Adanac Molybdenum Corporation

Adanac Molybdenum Corporation

July 06, 2007 14:07 ET

CORRECTION FROM SOURCE: Adanac Awards Man Diesel Canada Ltd. Contract to Supply Ruby Creek's Diesel Generator Sets

VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 6, 2007) - With respect to the Adanac Molybdenum Corporation issued earlier today at 6:00am ET, the word "inadvertently" has been changed to the word "concurrently" in the last sentence of the second paragraph. The corrected release follows:

Adanac Molybdenum Corporation ("ADANAC") (TSX:AUA)(PINK SHEETS:AUAYF)(FRANKFURT:A9N) is pleased to announce it has authorized its engineering contractor, AMEC America's Limited ("AMEC") to award Man Diesel Canada Ltd. ("Man Diesel") the contract to supply diesel generator sets for the Ruby Creek Molybdenum project.

Man Diesel will supply four (4) 18V32/40 4-stroke medium speed diesel generators each capable of supplying 7.76 MW. This acquisition raises Adanac's total expenditures committed to major items of equipment to $60 million (Cdn). 2 units are scheduled for delivery in May 2008 with the balance to be delivered in August 2008. It is planned to run 3 units concurrently, with 1 unit remaining on standby.

Detailed engineering is continuing on schedule and the Environmental Certificate recommendation will be submitted to the Ministries by July 25th, 2007.

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 Stock Exchange, the British Columbia Securities Commission and the US Securities and Exchange Commission.

The Toronto Stock Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

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