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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
www.macreport.net



 


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