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

Adanac Molybdenum Corporation

September 18, 2008 09:54 ET

Adanac-Website Update and Reconstruction

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 18, 2008) - Adanac Molybdenum Corporation ("Adanac or the Company") (TSX:AUA)(PINK SHEETS:AUAYF)(FRANKFURT:A9N) announces that effective Friday, September 19, 2008 it will replace its current website at http://www.adanacmoly.com with a splash page display, while the entire site is reconstructed. The splash page, which eventually will be the front page of the reconstructed website, when displayed alone will allow access to news releases and Adanac share price. The menu bar will not be active while only the splash page is displayed.

The splash page is expected to have "inner pages" added to complete the website reconstruction as soon as possible within the following several weeks. The reconstructed website will have a comprehensive and fully active menu bar.

Peter Jones, Chairman and CEO of Adanac said, "I am looking forward to the new website which will be state of the art and reflect the positive nature of Adanac as we gear up for the next stage of project funding for Ruby Creek the most advanced large scale open pit primary molybdenum mine in the world today", he also said, "I apologize to our shareholders for any inconvenience the interim splash page display may cause".

About Adanac Molybdenum Corporation

Adanac Molybdenum Corporation is listed on the TSX and Frankfurt exchanges and owns the Ruby Creek Molybdenum Project in Northern British Columbia. The Company has advanced the project through feasibility studies, a production decision and has previously ordered $137 million of long-lead equipment, completed permitting for construction, constructed a road to the site and secured US$80 million in bridge financing. The Company is sourcing final construction funding and expects a site construction start in February 2009 and production in Q4, 2010.

Cautionary Notice: This news release contains "forward-looking information" within the meaning of applicable Canadian securities legislation and United States securities laws. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "plans", "expects", or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "does not anticipate", or "believes" or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might", or "will be taken", "occur", or "be achieved". Forward-looking information is based on the opinions and estimates of management at the date the information is made, and is based on a number of assumptions and subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward looking information. Many of these assumptions are based on factors and events that are not within the control of the Company and there is no assurance they will prove to be correct. Factors that could cause actual results to vary materially from results anticipated by such forward looking information include risk factors discussed in the Annual Information Form for the year ended April 30, 2008 for the Company available at www.sedar.com. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results not to be anticipated, estimated or intended. There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. The Company undertakes no obligation to update forward-looking information if circumstances or management's estimates or opinions should change except as required by applicable securities laws. The reader is cautioned not to place undue reliance on forward-looking information.

These securities have not been and will not be registered under the United States Securities Act of 1933, as amended, or any state securities law, and may not be offered or sold in the United States unless an exemption from registration is available.

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