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

Adanac Molybdenum Corporation

April 16, 2007 12:24 ET

Adanac Molybdenum Corporation: Conditional Approval Received for Listing on the Toronto Stock Exchange

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - April 16, 2007) - Adanac Molybdenum Corporation (Adanac) (TSX VENTURE:AUA)(PINK SHEETS:AUAYF)(FRANKFURT:A9N) is pleased to announce that it has received conditional approval to list its Common Shares on the Toronto Stock Exchange ("TSX"). It is expected that the Common Shares will start to trade on the TSX on or before June 26, 2007, under the symbol "AUA".

Upon listing on the TSX, Adanac's Common Shares will be de-listed from the TSX Venture Exchange.

On Behalf of Management

ADANAC MOLYBDENUM CORPORATION

Michael MacLeod, President & Chief Executive Officer

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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