Cambrex Corp. (CBM)

[Lone Clone]

Admiral Bay Updates Activity in SE Kansas Projects
Tue Jun 3, 4:52 PM

http://ca.news.finance.yahoo.com/s/03062008/28/link-finance-news-admiral-bay-updates-activity-se-kansas-projects.html

CENTENNIAL, COLORADO--(Marketwire - June 3, 2008) - Admiral Bay Resources Inc. (TSX VENTURE: ADB.V) ("Admiral Bay" or the "Company") is pleased to update activity in its projects in SE Kansas. In the Shiloh field, the Company has ordered two new electric compressors that will replace its current gas powered unit allowing increased sales and lower operating costs. Delivery is scheduled for late summer. It has also seen success utilizing compressed air to clean up near wellbore damage in several wells. This method, termed "huff and puff" injects air into the reservoir that loosens up coal fines that have flowed to the near well bore resulting in restriction to the flow of water and gas. The method as applied has turned around wells that may have been damaged by fracing with flow rates increasing up to 150% as a result. The cost is minimal and three to five wells can be done in a day. A "huff and puff" test program has also been carried out in the Devon field on 4 wells with similar results.

In the Mound Valley field, the Company has commenced a 20 well drilling program that will extend its production to the west and test new acreage. A new amine plant and dehy have been installed and additional upgrades to the gathering system are ongoing to handle the anticipated production from the new wells.

In the Santa Rita project, the Company is reviewing proposals to fracture stimulate the coals as well as the Chattanooga (Woodford) shale in its existing wells. It expects to test these wells this summer.

The Company has granted 750,000 options at $0.29 (CDN) to various employees, officers and directors of the company. The options vest over a period of two years and are exercisable for a period of five years until June 3, 2013.

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