Admiral Bay Resources Inc. (TSX VENTURE:ADB) ("Admiral Bay" or the "Company")
announces that it has entered into an agreement to sell the Company's interests
in the assets related to the southeast Kansas gas production in the Devon Field
for US$127,085.30 in cash, which represents 6 times its calendar year 2011
operating cashflow. The assets are being sold to Running Foxes Petroleum, a
private company controlled by Admiral Bay's CEO Steven Tedesco and the
transaction is subject to approval of the TSX Venture Exchange. Proceeds will be
used to finish the Company's FY 2011 audited financial statements as well as
interim FY 2012 financial statements. Upon completion and filing of the
financial statements, the Company will apply to the TSX Venture Exchange for a
resumption of trading in its common stock.


The Company retains certain royalty interests in southeast Kansas as well as its
Pennsylvania assets and may seek buyers for these assets in the future. The
Company is also continuing to review its strategic alternatives in light of low
natural gas prices including a possible merger or sale of the Company. 


Admiral Bay Resources Inc. (www.admiralbay.com) is an 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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