Adanac Retains Barnes McInerney as Investor Relations Advisors

Adanac Molybdenum Corporation (TSX: AUA) (Pink Sheets: AUAYF) (Frank: A9N) is pleased to announce Barnes McInerney Inc. has been engaged to assist in the formulation and implementation of the Company’s investor relations program. Objectives of the program include development of comprehensive and consistent messaging and enhancement of institutional and retail investor awareness of the Company.

Barnes McInerney, based in Toronto, is a well established capital market communications firm with a 20-year track record of assisting junior and senior mining companies in the formulation and execution of effective investor relations programs. The Adanac program will principally focus on the Company’s Ruby Creek Molybdenum property near Atlin, B.C. The Company is rapidly progressing toward mine development as it pursues an ambitious drilling program to expand reserve and resource estimates.

Adanac Molybdenumis engaged in the exploration and development of mines to produce molybdenum and other ferro-alloy metals. Adanac’s flagship property is the Ruby Creek molybdenum project, located near Atlin, B.C. The property contains open pit reserves of 143.7 million tonnes grading 0.059% Mo at a 0.040% Mo cut-off grade. The Project’s environmental assessment recommendation will be forwarded to provincial cabinet by July 25, 2007. Procurement of long lead time equipment has been completed and onsite construction is scheduled to begin upon receipt of applicable permits early in the fall of 2007.

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.