Adanac Molybdenum Corporation

Adanac Molybdenum Corporation

March 21, 2006 14:26 ET

Adanac Receives Section 11 Order: Klohn Directed to Submit Documents for Ruby Creek Environmental Application and Permits

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - March 21, 2006) - Adanac Moly Corp. (TSX VENTURE:AUA)(FWB:A9N) ("Adanac") is pleased to announce the Company has received, the procedural order for the Ruby Creek Molybdenum Project issued under Section 11 of the Environmental Assessment Act.

This order defines scope, procedures and method for the environmental assessment of this Project and has been prepared with input from the Taku River Tlingit First-Nation. On receipt of the Section 11 order ADANAC is authorized to submit the applications for permits for the Ruby Creek Project. Kohn Crippen Berger (KLOHN) have been directed to submit the completed documentation to the Environmental Assessment Office within the next two-three days.

The Ruby Creek Molybdenum Project is a proposed open pit molybdenite mine located some 24 kilometers, as the crow flies, north east of Atlin, B.C. scheduled to operate at 20,000 tonnes per day through a concentrator to produce high grade product. Designed to operate for more than twenty years it will bring significant social and economic benefits to TRTFN and local community as well as elevating ADANAC into the rank of becoming a producing mining company.

On Behalf of Management


Larry W. Reaugh, President and Chief Executive Officer

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

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