Adanac Molybdenum Corporation

Adanac Molybdenum Corporation

July 12, 2007 06:00 ET

Infrastructure Development Begins in Atlin for Construction Phase of Adanac's Ruby Creek Molybdenum Project

VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 12, 2007) - Adanac Molybdenum Corporation ("ADANAC") (TSX:AUA)(PINK SHEETS:AUAYF)(FRANKFURT:A9N) is pleased to announce it has begun construction of support infrastructure, in the Atlin area, needed for the development of its Ruby Creek Molybdenum Project.

The Company has purchased land in the town of Atlin and at nearby Surprise Lake some 20kms away along the Ruby Creek access road. Construction is underway on a new ADANAC field office building in Atlin and development has started on a 40 acre staging area at the Surprise Lake site. The staging area will initially be used for staging of construction equipment and materials as well as a construction camp to house the workforce for pre-development and initial construction activities on the access road slated to start this summer.

ADANAC has retained community based contractors and suppliers for the on-going development of the Company's foremost project-its 20,000 tonne per day molybdenum mine/mill complex at Ruby Creek. Reserves, at 143.7 million tonnes are sufficient to ensure more than twenty years mine life. The 2007 field exploration to look for additional reserves is underway with approximately 7,000 meters of diamond drilling planned to test an area north of the Adera fault, a possible extension to the southwest of the open pit area and an area south of the open pit in the Boulder Creek drainage. These areas are, at present, open to the resources contained in the open pit.

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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