Mr. Larry W. Reaugh is pleased to announce that Adanac Moly Corp. (TSX VENTURE: AUA)(PINK SHEETS: ANCGF)(FWB: A9N) (the Company), in cooperation with the British Columbia Environmental Assessment Office (BCEAO), held the Ruby Creek Molybdenum Project public open house in the community of Atlin, BC on September 14, 2006. This event is an integral part of the public consultation process as required under provincial legislation.
The main purpose of the open house was to provide a forum whereby the community could ask questions, examine, discuss, and express comments first-hand to the Company and BCEAO on all aspects of the project. Information displayed included project timelines, environmental baseline studies, engineering analyses, community and First Nation consultation, economic and employment opportunities, and reclamation concepts. The BCEAO provided information illustrating the steps in the provincial regulatory process.
A total of sixty-six individuals from Atlin, Taku River Tlingit First Nation (TRTFN), and surrounding communities attended. Adanac’s executive and technical staff were available to answer all questions regarding the project. The question and answer period provided the community an opportunity to formally add further comments to the review process. Both the questions and answers will be posted on the BCEAO website, at www.eao.gov.bc.ca.
Adanac Moly Corp. would like to thank the TRTFN, Atlin community, and Klohn Crippen Berger (environmental consultant) for their contributions that facilitated the successful Ruby Creek Molybdenum Project open house.
The Ruby Creek Molybdenum Project public comment period concludes on October 5, 2006.
On Behalf of Management
ADANAC MOLY CORP.
Larry W. Reaugh, President and 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 Venture Exchange, the British Columbia Securities Commission and the US Securities and Exchange Commission.
The TSX-Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
Adanac Moly Corp.
Larry W. Reaugh
President and Chief Executive Officer
(604) 531-9634 (FAX)