
Ft. Scott properties and the associated interest in the Bourbon County Pipeline
were purchased via the issuance of 3 million shares of the Company's stock.


Based on fiscal 2008 capital expenditures the Company achieved a proved finding
and development cost for the year of $0.75/MCF. Admiral Bay's four year average
all-in Finding Cost of $1.20/MCF is based on overall capital expenditures for
the four year period of $52.4 million (including $15.6 million for
acquisitions). The four year average full cycle Finding & Development cost
(including future development costs of $22.9 million) was $1.72/Mcf.


President and CEO Steven Tedesco commented "The record annual results highlight
the progress we are making in increasing production and Proved reserves while
decreasing production costs and G&A expense. In addition to our excellent
finding and development costs, which show the viability of our Kansas CBM
projects in nearly any commodity price environment, we are anticipating moving
our Revloc project in Pennsylvania to commercial development in fiscal 2009.
Admiral Bay is looking forward to another record year in 2009 as the Company
achieves additional scale, cost reductions and significant production growth".


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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