Agoracom

MONTREAL, May 12 /CNW Telbec/ - Creston Moly Corp. ("Creston" or the
"Company") (TSX-V: CMS) is pleased to announce the appointment of Mr. Richard
Godfrey to its board of directors.
    Richard Godfrey brings a wealth of experience to Creston, having started
his mining career as mine site controller at the Faro and Sa Dena Hes zinc
mines in the Yukon, progressing to corporate controller with Royal Oak Mines,
then to CFO of Triton Mining Corporation, followed by a position as financial
adviser to Ma'aden, the Saudi Arabian State Mining Company. In June 2003, he
became VP Finance and CFO of Breakwater Resources, a multi-mine base metal
producer and, subsequent to this, was appointed VP Finance for EuroZinc
Mining, prior to the merger with Lundin Mining Corporation. Mr. Godfrey is
presently CFO of Sherwood Copper Corp. and is a member and Audit Committee
Chairman of the board of directors of Goldhawk Resources Inc.
    Mr. Godfrey will sit as an independent member of Creston's board of
directors and he has also been appointed as a member of Creston's Audit
Committee.
    The Company has granted to Mr. Godfrey 300,000 options exercisable at a
price of $0.31 per share for a period of five years.

    About Creston Moly Corp.

    Creston Moly Corp. is a Canadian mineral exploration company focused on
the development of the El Creston Molybdenum deposit located 135 kilometres
north-east of Hermosillo, Sonora State, Mexico, near the village of Opodepe.
The El Creston Molybdenum Project contains the following mineral resources at
a 0.035% Mo Cut-off grade:



    Luca Riccio, PhD, P. Geo, a Qualified Person as defined by National
Instrument 43-101, is responsible for the technical information contained in
this News Release.

    On behalf of the Board

    (Signed) "Jonathan W. George"
    President

    The TSX Venture Exchange has not reviewed and does not accept
    responsibility for the adequacy and accuracy of this release.

    Forward Looking Statements: The above contains forward looking statements
that are subject to a number of known and unknown risks, uncertainties and
other factors that may cause actual results to differ materially from those
anticipated in our forward looking statements. Factors that could cause such
differences include: changes in world commodity markets, equity markets, costs
and supply of materials relevant to the mining industry, change in government,
and changes to regulations affecting the mining industry. Forward-looking
statements in this release include statements regarding future exploration
programs, operation plans, geological interpretations, mineral tenure issues,
and mineral recovery processes. Although we believe the expectations reflected
in our forward looking statements are reasonable, results may vary, and we
cannot guarantee future results, levels of activity, performance, or
achievements.