Admiral Bay Resources Inc. received notice from the TSX Venture Exchange that it has not maintained the requirements for a TSX Venture Tier 2 company and that the Company's listing has been transferred to NEX effective January 28, 2013. The trading symbol for the Company has changed from ADB to ADB.H. There is no change in the CUSIP number. As noted in its press release dated November 28, 2012, the Company continues to be under a cease trade order issued by the TSX Venture Exchange December 6, 2011 when it was unable to file its FYE 2011 financial statements.

The Company has still not been able to find a suitable transaction to allow it to continue as a going concern and does not expect the cease trade order to be lifted in the foreseeable future. It continues to attempt to resolve its outstanding litigation with a former officer of the Company and contest a tax ruling by the State of Kansas while winding up its operations in Pennsylvania and Kansas.

Tags: Admiral Bay Resources Inc.