ATLANTA, Dec. 29, 2004 (PRIMEZONE) -- Ruby Mining Company (OTCBB:RUBM), conducting operations through its subsidiary, Admiralty Corporation (Admiralty), announced today that a Summary of Key Events for the Company that occurred in 2004 has been posted on its web site. Please visit the web site at www.admiraltycorporation.com and take a few minutes to read this summary. This Summary is in keeping with the Company's intention to share more information with its shareholders and other interested parties in 2005.
In other news, Clarence Lott, III, Vice President of Marine Permitting, will go to Jamaica within the next few days to coordinate the construction of our restoration laboratory and coordinate other logistics concerning the immediate steps necessary for us to begin our recovery operations at the Pedro Bank. We anticipate that Clarence will help us immensely to move forward with our Pedro Bank projects.
We are also pleased to report that the New World Legacy has arrived safely and without incident in Port Royal. The ship is currently at anchor in Kingston Harbor with at least some of the crew taking much deserved shore leave before heading out to C Shoal to commence operations to identify the wrecks already located and to begin ground truthing.
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.