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.