Coalbed Methane (CBM) Corral Message Board

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Gold/Mining/Energy : Coalbed Methane (CBM) Corral

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From: LoneClone	4/21/2008 9:23:04 PM
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Admiral Bay Updates the Revloc Project in the Appalachian Basin, Pennsylvania Mon Apr 21, 5:23 PM ca.news.finance.yahoo.com CENTENNIAL, COLORADO--(Marketwire - April 21, 2008) - Admiral Bay Resources Inc. (TSX VENTURE: ADB.V) ("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". The TSX Venture Exchange does not accept responsibility for the adequacy of this release. Contacts Steven Tedesco Admiral Bay Resources Inc. President & C.E.O. (303) 350-1255 (303) 617-8956 (FAX) Email: stedesco@admiralbay.com Robert Carington Admiral Bay Resources Inc. CFO (303) 350-1255 (303) 708-1861 (FAX) Email: rcarington@admiralbay.com Website: www.admiralbay.com

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