Moly Mines Limited

Moly Mines Limited

September 17, 2007 09:00 ET

Colin Agnew Appointed to Board of Moly Mines

TORONTO, ONTARIO--(Marketwire - Sept. 17, 2007) - Moly Mines Limited, (TSX:MOL)(ASX:MOL) is pleased to announce the appointment of experienced operational mining executive Colin Agnew as a nonexecutive Director to the Board of Moly Mines.

Mr Agnew has over 40 years in the mining and mineral processing industry, the last 20 years in senior operational management roles.

Most recently Mr Agnew held the role as Director Alumina Business Development for BHP Billiton Limited following 4 years as General Manager Worsley Alumina Pty Ltd, the 3.1 million tonne per annum alumina producer and associated bauxite mine.

Mr Agnew brings a track record of strong operational successes in the management of complex mineral processing plants and associated mining operations where he achieved efficiencies in operations and increased profitability through productivity increases, strong expansion management and focussed operational cost management.

Mr Agnew graduated from the University of Queensland Bachelor of Engineering (Mining), in 1966 and holds a Masters degree from Sloan School, Massachusetts Institute of Technology. He is also a Fellow of the Australian Institute of Mining and Metallurgy and holds a First Class Metalliferous Mine Managers Certificate, Queensland.

Mr Agnew's appointment coincides with the Company's planned end September completion of the Spinifex Ridge Feasibility Study. His significant operational management experience will be invaluable as the Company transitions the project through the detailed engineering, construction and production phases.

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