ADANAC � WEBSITE UPDATE AND
RECONSTRUCTION
September 18, 2008 - Vancouver,
British Columbia
Adanac Molybdenum
Corporation ("Adanac or the
Company" - TSX: AUA, Pink Sheets: AUAYF, Frankfurt: A9N) announces that
effective Friday, September 19, 2008 it will replace its current website at http://www.adanacmoly.com with a
splash page display, while the entire site is reconstructed. The splash page, which eventually will be
the front page of the reconstructed website, when displayed alone will allow
access to news releases and Adanac share price. The
menu bar will not be active while only the splash page is displayed.
The splash page is
expected to have �inner pages� added to complete the website reconstruction as
soon as possible within the following several weeks. The reconstructed website
will have a comprehensive and fully active menu bar.
Peter Jones, Chairman and CEO of Adanac
said, �I am looking forward to the new website which will be state of the art
and reflect the positive nature of Adanac as we gear
up for the next stage of project funding for Ruby Creek the most advanced large
scale open pit primary molybdenum mine in the world today�, he also said, �I
apologize to our shareholders for any inconvenience the interim splash page
display may cause�.
About Adanac Molybdenum Corporation
Adanac
Molybdenum Corporation is listed on the TSX and Frankfurt exchanges and owns
the Ruby Creek Molybdenum Project in Northern British
Columbia. The Company has advanced the project through feasibility
studies, a production decision and has previously ordered $137 million of
long-lead equipment, completed permitting for construction, constructed a road
to the site and secured US$80 million in bridge financing. The Company is
sourcing final construction funding and expects a site construction start in
February 2009 and production in Q4, 2010.
Information Contact
Peter R. Jones � Chairman, President & CEO
Suite 200 � 2055 152 Street, Surrey, B.C. V4A
4N7
Telephone: 604-535-6834 Facsimile: 604-536-8411
Email: info@adanacmoly.com