Molycor Gold Corp.
TSX VENTURE : MOR
PINK SHEETS : MLYFF
FRANKFURT : M1V

Molycor Gold Corp.

September 09, 2009 06:00 ET

Molycor Gold Corp.: Drilling Begins on Windpass Gold Property

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 9, 2009) -

Mr. Larry Reaugh, Chairman and Chief Executive Officer of Molycor Gold Corp. (TSX VENTURE:MOR)(PINK SHEETS:MLYFF)(FRANKFURT:M1V) (the "Company") is pleased to report the commencement of a drilling and trenching program on the 100% owned Windpass Gold Property located 8 km east of Little Fort, British Columbia.

The drill program consists of a total of 10 - 12 BQ thin wall diamond drill holes exploring the previously sampled outcrop zones, including the new area located at the east end of the Hail Zone, as well as four holes at twenty-five meter spacing along the east - west trending Weather Station Zone below the previously announced rock sample #WP09-AR-07, which graded 316,500 ppb AU (see news release dated July 27, 2009).

The trenching program will consist of up to eight 40 meter trenches covering untested zones between the Windpass and the Sweet Home Mines.

The property has eighteen gold zones (two of which produced 34,456 troy ounces of gold from 102,946 tons from 1933-1939). Prior trench sampling on three of the gold zones returned 36.94 grams Au/tonne (1.08 troy ounces/ton) over 0.58 meters (1.9 ft) and 44.97 grams Au/tonne (1.32 opt Au) over 0.10 meters (0.33 ft) on the North, Sleet and Weather Station Zones.

About Molycor Gold Corp.

Molycor is a diversified precious, specialty and base metal exploration and development company focusing on magnesium, molybdenum and gold exploration in North America.

This release was reviewed by Andris Kikauka, P. Geo., a qualified person recognized under National Instrument 43-101.

On Behalf of Management

Larry W. Reaugh, Chief Executive Officer

For all Molycor Gold Corp. investor relations needs, investors are asked to visit the Molycor Gold Corp. website at www.molycor.com.

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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