Creston Moly Corp.
TSX VENTURE : CMS

Creston Moly Corp.

April 01, 2010 15:24 ET

Creston Appoints Richard J. Hall to the Board of Directors

VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 1, 2010) - Creston Moly Corp. ("Creston" or the "Company") (TSX VENTURE:CMS) is pleased to announce the appointment of Mr. Richard J. Hall to the Company's Board of Directors.

Mr. Hall has over 35 years of mining exploration and development experience. From 1999 to 2008, Mr. Hall served as President and Chief Executive Officer of Metallica Resources Inc., a publicly-traded mining company listed on the TSX and on the AMEX. During his time at Metallica, he was responsible for the financing, construction and commissioning of the Cerro San Pedro mine in Mexico, which has an average annual production of 95,000 to 105,000 ounces of gold and 1.4 to 1.6 million ounces of silver. Mr. Hall was also involved in the El Morro deposit located in Chile from early exploration through to a final feasibility study. This work was done in conjunction with Metallica's operating partner on the project, Xstrata Copper. In 2008, Metallica was part of a $1.6 billion merger with Peak Gold Ltd. and New Gold Inc., which is now known today as New Gold Inc. Previous to Metallica, Mr. Hall held senior management positions with Dayton Mining Corporation and Pegasus Gold Corporation.

"Creston is excited to have Mr. Hall join its Board," said Bruce McLeod, President & CEO. "Richard's experience makes him a valuable addition as the Company advances its El Creston molybdenum project towards feasibility while optimizing and increasing the size of the project to enhance the economics."

Mr. Hall is currently the Non-Executive Chairman of Grayd Resource Corporation and serves on the board of Northgate Minerals Corporation. Mr. Hall also acts as an advisor to Oremex Resources Inc. and serves on the Board of the Denver Gold Group, a not for profit industry organization.

On Behalf of the Board of Directors

CRESTON MOLY CORP.

D. Bruce McLeod, President & CEO

Forward-Looking Statements

This document may contain "forward-looking statements" within the meaning of Canadian securities legislation and the United States Private Securities Litigation Reform Act of 1995. These forward-looking statements are made as of the date of this document and Creston does not intend, and does not assume any obligation, to update these forward-looking statements.

Forward-looking statements relate to future events or future performance and reflect Creston management's expectations or beliefs regarding future events and include, but are not limited to, statements with respect to the estimation of mineral reserves and resources, the realization of mineral reserve estimates, the timing and amount of estimated future production, costs of production, capital expenditures, success of mining operations, environmental risks, unanticipated reclamation expenses, title disputes or claims and limitations on insurance coverage. In certain cases, forward-looking statements can be identified by the use of words such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved" or the negative of these terms or comparable terminology. By their very nature forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Creston to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Such factors include, among others, risks related to actual results of current exploration activities; changes in project parameters as plans continue to be refined; future prices of resources; possible variations in ore reserves, grade or recovery rates; accidents, labour disputes and other risks of the mining industry; delays in obtaining governmental approvals or financing or in the completion of development or construction activities; as well as those factors detailed from time to time in Creston's interim and annual financial statements and management's discussion and analysis of those statements, all of which are filed and available for review on SEDAR at www.sedar.com. Although Creston has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements.

Accordingly, readers should not place undue reliance on forward-looking statements.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact Information

  • Creston Moly Corp.
    Mr. Bruce McLeod
    President & CEO
    604-687-7545 or 888-338-2200 (TOLL FREE)
    or
    Creston Moly Corp.
    Chris Curran
    Investor Relations
    604-687-7545 or 888-338-2200 (TOLL FREE)
    or
    Creston Moly Corp.
    Ken MacDonald
    604-694-0005
    604-689-5041 (FAX)
    www.crestonmoly.com