ADB Admiral Bay Resources Inc.

Admiral Bay Resources Inc. (TSX VENTURE:ADB) ("Admiral Bay" or the "Company")
announces that it has received final approval from the TSX Venture Exchange for
the previously announced sale of 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 six times its calendar 2011 operating cash flow. The
property had become uneconomic due to low gas prices and plugging liability for
several wells. As announced on February 16, 2012, the assets will be sold to
Running Foxes Petroleum, a private company controlled by Admiral Bay's CEO
Steven Tedesco. Now that the Company has received the Exchange's approval, it
can close the transaction. The proceeds will be used to finish the Company's
audited financial statements for the year ended July 31, 2011 as well as the
interim unaudited financial statements for the 2012 financial year. Upon
completion and filing of the financial statements, the Company will apply to the
British Columbia and Alberta Securities Commissions for revocation of the cease
trade orders issued against the Company and 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 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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