Replies to post #107 on Mexican Mining

[Ed Monton]

Admiral Bay Announces Initial Drilling Results at Its
Monte Del Favor Silver-Gold Project

TORONTO, ONTARIO--Admiral Bay Resources Inc. (TSX.V: ADB) today
reports initial drilling results from the first four holes
drilled at its Monte del Favor Silver-Gold property in Jalisco
State, Mexico. Drilling continues on the Phase I exploration
program budgeted at US$500,000 that is composed of geological
mapping, sampling and drilling. Drill holes to date total 756
meters.

The assay results from the first four holes drilled in November
and December 2003 have been completed. The four holes together
intersected 8 quartz vein structures that contain sulphide
mineralization with visible argentite; a silver sulfide. A total
of 16 intersections returned assay results greater than 100 g/t
Silver (Ag) and 3 intersections better than 0.50 g/t gold (Au)
(See Table Below).

The first hole successfully intersected mineralization at the
south-east boundary of the known historical resource, and
provides optimism that there is an eastern extension to the vein
structures. MDF03-1 intersected 3 discrete quartz veins of 0.5 m,
1.0 m and 1.5 m in width at depths of 10.0 m and 16.5 m. One vein
at 16.0 m to 16.5 m assayed 143.5 g/t Ag hosted in altered
andesite cut by numerous narrow quartz veins mineralized with
manganese and oxidized sulfides. At 29.5 m to 30.5 m an assay of
3.20 g/t Au was returned in an altered andesite with 3% manganese
and fine quartz veinlets. The hole targeted at shallow depths an
exploration target from geological data derived during the
mapping and trenching program.

The second hole was drilled to test possible western extension of
the El Favor Mine. MDF03-02 intersected one mineralized zone at
142.0 m to 142.5 m which returned 133.7 g/t Ag from a narrow
quartz vein containing sulfides and visible argentite. Data is
currently being reviewed in order to determine where best to
re-drill the immediate area.

The third hole was drilled into the central vein structure at the
El Favor Mine. MDF03-3 fell short of the Monte del Favor
mineralized zone due to technical drilling difficulties. Major
Drilling de Mexico S.A. will continue to drill into the
mineralized portion of the Monte del Favor mine in the next few
weeks.

The fourth hole was intended to test mineralization to the near
east of the El Favor Mine. MDF03-4 returned 14 assays better than
100 g/t Ag and 2 assays better than 0.5 g/t Au and six
mineralized intersections of 1 m to 7 m wide. The mineralized
intersections occur in altered andesites cut by quartz veins and
mineralized with sulfides and visible argentite.

The intersections are at 9.2 m to 10.2 m assaying 135.7 g/t Ag
(oxidized agglomeratic andesite), at 23.2 m to 24.8 m assaying
266.1 g/t Ag (strongly oxidized quartz vein with 3% manganese),
at 95.0 m to 110.75 m assaying 159.1 g/t Ag (highly oxidized
andesites and quartz veining with manganese), at 110.75 m to
117.75 m assaying 139.2 g/t Ag and 0.33 g/t Au (highly oxidized
andesites and quartz veining with manganese), at 189.5 m to 190.5
m assaying 105.9 g/t Ag (oxidized quartz veining with manganese)
and at 206.4 m to 207.4 m assaying 129.5 g/t Ag and 0.56 g/t Au
(quartz vein with 1% pyrite and argentite).

The first hole indicated the presence of the fifth vein at depth
and the identification of a gold mineralized altered andesite
with quartz veins. Sampling in the area appears to indicate
better gold mineralization at the eastern end of the property.
The second hole indicates that the Monte del Favor vein continues
to the west but narrows in width. The third hole is inconclusive
until it is completed. The fourth hole shows that the
mineralization trends to the east with encouraging signs of
continuity. Drilling shall continue to follow the mineralization
eastward.

The drilling program is currently underway with holes now testing
beneath the Salomon Mine and drilling a potential western
extension of the Salomon and Hundido Mines.

