Increase in Private Placements

Further to the Company’s news release dated November 4, 2005, the Company wishes to announce that it has increased the size of the flow-through private placement from 3,076,923 units up to 3,480,476 units at a price of $0.65 per Unit (the “units) raising gross proceeds of $2,262,309.

Each Unit will consist on one Common Share and one half of an eighteen month non-transferable share purchase warrant (the “Warrant”). Each whole Warrant will entitle the holder thereof to acquire an additional common share at a price of $0.75 per share.

The Company also announces that is has increased the size of the non-flow-through private placement from 833,333 units up to 1,236,833 units at a price of $0.60 per Unit raising gross proceeds of $742,100.

Each Unit will consist of one Common Share and one non-transferable share purchase warrant. Each Warrant will entitle the holder to purchase one common share at a price of $0.75 for a period of eighteen months from the date of issue.

Proceeds from the Private Placement will be used on the Ruby Creek Molybdenum Project.

The flow-through private placement will be subject to a finder’s fee of 10% cash and 10% agent’s warrants (exercisable at $0.75 for eighteen months on a portion of this placement. The non-flow through private placement will be subject to a finder’s fee of 10% cash, subject to the approval of the regulatory authorities.

On Behalf of Management

ADANAC MOLY CORP.

Larry Reaugh,
President & Chief Executive Officer

The Toronto Venture Stock Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. 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 Venture Stock Exchange, the British Columbia Securities Commission and the US Securities and Exchange Commission.