ADB Admiral Bay Resources Inc.

Admiral Bay Resources Inc. (TSX VENTURE:ADB)("Admiral Bay" or the "Company") is
pleased to announce the completion of a US$100,000,000 Amended and Restated
Advancing Term Credit Facility provided by GasRock Capital LLC ("GasRock").


Admiral Bay and GasRock have entered into a US$100,000,000 Amended and Restated
Advancing Term Credit Facility dated August 29, 2007. Under the terms of the
credit facility, the Company has initial availability of US$22,500,000, with a
further US$2,500,000 available upon delivery of a new reserve report, which is
anticipated to be complete by September 30, 2007. Further advances will be
subject to a borrowing base calculation including proved reserves from new wells
drilled or acquired. The facility will have an interest rate that will float
based on LIBOR and will initially be approximately 13%. The maturity date under
the credit agreement is August 29, 2010 and provides for the grant of various
security interests, including a first lien on substantially all of the assets
held by the Company. GasRock has also been granted a royalty interest of between
2% and 4% in the oil and gas interests of Admiral Bay.


The Company will use the proceeds of this new credit facility to pay off the
outstanding debt on its existing credit facility of approximately US$18,400,000
and to expedite the development of its unconventional gas projects in the
Cherokee Basin in southeastern Kansas and the Appalachian Basin in Pennsylvania.
This will include connecting wells that have been drilled from last year's
development program that have not been completed, continuation of the well
optimization program at the Shiloh, Mound Valley and Devon projects, additional
pipeline work to connect a number of new areas to the sales line and new
development well drilling.


As part of the credit agreement terms, the Company has entered into a costless
collar on 40,000 mcf per month for 24 months at a realized floor price of $5.50
per mcf and a ceiling price of $7.95 per mcf (approximately $6.65 to $9.10
implied NYMEX price).


"We are pleased that after a lot of hard work we have reached a favorable
conclusion to the "strategic alternative" process, stated Steve Tedesco,
President of Admiral Bay. With the funding from this facility we can now
aggressively move forward to connect all wells that have been awaiting tie-in
from the 2006 Development Program and then get back to drilling new wells in the
fourth quarter of the year".


RBC Capital Markets acted as financial advisor to Admiral Bay.

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.


About GasRock

GasRock Capital LLC is the investment affiliate of Weisser, Johnson & Co.
specializing in direct mezzanine debt and project equity investments. The
Houston-based fund makes investments in oil and gas development drilling and
midstream natural gas energy projects in sizes ranging between $5 million and
$100 million, or larger. GasRock was founded in June 2005 and has over $450
million of facilities in place.


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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