Moly Mines Reports Results of General Meeting and Director Changes

TORONTO, ONTARIO--(Marketwired - Oct. 28, 2013) - Moly Mines Limited (ASX:MOL)(TSX:MOL) (the "Company") held a General Meeting of shareholders today. Prior to the meeting the Company received resignations from directors Mr Michael Braham and Mr David Craig, to take effect at the end of the General Meeting, As a result resolution 1, for the removal of Mr Michael Braham as director, and resolution 2, for the removal of Mr David Craig as a director, were withdrawn. The Company reports the following results of meeting:

1)	Removal of Mr Michael Braham as a Director
	The instructions given to validly appointed proxies in respect of the resolution were as follows:
	For	Against	Abstain	Proxy's discretion
	207,814,507	4,918,120	41,156	860,542
	The motion was withdrawn
2)	Removal of Mr David Anthony Craig as a Director
	The instructions given to validly appointed proxies in respect of the resolution were as follows:
	For	Against	Abstain	Proxy's discretion
	207,794,698	4,921,282	57,503	860,842
	The motion was withdrawn
3)	Election of Mr Bruno Camarri AM as a Director
	The instructions given to validly appointed proxies in respect of the resolution were as follows:
	For	Against	Abstain	Proxy's discretion
	207,917,686	4,637,671	190,023	888,945

	The motion was carried as an ordinary resolution on a poll the details of which are:
	For	Against	Abstain
	207,917,686	5,113,738	254,023
4)	Election of Mr Peter Mansell as a Director
	The instructions given to validly appointed proxies in respect of the resolution were as follows:

	For	Against	Abstain	Proxy's discretion
	207,924,027	4,632,330	189,023	888,945

	The motion was carried as an ordinary resolution on a poll the details of which are:
	For	Against	Abstain
	207,924,027	5,108,397	253,023

As a result of the passing of Resolutions 3 and 4 put to the meeting, Mr Bruno Camarri AM and Mr Peter Mansell were appointed as directors of the Company today.

ABN 32 103 295 521