May 9, 2005

Adanac assembles team to address socioeconomic, environmental issues for molybdenum development

VANCOUVER, BC-Adanac Moly Corp has assembled a socioeconomic and environmental team to streamline the company's permitting process and facilitate communication with project stakeholders in relation to the Ruby Creek molybdenum mining and production project near Atlin, in the northwest corner of British Columbia. The first step in this initiative was the contracting, in January, of the consulting firm Klohn Crippen to work on the environmental and socioeconomic issues. Subsequently, Adanac has hired Frank Halliday and Jon Belheumer, PhD, to deal directly with indigenous and Atlin area stakeholders. Halliday joins Adanac from the oil and gas industry in northeast BC where he has worked for more than 20 years. Over the past eight years he has dealt with hundreds of projects each year, specializing in stakeholder relations, regulatory and permitting processes and environmental/socioeconomic planning for major oil and gas corporations. Dr Belheumer is well known in the indigenous and mining communities for having resolved the stalemate between Wheaton River Minerals, Golden Bear and the First Nations. His Ojibway and Cree background gives him a deeper understanding of issues confronting Aboriginals in today's workplace and society. Dr Belheumer currently serves as Communications Director for the Aboriginal Miners and Prospectors Association. More information is available from Adanac Moly, 604/531-9639, FAX 604/531-9634, E-mail info@adanacmoly.com, Web site www.AdanacMoly.com.

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