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FOR IMMEDIATE RELEASE
NEAR SURFACE MOLYBDENUM INTERCEPTS CONTINUE
AT EMPRESS MOLY PROPERTY
May 28,
2008 - Vancouver, British
Columbia
Goldrea Resources Corp. (GOR-TSX.V; Frankfurt-GOJ;
Pinks-GORAF) and Molycor Gold Corp. (MOR-TSX.V; Frankfurt-M1V; Pink Sheets-MLYFF) are pleased to
announce diamond drill results for holes numbered 7 - 9 on the
Empress molybdenum property, located 15km south of the past producing copper/moly
Brenda mine. The drilling program to date has consisted of 9 holes to test a
730 X 360 meter area for molybdenum (and copper/gold) bearing mineralization.
Drilling continues to expand the mineralized area where previous holes from
2007 assayed up to .093% Mo over 30 meters (98.5 feet). Geochemical analysis
results are as follows:
DDH 07-EMP-7:�������� interval 27-72 m depth������ 45 m (148 ft) @ 0.075% Mo
Includes������������������� interval 42-48 m depth������ 6 m (20 ft) @ 0.138% Mo
Includes������������������� Interval 36-48 m depth������� 12 m (40 ft) @ 0.112% Mo
DDH 07-EMP-8:�������� interval 21�36 m depth������ 15 m (49 ft) @ 0.103% Mo
DDH 07-EMP-9:�������� interval 60-63 m depth������ 3 m (10 ft) @ 0.055% Mo
Assays are being carried out by Pioneer Laboratories of Richmond, BC.
Drilling is currently ongoing and results will be reported as they are received.
This news release was reviewed by John W. Fisher, P. Eng., a qualified
person recognized under NI 43-101.
On Behalf of
Management
Larry W.
Reaugh
President
& Chief Executive Officer
For all Molycor
Gold Corp. investor relations needs, investors are asked to visit the Molycor
Gold Corp. IR Hub at http://www.agoracom.com/ir/molycor where they can post questions and receive
answers within the same day, or simply review questions and answers posted by
other investors. Alternatively, investors are able to e-mail all questions and
correspondence to mor@agoracom.com where they can also request addition to the investor e-mail list to
receive all future press releases and updates in real time.
Information Contact
Larry W. Reaugh
President &
CEO
Head Office: 2A 15782
Marine Drive, White Rock, B.C. V4B 1E6
Telephone: 604-531-9639 Facsimile:
604-531-9634
Email: info@goldrea.com or info@molycor.com
www.goldrea.com����������������������������������� www.molycor.com
The TSX-Venture Exchange has not reviewed and
does not accept responsibility for the adequacy or accuracy of this release.