"

American Land Lease, Inc.

After we have completed these surveys and have
evaluated their potential along with the archival data which we have on the
sites, each site will be prioritized concerning next steps. As the sites are more clearly identified and after a given site
is either arrested or permitted, more information concerning that site will
be shared.

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The
community provides an opportunity for ANL to create significant incremental
value through effective marketing and execution of the home sales business
resulting in absorption of the remaining unleased home sites. The survey is expected to be
completed this week.

sale eastern

"

Admiralty Holding Company

For some time Admiralty has sought partners who have reason to believe that
they know the location of valuable wrecks.

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The gated community contains 205 occupied home sites and an additional
107 home sites that are fully developed. Captain Fismer has a partner in
the site and they brought the site to us because of the New World
Legacy's excellent surveying capability.

Please share the adventure with us.

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Admiralty
does not undertake to update any of its forward-looking statements that may
be made from time to time.

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near asian

More information concerning Admiralty
may be found on our web site www. 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 2004 on Form 10-KSB filed with the SEC) which could cause actual
results or events to differ materially from those anticipated.

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Captain Fismer has a wealth of
knowledge concerning the location of potentially valuable wreck sites and
has a proven record in the search and recovery of valuable ship wreck
artifacts.

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We will utilize
our skills in the senior lifestyle living and community development business
to create another high-quality ANL community," said Bob Blatz, ANL's President
and COO. is a real estate investment trust (REIT) that
holds interests in 30 manufactured home communities with 7,488 operational
home sites, 1,083 developed expansion sites, 1,270 undeveloped expansion sites
and 129 recreational vehicle sites. In some of the
sites , we may require a permit to proceed.

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ANL plans to build on the current
quality community, which includes a clubhouse, 10 acres of open space, nature
trails and a recreation area, and introduce its sales and marketing team to
complete the community build-out.

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American Land Lease Announces Acquisition of Arizona Community

100 old

, American Land Lease,
Inc.

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Named by the Manufactured Housing Institute
as the "Land Lease Community of the Year Over 150 Sites (West)" in 2003, the
community enables ANL to expand its Arizona holdings beyond the Phoenix area
but retains the focus on age-restricted , quality communities.
Admiralty Holding Company (OTC BB: ADMH)
(Admiralty) announced today that its research ship, the R/V New World
Legacy, has begun an electronic survey of an area in the Gulf of Mexico
which may contain the sunken remains of an old ship which is thought to
have carried valuable historic artifacts.com and information
concerning Captain Carl Fismer can be found on his web site
www.

artifacts having

The Reserve at Fox Creek, a 312 home site community in Bullhead City,
Arizona , in northwest Arizona across the Colorado River from Laughlin, Nevada,
represents a quality addition to ANL's age-restricted portfolio of residential
land lease communities. Situated overlooking the Colorado River basin near
the Arizona/Nevada state border, this 56-acre site provides residents with a
lifestyle near boating, mountains and Nevada gaming activities while having
easy access to Las Vegas, just 100 miles away.

Admiralty CEO G.

Sites having for sale historical artifacts (at least 100+ years old) vintage Ethnographica, and/or coins.

treasure historical

(NYSE: ANL) today announced the acquisition of The Reserve at Fox Creek,
for an aggregate purchase price of approximately $11 million.

PRESS RELEASE Admiralty Holding Company Surveys Potential Treasure Site

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Howard Collingwood stated, "Admiralty is partnering with
Captain Carl Fismer concerning this site.

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"The acquisition of The Reserve at Fox Creek provides a great addition to
our Arizona properties, while expanding to areas outside of Phoenix. We are negotiating with Captain
Fismer on several additional sites which we hope to be able to survey over
the next several weeks.

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admiraltycorporation.

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CLEARWATER, Fla.

Forward -Looking Statements Caution:

This release contains "forward-looking statements.

coins ethnographica

divefortreasure .com." Such statements are
made pursuant to the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995.

years 100

He added, "This acquisition allows us to leverage the investments we
have made in internal systems over the last few years and build value for ANL
shareholders. After the electronic survey results are evaluated, a
decision will be made concerning next steps.