 
  
        Table 1: Drilling Results at Monte del Favor, Mexico. 
                                                           True 
 Hole     From (m)  To (m)  Ag g/t       Au g/t Width (m)  Width (m) 
 -------------------------------------------------------------------- 
 MDF03-01   10.00   11.00    74.85         0.23     1.00       0.83 
 -------------------------------------------------------------------- 
 MDF03-01   13.50   15.00    60.80         0.29     1.50       1.36 
 -------------------------------------------------------------------- 
 MDF03-01   16.00   16.50   143.50         0.02     0.50       0.45 
 -------------------------------------------------------------------- 
 MDF03-01   29.50   30.50    21.70         3.20     1.00       0.91 
 -------------------------------------------------------------------- 
                                      less  
 MDF03-02  142.00  142.50   133.70    than 0.01   0.50       0.40 
 -------------------------------------------------------------------- 
 MDF03-03   Unfinished; 
            technical  
            issues  
 -------------------------------------------------------------------- 
 MDF03-04    9.20   10.20   135.70         0.03     1.00       0.99 
 -------------------------------------------------------------------- 
 MDF03-04   23.20   24.80   266.10         0.31     1.60       1.43 
 -------------------------------------------------------------------- 
 MDF03-04   95.00  102.00   159.10         0.09     7.00       6.76 
 -------------------------------------------------------------------- 
 MDF03-04  110.75  117.75   139.20         0.33     7.00       6.76 
 -------------------------------------------------------------------- 
 MDF03-04  189.50  190.50   105.90         0.30     1.00       0.97 
 -------------------------------------------------------------------- 
 MDF03-04  206.40  207.40   129.50         0.56     1.00       0.97 
 -------------------------------------------------------------------- 
  
  
 

------------------

Note that the core samples are of HQ and NQ size and split on
site at Monte del Favor, in intervals of 1.0m and 0.5m in
mineralized sections, bagged and sent to LACME for sample prep.
The assaying is all carried out by ACME laboratories in Vancouver
for 36 element ICP analysis and fire assay (FAA) 1 gram tonne for
Au and Ag. Quality assurance and quality control on the assay is
being done by including blank samples at regular intervals and by
sending out every 25th sample to an outside recognized laboratory
as a check on the assays. The results of these check samples are
expected in February. Mr. E. Canova, P. Eng. is the Qualified
Person as defined under National Instrument 43-101 responsible
for the scientific and technical work on the program.

Mineralization on the Monte del Favor property principally occurs
along east-west fault structures dipping north at 70 degrees N and
20 degrees N at the Monte del Favor, Zuriaga and Salomon Mines. A
number of smaller mines also occur along these orientations (Hundido,
Los Chivos, Las Cocinas and Rincon).

The Monte del Favor project is located 80 kilometers west
northwest of the city of Guadalajara in the Sierra Madre
Occidental, which is well known for its many silver-gold
deposits. Admiral Bay has an agreement to earn a 70% interest in
Minera San Jorge's interest in the property.

Admiral Bay Resources Inc. (www.admiralbay.com) is a Canadian
resource exploration and development company with diversified
assets in both the oil & gas and mining sectors. The Company's
Moose River Basin property is being explored for coalbed methane
on over 250,000 acres in the James Bay lowlands of northern
Ontario. The Company's U.S. CBM projects are located in the
Cherokee and Appalachian Basins and have the potential to host up
to 135 BCF of gas. The Monte Del Favor silver/gold property in
Jalisco state, Mexico, has a historical resource of 122,000,000
ounces of silver and 461,000 ounces of gold. The Company is
listed on the TSX Venture Exchange.

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".

-30-


FOR FURTHER INFORMATION PLEASE CONTACT:
Mark Brennan
President & C.E.O.
[phone] or Toll Free: 1 [phone]
[e-mail]
or
Curt Huber
Corporate Development
[phone] or Toll Free: 1 [phone]
[e-mail]
www.admiralbay.com
The TSX Venture Exchange does not accept responsibility for the
adequacy of this release