Admiral Bay Resources Announces Acquisition of Additional Interest in the Thayer Project in Kansas

* Reuters is not responsible for the content in this press release.

Mon May 11, 2009 11:01am EDT

  CENTENNIAL, COLORADO, May 11 (MARKET WIRE) -- 
Admiral Bay Resources, Inc. (TSX VENTURE: ADB) announces today it has
acquired 280 net acres and three wells adjacent to its Thayer Project for
$100,000 (US) from a third party. The wells presently sell into the
Thayer gathering system and are capable of producing over 80 MMCFGPD and
have one proven undeveloped drilling location based on Company estimates.

    Related to its previously announced acquisition of the Thayer Project,
the Company has entered into a swap agreement for 60 MMCFG per month with
a $5.107 swap price at the Southern Star index beginning June 2009 thru
December 2010. The Company also sold calls on 60 MMCFG per month at $8.00
NYMEX from January 2011 thru April 2012. These new hedges combined with
the Company's existing costless collar for 60 MMCFG per month with a
$5.50 floor and $9.00 ceiling at the Southern Star index that run thru
March 2010 cover over 80% of the Company's gross sales proforma for the
Thayer Project acquisition and provide a stabilizing effect to the
Company's near-term cash flow at prices well in excess of the current
spot prices in its market area.

    In addition, the company has reduced salaries for all field staff and
middle management by 10% and senior management by 20% until the market
fundamentals improve. 

    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".


 
 Neither TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the policies of
the TSX Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release

Contacts:
Admiral Bay Resources Inc.
Steven Tedesco
President & C.E.O.
(303) 350-1255
(303) 617-8956 (FAX)
stedesco@admiralbay.com

Admiral Bay Resources Inc.
Robert Carington
CFO
(303) 350-1255
(303) 708-1861 (FAX)
rcarington@admiralbay.com

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