FOR IMMEDIATE RELEASE
INCENTIVE STOCK OPTIONS
March 17,
2008-Vancouver, British Columbia
The Company will grant, to six new employees, incentive stock
options to purchase an aggregate of 375,000 shares in the capital stock of the
Company. The options will be granted for a period of five years commencing
March 17, 2008, at $0.74 per share.
The new key employees include:
F0B7
Ms. Gayle Dalli, Vice President of Finance, who has over 16 years
investment banking experience in Australia and New York, including the
Australian and New Zealand Banking Group and ABN Amro.
F0B7
Ms. Maria
Chung, Audit Risk Manager, who has over 10 years experience establishing work
and accounting protocols with major Canadian industrial and accounting firms,
including ATCO Power and Ernst and Young.
F0B7
Mr. Ron MacKenzie, Chief Assayer, who has over 20 years assaying
experience with Canadian mining operations, the Cantung
Mine, Brewery Creek Mine, and the Snip Mine.
These options are being granted to new
employees that have joined the Adanac team in the
Administration, Engineering/Environmental, Accounting and Corporate Finance
areas.
The Employee stock options are subject to
the approval of the regulatory authorities.
Adanac Molybdenum Corp. is engaged in the exploration and development of mines
to produce molybdenum and other ferro-alloy metals.
Its flagship property is the Ruby Creek molybdenum project located near Atlin, BC. The property contains an open pit
reserve of 157.7 million tonnes grading 0.058% Mo
using a 0.040% cut-off grade.
On Behalf of
Management
ADANAC MOLYBDENUM CORPORATION
Michael MacLeod
President & Chief Executive Officer
Information
Contact
Michael MacLeod
President & CEO
Head
Office: Suite
200 � 2055 152 Street, Surrey,
B.C. V4A 4N7
� Telephone: 604-535-6834 Facsimile:
604-536-8411
Corporate Office: 2A 15782 Marine Drive,
White Rock, B.C. V4B 1E6
� Telephone: 604-531-9639 Facsimile:
604-531-9634
Email: info@adanacmoly.com
The Toronto Stock Exchange has not reviewed and does
not accept responsibility for the adequacy or accuracy of this release.
www.adanacmoly.com
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