Mining (Admiralty) - Press Release - March, 31,
Ruby Mining Company Sails
to Site of Shipwreck
ATLANTA, March 31, 2005 (PRIMEZONE) -- Ruby Mining
Company (OTCBB:RUBM), conducting operations through
its subsidiary, Admiralty Corporation (Admiralty),
announced today that its ship, the New World Legacy,
is scheduled to depart from Port Royal Jamaica
tomorrow to the site of the shipwreck that it
recently arrested. When on site, the area to be
investigated will be filmed and documented. Upon
arrival, a more complete examination will be initiated
to better map areas of interest.
Personnel from Corazon a Corazon, Admiralty's
joint venture partner will accompany the New World
Legacy, on their ship, the Corazon Grande. It
is expected that valuable time will be saved due
to the past experience of the Corazon a Corazon
personnel who have already dived the site of the
wreck. We are anticipating conducting a quick
check of the cannons to determine their status
and then to move on to the area that it is believed
that the ship sank.
Admiralty has retained Abiyoyo Productions, Inc.
to film and document the examination and recovery
of artifacts from the shipwreck. It is intended
that a documentary will be produced to preserve
the recovery work and to maintain a history of
the findings. Abiyoyo Productions is an Atlanta,
Georgia based film and video production company,
with experience in broadcast, corporate, non-profit,
educational, under-water and specialty projects
such as this.
Please visit our website at: www.admiraltycorporation.com
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