Adanac Receives Environmental Certificate for Ruby Creek Project

Adanac Molybdenum Corporation (TSX: AUA) (Pink Sheets: AUAYF) (Frank: A9N) is pleased to confirm the British Columbia government has issued an Environmental Assessment Certificate for the company’s Ruby Creek molybdenum project.

"We are pleased that the government has deemed our plan for the Ruby Creek project to be in compliance with its regulatory requirements," said Michael E. MacLeod, President and Chief Executive Officer. "The Certificate is a major milestone in Adanac’s progress toward the development and operation of Ruby Creek, which we expect to be the first new, large-scale, primary molybdenum mine in 25 years."

Integral to the comprehensive review of the project was input from the community of Atlin and the Taku River Tlingit First Nations, which participated in all aspects of the examination. “We are pleased that the community and First Nations supported the application and we look forward to continuing this healthy relationship throughout the life of the mine,” Mr. MacLeod said.

On Behalf of Management

ADANAC MOLYBDENUM CORPORATION

Michael MacLeod,
President & Chief Executive Officer

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