NEWS RELEASE
SURFACE RIGHTS ACQUIRED
FOR CRESTON MOLYBDENUM DEPOSIT,
SONORA, MEXICO
April 8,
2008���������������������������������������������������������������������������������������������������� News Release #9-08
Creston Moly Corp. ("Creston" or the "Company")
(TSX-V: CMS) is pleased to announce that its wholly owned Mexican subsidiary,
Exploraciones Global S.A de C.V. (�Global�), has acquired the surface rights
covering 1,200
hectares (3,000 acres) from the Ejido of Opodepe, Sonora,
Mexico. The surface rights cover the Main El Creston deposit and the
surrounding area, which will be used to accommodate future development.
Jonathan George, President and CEO, comments; "This is a crucial step on
the path to production and unique in that it is an outright purchase rather
than the more typical lease arrangement. It also underscores the co-operative
relationship the Company has established with the people of Opodepe".
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 Creston Molybdenum Project contains the following mineral resources at a
0.035% Mo Cut-off grade:
|
Category
|
Tonnes
|
Mo%
|
Cu%
|
Mo lbs
millions
|
Cu lbs
millions
|
|
Indicated
|
92,873,000
|
0.083
|
0.060
|
169.9
|
122.8
|
|
Inferred
|
84,221,000
|
0.076
|
0.050
|
141.1
|
92.8
|
1. Mineral resources which are not mineral reserves do
not have demonstrated economic viability. The estimates of mineral resources
may be materially affected by environmental, permitting, legal, title,
taxation, sociopolitical, marketing or other relevant issues.
2. The quantity and grade of reported inferred
resources in this estimation are conceptual in nature and there has been
insufficient exploration to define these inferred resources as an indicated or
measured mineral resource and it is uncertain if further exploration will
result in upgrading them to an indicated or measured mineral resource category.
3. The mineral resources referred to herein have been
estimated in an NI 43-101 technical report (the �P & E Report�) prepared
for the Company in January 2008 by independent qualified persons Eugene
Puritch, P. Eng. and Dr. Wayne Ewert, P. Geo. of P&E Mining Consultants
Inc. The P & E Report is available at www.sedar.com.
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
For further information please contact
Mr. Jonathan George
604-694-0005
604-684-9365 (FAX)
Website: www.crestonmoly.com
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.
