ATLANTA, Dec. 15, 2004 (PRIMEZONE) -- Ruby Mining Company (OTCBB:RUBM), conducting operations through its subsidiary, Admiralty Corporation (Admiralty), announced today that its ship the New World Legacy is enroute to Kingston, Jamaica to prepare for returning to work at the Pedro Bank in the first quarter of next year. As previously announced, the New World Legacy had left the area when the hurricane season began and was due to return at the end of the year.
The first tasks will be to resume ground truthing operations and to take steps to positively identify the wrecks that were discovered during the surveying operations on C Shoal at the Pedro Bank. As part of the continuing operations, a laboratory for restoration will need to be available. Plans are underway for the construction of this laboratory and an announcement with more details will be made soon.
Please visit our website at www.admiraltycorporation.com for other news.
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.