| Ruby
Mining (Admiralty) - Press Release - February
25, 2005
Ruby Mining Company Assists
the Pedro Bank Management Project
ATLANTA, Feb. 25, 2005 (PRIMEZONE)
-- Ruby Mining Company (RUBM), conducting operations
through its subsidiary, Admiralty Corporation
(Admiralty), announced today that they are assisting
personnel from the Nature Conservancy and the
University of the West Indies who are conducting
a study of the Pedro Bank.
The Nature Conservancy along with the University
of the West Indies are partnering with the Jamaican
regulatory and enforcement agencies (the Fisheries
Division, the National Environment and Planning
Agency (NEPA) and the Jamaican Coast Guard Services)
to reduce coral reef degradation by providing
solutions to two main threats not currently addressed
on the Bank -- direct over fishing of resources
and degradation of coral reefs and coral cays
due to unsustainable development. The project
partners are scheduled to conduct a week-long
coral reef assessment in April 2005 as a part
of achieving the main project objectives of filling
critical gaps and developing a management plan
for the Pedro Bank.
A preliminary reconnaissance survey needs to
be done beforehand in order to determine the specific
study sites for the April expedition. This reconnaissance
work is being done this week. The Admiralty Corporation
has agreed to provide support to the project by
extending the use and services of their vessel,
the New World Legacy, for the duration of the
reconnaissance work. This support will include
room and board for the team members and a dive
platform. The team members will be providing their
own scuba diving gear and scuba tanks. The reconnaissance
team will be composed of Nathalie Zenny-Conservation
Planner, The Nature Conservancy Jamaica Country
Program, Dr. George Warner - Director, Center
for Marine Science UWI Mona and Mr. Peter Wilson-Kelly
- Manager, Integrated Watershed & Coastal
Zone Management Branch, NEPA, Officer Coast Guard
Reserve. For additional information please see
postings on the web site, www.admiraltycorporation.com.
In other news, the construction of the Conservation
Laboratory continues. New pictures are added as
they are available. Please visit our website at
www.admiraltycorporation.com
to see pictures.
Forward-Looking Statements Caution:
This release contains "forward looking statements."
Such statements are made pursuant to the safe
harbor provisions of the Private Securities Litigation
Reform Act of 1995. Forward looking statements
are based on expectations, estimates and projections
that involve a number of risks and uncertainties
(some of which are described in the Company's
Annual Report for 2003 on Form 10-KSB filed with
the SEC) which could cause actual results or events
to differ materially from those anticipated. Ruby
does not undertake to update any of its forward-looking
statements that may be made from time to time.
CONTACT: Ruby Mining Company
G. Howard Collingwood, COB & CEO
(404) 231-8500
www.admiraltycorporation.com
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