FOR IMMEDIATE RELEASE
PRIVATE PLACEMENT
Molycor Gold Corp. (TSX.V-MOR; Frankfurt-M1V; Pink Sheets-MLYFF) (�Molycor� or the �Company�) is raising by way of non-brokered private placement up to $560,000 through the issuance of 7,000,000 units (�Units�) at a price of $0.08 per Unit.
Each Unit is comprised of one common share of the Company plus a two year share purchase warrant (the �Warrant�). Each Warrant entitles the holder to purchase one common share at a price of $0.12 for two years from the date of issue.
Any Finder�s Fees payable will be paid in accordance with the TSX Venture Exchange policies.
The private placement is subject to regulatory approval
About Molycor Gold Corp.
Molycor is a diversified precious and base metal exploration and development company focusing on magnesium, molybdenum and gold exploration in North America.
On Behalf of Management
Larry W. Reaugh Chief Executive Officer
For all Molycor Gold Corp. investor relations needs, investors are asked to visit the Molycor Gold Corp. website at www.molycor.com.
Watch the SmartStox Online TV Talk Show with Larry Reaugh, Chief Executive Officer of Molycor Gold Corp. http://www.smartstox.com/interviews/mor/
Information Contact
Larry W. Reaugh
Chief Executive Officer
Head Office: 2A 15782 Marine Drive, White Rock, B.C. V4B 1E6
Telephone: 604-531-9639 Facsimile: 604-531-9634 Email: info@molycor.com
www.molycor.com
Cautionary Notice: The Reader is cautioned that the full Cautionary Notice is not attached to this email. The reader is requested to access the news release on the Company�s website at www.molycor.com or at SEDAR at www.sedar.com to read the full Cautionary Notice. The full Cautionary Notice is not attached as the recipient�s spam filters frequently block receiving emails containing the full Cautionary Notice.
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Molycor Gold is a gold exploration company based in Canada.
Molycor Gold holds various exploration projects in Canada.
Its main asset in production is WINDPASS / SWEETHOME in Canada and its main exploration properties are GRIFFON, BEAVERDELL, DOBBIN I, DOBBIN II, SILVERADO, CROWREA, RIDGE TOP, TKO / HOT DOG RIDGE, FLAP, DAVIS, TAMI-MOSI and EMPRESS in Canada.