Adanac Molybdenum Corporation

Adanac Molybdenum Corporation

May 01, 2007 14:49 ET

Adanac Molybdenum Corporation: Incentive Stock Options

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - May 1, 2007) - Adanac Molybdenum Corporation (TSX:AUA)(PINK SHEETS:AUAYF)(FRANKFURT:A9N) -

The Company will grant incentive stock options to purchase an aggregate of 50,000 shares in the capital stock of the Company. The option will be granted for a period of five years commencing May 1, 2007, at $2.27 per share.

The Employee/Director stock options are subject to the approval of the regulatory authorities.

On Behalf of Management


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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