ADANAC � PRESENTATION AT RODMAN AND RENSHAW CONFERENCE IN NEW YORK

November 14, 2008 - Vancouver, British Columbia

Adanac Molybdenum Corporation ("Adanac or the Company" - TSX: AUA, Pink Sheets: AUAYF, Frankfurt: A9N) announces that on November 11, 2008, Peter Jones, Chairman and CEO made a presentation on Adanac and its Ruby Creek Project at the Rodman and Renshaw Conference in New York City, New York.

To view the presentation, please visit our website at www.adanacmoly.com and access �Adanac Management Presentation� on the splash page.

Adanac continues to reconstruct its website and expects the addition of �menu and inner pages� shortly.

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 attempting to source construction funding and if funding becomes available prior to the end of 2008 will start site construction in February 2009 with production in Q4, 2010.

Information Contact

Peter R. Jones � Chairman, and CEO
Suite 200 � 2055 152 Street, Surrey, B.C.  V4A 4N7
Telephone: 604-535-6834    Facsimile: 604-536-8411

Email: info@adanacmoly.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.adanacmoly.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.