ADANAC MOLYBDENUM CORPORATION

Adanac Molybdenum Corporation aims to become the world’s first new large scale primary producer of molybdenum in 25 years. The company is currently procuring equipment and advancing development with the goal of bringing its flagship property of Ruby Creek, British Columbia into production in LATE 2009. The company also holds three exploration properties in Nevada.

Ruby Creek Mine
Adanac has started construction of the $640 million 20,000 TPD open-pit mine and mill at its Ruby Creek property near Atlin, B.C., Canada. Recognizing the molydenum trend in late 2003, the company implemented its plan to develop its Ruby Creek molybdenum deposit. It is Adanac's belief is that the mine will be first major primary molybdenum mine to be brought into production, and will enjoy the highest prices resulting in rapid payback of investment.

Nevada Properties
Adanac has three molybdenum and/or copper/molybdenum deposits in the state of Nevada. The B&C Springs copper/molybdenum deposit located approximately 200 kilometers south east of Reno is in a large area that was extensively explored in the 1960s, 1970s, and 1980s by USSRAM sister companies and by others. The Pine Nut molybdenum deposit is located approximately 80 kilometers south of Reno near the California border where a tungsten mine was operated in the 1940s and Climax explored for molybdenum in the 1970s. The Cucamunga molybdenum deposit is located approximately 180 kilometers south south east of Reno near the California border.

The company is advancing the projects with compilation reports, historical data confirmation drilling, and resource/reserve definition drilling to advance the evaluation, development and operation of mines at these sites.