Adanac Molybdenum Corporation
TSX VENTURE : AUA
PINK SHEETS : ANCGF
FRANKFURT : A9N

Adanac Molybdenum Corporation

October 13, 2006 15:32 ET

Adanac Announces Market Matters CEO Radio Interview

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Oct. 13, 2006) - Adanac Molybdenum Corp. (TSX VENTURE:AUA)(PINK SHEETS:ANCGF)(FWB:A9N) ("ADANAC"), announces President and CEO Larry W. Reaugh will be interviewed by Market Matters Radio program Saturday, October 14th at 11 a.m. PST. He will be one of three CEO's of junior resource sector featured along with Industry speaker: John McGonegal: Vice-President, Equities - AMEX Exchange. Mr. Reaugh will discuss the Ruby Creek Project, a proposed open pit molybdenum mine situated 24 kilometers northeast of Atlin, BC, which would operate at 20,000 tonnes per day of ore for 20 plus years and have an overall footprint of approximately 830 hectares. Mr. Reaugh will also discuss the current status of the proposed mine and how the company will minimize any long term environmental effects and maximize socio-economic benefits to the local community, Taku River Tlingit First Nation and British Columbia.

Market Matters will be broadcast nationwide on 14 AM radio stations across the Corus Radio Network, at 2:00 pm EST and will reach approximately 300,000 listeners. For more information on the Market Matters Radio program, this week's schedule, and a complete listing of participating radio stations, please visit: http://marketmattersradio.com/.

On Behalf of Management

ADANAC MOLYBDENUM CORP.

Teresa Piorun, Corporate Secretary

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 Toronto 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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