June 6, 2005

VANCOUVER, May 26 /CNW/

Adanac Moly Corp. (AUA:TSX.V) is pleased to announce that its proposed Ruby Creek Molybdenum Project Description Report, prepared by Klohn Crippen, has been submitted to the British Columbia Environmental Assessment Office for review to determine the project's environmental assessment requirements. The project report may be viewed at www.adanacmoly.com. The Ruby Creek Project is a proposed open pit molybdenum mine situated 24 kilometers northeast of Atlin, BC, which would operate at 20,000 tonnes per day of ore for 20 plus years and have an overall footprint of approximately 830 hectares. The Company believes that the proposed mine is a sound project that will minimize any long term environmental effects and maximize socio-economic benefits to the local community, Taku River Tlinget First Nation and British Columbia.

Larry W. Reaugh, President and Chief Executive Officer

information: Adanac Moly Corp., 2A 15782 Marine Drive, White

Rock, BC, CANADA, V4B 1E6, Telephone: (604) 531-9639, Facsimile:

(604) 531-9634, Email: info@adanacmoly.com, Visit www.AdanacMoly.com

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