Cambrex Corp. (CBM)

[Lone Clone]

Admiral Bay Announces the Closing of Ft. Scott and BCPL Acquisitions
Fri Jun 13, 9:14 AM

http://ca.news.finance.yahoo.com/s/13062008/28/link-finance-news-admiral-bay-announces-closing-ft-scott-bcpl-acquisitions.html

CENTENNIAL, COLORADO--(Marketwire - June 13, 2008) - Admiral Bay Resources Inc. (TSX VENTURE: ADB.V) ("Admiral Bay" or the "Company") is pleased to announce that, after receiving approval from the TSX Venture Exchange, it has closed its previously announced acquisition of approximately 39,000 net acres, 28 producing and SI wellbores and a SWD well in the Ft. Scott Project that immediately offsets its Devon Project and the 50% interest in the Bourbon County Pipeline ("BCPL") it does not currently own.

The Company issued a total 3 million shares of its common stock to the owners of the Ft. Scott Project and BCPL, which are subject to a statutory hold period until October 14, 2008.

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.
[phone]
[phone] (FAX)
Email: [e-mail]

Robert Carington
Admiral Bay Resources Inc.
CFO
[phone]
[phone] (FAX)
Email: [e-mail]
Website: www.admiralbay.com