Agoracom

yes, it is being promoted as a nice moly play, however you left out the word SMALL. Ruby Creek is massive. Drill holes cost the same no matter the size of the play. It takes ten yrs to get a mine up and working. Funds like big plays for their investors. So you go with your strenght (Ruby Creek) and look for other sexy looking plays in the mean time. It is no easy task to go from and exploration company to a producer. Never mind the risk of drilling worthless holes in the earth. Tami Mosi may have more $ potential than the Crowrea.

Adanac Molybdenum Corporation (TSX: AUA) (Pink Sheets: AUAYF) (Frank: A9N) today announced it has extended the closing of the financing previously announced on April 16,2008 to the end of the week in response to documentation delays and the Victoria Day Holiday in Canada.

Adanac Molybdenum Corporation 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. This news release has been reviewed by Michael MacLeod, P.Eng. a qualified person pursuant to National Instrument 43-101 and the President and Chief Operating Officer, of the Company.

On Behalf of Management

ADANAC MOLYBDENUM CORPORATION

David Stone,
Chief Executive Officer