Molycor Gold Corp.

Molycor Gold Corp.

October 09, 2007 14:46 ET

Molycor Gold Corp.: Appointment of New Chief Financial Officer

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 9, 2007) -

Molycor Gold Corp. (TSX VENTURE:MOR)(PINK SHEETS:MLYFF)(FRANKFURT:M1V) ("the company") is pleased to announce that Kenneth Wright, CGA has been appointed as the Chief Financial Officer of the Company to replace the interim Chief Financial Officer, Edward Lee. Mr. Wright comes to the Company with over 37 years of accounting experience, with the last eighteen years as an associate with BDO Dunwoody LLP. His extensive experience has seen him as Coordinating Board Member for C.G.A. courses with the University of Caledonia and past auditor of the Okanagan Chapter of C.G.A. Association of British Columbia. Mr. Wright is a welcome addition to Molycor's Management team.

On Behalf of Management

Edward Lee, President and Director

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Watch Live Interview with CEO Larry Reaugh on Molycor's website.

This news release may contain certain "Forward-Looking Statements" within the meaning of Section 21E of the United States Securities Exchange Act of 1934, as amended. All statements, other than statements of historical fact, included herein are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations are disclosed in the Company's documents filed from time to time with the TSX-Venture Exchange, the British Columbia Securities Commission and the US Securities and Exchange Commission.

The TSX-Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

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