Admiral Bay Provides Guidance for Fiscal Year 2006 and 2007.

DENVER -- Investor Conference Call Scheduled Tuesday, March 14, 2006 at 10:30 EST 

Admiral Bay Resources Inc. (TSX VENTURE:ADB) is pleased to provide guidance for the fiscal years ending July 31, 2006 and 2007 and provide an operations update.

Admiral Bay Resources Inc. ("Admiral Bay" or the "Company") currently plans to be drilling 18 to 20 wells a month for the balance of FY 2006 and for FY 2007, assuming current market conditions. Based on this expected level of drilling activity and an assumed average initial gas production rate of 30 Mcf/day per well, increasing at 3% per month, the Company expects to produce between 0.3 and 0.4 net Bcf of gas in fiscal 2006 increasing to between 2.5 and 3.5 net Bcf of gas in fiscal 2007. Targeted net exit rates are between 2.5 and 3.5 MMcf/day for fiscal 2006 and between 10.0 and 13.0 MMcf/day for fiscal 2007. Admiral Bay has previously provided guidance based on a gross production and calendar year basis. Admiral Bay in the future will base guidance on the end of the fiscal year which is July 31st.

The pricing that the Company currently receives for its gas in the Cherokee basin in eastern Kansas will all be tied to the Southern Star index once our tap in Mound Valley is complete. Historically the Southern Star index has traded at about a US$1.00 discount to NYMEX, although it can vary substantially from month to month based on market factors. In the Appalachian basin in Pennsylvania the Company expects to receive an approximate US$1.50 premium to NYMEX once it establishes production currently anticipated this summer.

As the Company increases production it anticipates it should see a significant improvement in its lease operating expense ("LOE") a general and administrative expense ("G&A") on a per unit basis. The Company is targeting LOE and G&A per unit to decrease to US$1.50 and US$1.20 per MCF respectively by the end of fiscal 2006 and further decrease to US$0.95 and US$0.50 per MCF respectively by the end of fiscal 2007.

Once the previously announced bank facility is closed and assuming industry conditions remain favorable, the Company expects to have adequate liquidity to completely fund the capital program necessary to achieve these goals.

Production Update - Production at the Shiloh project has increased to between 1.1 to 1.25 MMcf/day and continues to increase. Six new wells have been added to the system and are in the process of dewatering and currently making gas. Installation of an additional compressor at the project has now occurred and will allow for increased gas production of up to 2 MMcf/day, before the company is required to add additional compression at the project.

CONFERENCE CALL

Tuesday, March 14th, 10:30 am Eastern Standard Time

You are invited to attend a conference call to discuss the progress of the Company's operations on Tuesday March 14, 2006 at 10:30am Eastern Standard Time.

The dial in numbers are: [phone] in Toronto, or Toll Free at 1-866-497-3339. Callers should request the Admiral Bay Resources Investor Update chaired by Steve Tedesco, President and CEO of Admiral Bay.

If you are unable to attend this call, it will be posted to the Company's website (http://www.admiralbay.com/investor/presentation.cfm) the day following the conference call. You will be able to access the call by clicking on the Investor Area and going to "Presentations and Interviews" on the menu.

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.

The information presented herein may contain predictions, estimates and other forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Although the Company believes that its expectations are based on reasonable assumptions, it can give no assurance that its goals will be achieved. Important factors that could cause actual results to differ materially from those included in the forward looking statements include the timing and extent of changes in commodity prices for oil and gas, the need to develop and replace reserves, environmental risks, competition, government regulation and the ability of the Company to meet its stated business goals.

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 ad equacy of this release.

Admiral Bay Resources Inc. (TSX VENTURE:ADB)