Adanac
Announces Resignation of President and CEO and Appointment of New President and
CEO
September 22, 2009 - Vancouver, British Columbia.
Adanac
Molybdenum Corporation (�Adanac� or the �Company�,
- TSX: AUA, Pink Sheets: AUAYF, Frankfurt: A9N) announced today that Mr.
Christopher C. Kirby, President, Chief Executive Officer and Director of the
Company, has resigned his position to pursue a new career opportunity.
Mr. Kirby�s resignation is effective September 30, 2009. Mr. Paul
F. Nelson, a Director of Adanac, has been appointed
the Company�s President and Chief Executive Officer effective October 1, 2009.
Mr. Nelson, who has been a Director of the Company since 2006, is a
Chartered Accountant with extensive senior experience in the areas of corporate
finance, strategic planning, controllership, treasury and restructuring.
For over 20 years, Mr. Nelson held a number of senior positions in
finance at Telus Corporation and since 2001 has been engaged in consulting in corporate finance issues.
The Company thanks Mr. Kirby for his contributions and
wishes him well in his future endeavours.
About Adanac Molybdenum Corporation
Adanac Molybdenum Corporation is listed on the TSX and Frankfurt exchanges and
owns the Ruby Creek Project in northern British Columbia. The Company has
advanced the project through feasibility studies, a production decision and has
previously ordered long-lead equipment, completed permitting for construction,
constructed a road to the site and secured US$80 million in bridge financing.
Information Contact
Christopher C. Kirby � President and Chief Executive Officer
Suite 200 � 2055 152 Street, Surrey, B.C. V4A 4N7
Telephone: (604) 535-6834 Facsimile: (604) 536-8411
Email: info@adanacmoly.com
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