UPDATE – I was right about the Heirloom Ring, CM Slorkuz just confirmed it on the EU WoW forums. He was kind enough to post the stats it’ll grant at 80:

Dread Pirate Ring
Binds on Account
Unique-Equipped
Finger

+34 Stamina
Requires level 1 to 80 (80)
Equip: Improves critical strike rating by 53.
Equip: Improves hit rating by 29.
Equip: Experience gained from killing monsters and completing quests increased by 5%.

Once they deploy a new build on the PTR I’ll post the stats for every bracket. In the meantime, you might want to read up on the event here. The second reward you can pick is the fishing boots:

Boots of the Bay
Binds When Picked Up
Feet
Requires Fishing (200)

Equip: Increased Fishing +15.
Use: Whisks you away to the finest drinking establishment in Booty Bay. (1 Day Cooldown)

I hope Blizzard didn’t forget to give the boots itemlevel 1 aka vanilla enchants only, because if the quest has no requirement other than fishing, we might see 19 twinks with tbc/wotlk enchant. Stay tuned!

Related posts:

  1. Patch 3.3 – Dread Pirate Ring – Stats per Bracket
  2. 3.3 Kalu’ak Fishing Derby – A New Heirloom Ring?
  3. Did you get an Extra Set of Boots?
  4. 2 Twinks, 4 hours… Shut out on Gnome Lock, 2 Boots for new Druid.
  5. Get Your Lucky Fishing Hat and Nat Pagle’s Extreme Anglin’ Boots