Company Information for Admiral Bay Resources Inc.

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Company Statement

Admiral Bay Resources Inc. is an emerging unconventional gas coalbed methane (CBM) and shale production company focused on development of projects in the United States. The Company's objective is to build a mid-tier gas producer.

The strategy to achieve this is two fold. First, the Company acquired properties in the early stage of development, which are located next to strong gas markets, and secondly, to only focus on the development of unconventional gas and shallow conventional oil and gas plays.

Admiral Bay is currently developing six projects having a total land position in excess of 166,121 net acres. The Company continues to increase its land position in most project areas. All projects are in areas with current production and existing pipeline infrastructure.

Development of the Company's projects began in March 2004. To date, Admiral Bay has drilled and/or reactivated more than 405 wells. Work to connect the remaining wells to the pipeline is ongoing and will be the Company's focus in the short term. Admiral Bay will focus on development of the Shiloh, Thayer, Mound Valley and Devon projects in south eastern Kansas and the Revloc project in Pennsylvania.

Operations and Technology

Admiral Bay's corporate objective is to become a mid-tier gas producer by:

• Acquiring properties in the early stages of development for coalbed methane and conventional oil and gas located next to strong gas markets, and by;
• Focusing on the development of coalbed methane, shale gas and shallow conventional oil and gas plays.

CHEROKEE BASIN, Kansas, United States
Admiral Bay is developing 5 gas projects in the Cherokee Basin. The Shiloh, Devon, Thayer, Mound Valley, Swordfish and Santa Rita Projects are located in the south eastern portion of Kansas. Admiral Bay has amassed over 150,000 acres within the project areas, and is continuing to increase its land positions on the projects.

Shiloh Project
The Shiloh Project is a 18,400 net acre project located in Allen and Neosho Counties, in eastern Kansas. This is Admiral Bay's most advanced project.

Mound Valley Project
The Mound Valley CBM Project is 28,700 net acre project located in Labette County, in eastern Kansas. The Company has over 75 wells in production at this project.

Devon Project
The Devon Project is a 31,800 net acre project located in Bourbon County, in eastern Kansas.

Santa Rita Project
The Santa Rita Project is a 13,800 acre project located in the Greenwood County, Kansas. The project will be a focus for the Company in the 2nd and 3rd quarter of 2008.

Thayer Project
The Thayer Project is a 10,000 acre project located in Neosho and Wilson counties, in southeastern Kansas.

REVLOC PROJECT - Appalachian Basin - Pennsylvania, United States
The Revloc Project is located in Cambria County, in southwestern Pennsylvanian near the town of Ebensburg. Admiral Bay holds a 50% Working Interest in this 18,642 acre project with possible reserve of 22.88 Bcf (billion cubic feet) based on the Questa Engineering reserve report of July 31, 2008.

The Company has drilled seven test wells with its partner and is awaiting construction of a pipeline to start selling gas. The coals vary from 300 to 1,200 feet and have gas contents ranging from 59 to 590 scf per ton dry ash free with an average of 275 scf per ton dry ash free. Three of the seven wells were initially tested by venting to atmosphere and did achieve commercial volumes of natural gas. The wells are now shut in awaiting the pipeline. T

The Company has acquired a 50% working interest in 6,000 acres in the Marcellus shale in Cambria with its partner. The potential resource is a gross 25 BCF per 640 acres. The Marcellus is an active and exciting shale gas play.

The Company is continuing to lease in the area for both coal bed methane and Marcellus shale acreage.

Board of Directors and Key Management

STEVEN TEDESCO	President & C.E.O.
ROBERT CARINGTON	CFO
BILL POWERS	Director
STEVEN QUOY	Directo
VERN SWANSON	Director

Company Address 7060 South Tucson Way Suite B Centennial, United States 80112 Telephone: 303-350-1255 Facsimile: 303-617-8956 Email: stedesco[at]admiralbay.com Website: http://www.admiralbay.com

Additional Address/Key Contact Steven Tedesco, President & CEO stedesco@admiralbay.com Robert Carington, CFO rcarington@admiralbay.com

Capital Shares issued & outstanding; 73,736,586 Warrants; 0 Options; 5,572,000 Fully diluted; 79,308,586

Related News

13/10/09 - Muted Gas Prices Prompt Admiral Bay Resources To Start Another Strategic Review
09/07/09 - Admiral Bay Signs A US$5.75 Million Farm-Out Deal To Drill 50 Wells On Its Kansas Properties
05/05/09 - Admiral Bay Resources Adds To Its Core Cherokee Basin Assets Through US$2 Million Acquisition
16/02/09 - Admiral Bay Resources Continues to Ramp Up Production On Its US CBM Projects
13/01/09 - Admiral Bay Resources Cranks Up The Numbers On Its US CBM Projects
05/12/08 - Unconventional Gas Producer Admiral Bay Resources Achieves Record Production With More To Come in Q1 2009

Most Recent Statement

07/10/09 - ADMIRAL BAY ENGAGES FIG PARTNERS AS FINANCIAL ADVISOR TO EVALUATE STATEGIC ALTERNATIVES
01/07/09 - Admiral Bay Reports Signing $5.75 Million Farmout Deal in Kansas
31/03/09 - Admiral Bay Reports Record Production for Second Quarter 2009
12/02/09 - Admiral Bay Reaches Record Production Levels in Kansas
05/01/09 - Admiral Bay Reports Record Production for First Quarter 2009
03/12/08 - Admiral Bay Reports Operational Update and Record Production for November 2008