Company Information for Adanac Molybdenum Corporation

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Company Statement

To become the first New Large Scale Open Pit Molybdenum Producer in 25 years

Current Operations

Ruby Creek Project – 220 Million Pounds of Molybdenum
The Ruby Creek Molybdenum Deposit is a low-grade bulk type of molybdenum deposit located, at the headwaters of Ruby Creek in the floor of an alpine cirque.

The location is about 22 kilometers northeast of Atlin, British Columbia and 124 kilometers southeast of Whitehorse, Yukon Territory in the extreme north western corner of British, Columbia, Canada and is accessible from Atlin by 39 kilometres of road. The first 19 kilometres to Surprise Lake is a public road which is graded and in fair condition.

B&C Springs Property – 314 Million Pounds of Molybdenum
The B&C Springs Nevada Molybdenum property is located in Nye County, 12 miles Southeast of Gabbs, Nevada. The Property consists of 46 unpatented lode mining claims and cover a significant part of a large flat tabular molybdenum occurrence measuring approximately 1,195 meters (3,920 feet) long X 465 meters (1,525 feet) wide X 51 meters (167 feet) thick. Prior drilling (66 diamond and RC holes) by US Smelting Refining and Mining (USS RAM) encountered molybdenum, copper and silver values over the area encompassing the tabular structures.

Pine Nut Property - 98.4 Million Pounds of Molybdenum
Pine Nut Molybdenum Deposit: (21 claims) located approximately 20 miles south-east of Carson City, Nevada in Douglas County. The published grade and tonnage on page 58 and 74 of the 1985 US Bureau of Mine Circulation 903-5 and titled “Principal Deposits of Strategic and Critical Minerals of Nevada” are stated at 82 million tons grading .06% Mo. Where historical estimates are referred to the Company has not been able to obtain enough of the original data and has not done the work necessary to verify the classification of the resource or reserve, the Company is not treating them as a NI 43-101 defined resource or reserve verified by a QP, and the historical estimate should not be relied upon. The property was diamond and rotary drilled by American Metals Climax Inc. in the mid 1960’s.

Cucomungo Property - 65 Million Pounds of Molybdenum
Cucomungo Molybdenum Deposit: (36 claims) located approximately 15 miles south-west of Lida in Esmeralda County, Nevada. Past exploration consisted of the drilling of 52 core and rotary holes totaling 31,000 feet in the 1960’s and 1970’s by Bear Creek Mining, Molycorp, Geochemical Surveys Inc. and Duval Corp. Publicly available industry documents report: “Several generations of exploration drilling have partially outlined two Molybdenum deposits on the claims, the Basalt Cap and Roper Tunnel Zones. The Basalt Cap zone contains a drill-indicated resource of approximately 30 million tons grading 0.11% MoS2 (.066% Mo). Based upon somewhat conflicting historical data, the Roper Tunnel Deposit contains a possible resource of 9 million tons grading 0.125 to 0.250% MoS2 (.075% - .150% Mo) (John Prachnau, (1992) Mining Engineer and Geologist.

Geographical Spread

Ruby Creek
The location is about 22 kilometres northeast of Atlin, British Columbia and 124 kilometres southeast of Whitehorse, Yukon Territory in the extreme north western corner of British, Columbia, Canada.

B&C Springs
Located in Nye County, 12 miles Southeast of Gabbs, Nevada USA.

Pine Nut Property
Located approximately 20 miles south-east of Carson City, Nevada, USA in Douglas County.

Cucomungo Property
Located approximately 15 miles south-west of Lida in Esmeralda County, Nevada, USA.

Board of Directors and Key Management

Michael MacLeod	President and COO
Dr. David Stone	CEO
Ed Lee	Vice President/Director
Rick Alexander	VP of Project Development
Mike Petrina	General Manager, Ruby Creek Mine
David Kwok	Chief Financial Officer
Teresa Piorun	Corporate Secretary
Roger Taylor, P.Eng, F.I.M.M.	Director
Neil Seldon	Director
Elston Johnston	Director
Paul Nelson	Director

Company Address #200 - 2055 152nd Street, Surrey BC Canada, British Columbia, Canada V4A 4N7 Telephone: +1 (604) 531-9639 Facsimile: +1 (604) 531-9634 Email: info[at]adanacmoly.com Website: http://www.adanacmoly.com

Additional Address/Key Contact Corporate Office 2A 15782 Marine Drive White Rock, BC  Canada V4B 1E6

Capital 95,347,185 shares outstanding as at April, 26 2007

Annual General Meeting TBA

Year End 30th April

Broker/Analyst Reports

25/02/08 - Objective Capital
18/10/07 - Fundamental Research Corp.

Major Shareholders

March 30, 2007

CDS & CO

CEDE & CO

DYNAMIC DECISIONS STRATIEGIC OPPORTUNITIES

ROYTER & CO

ROYTER & CO (PCTET PRIVATE EQUITY INVESTORS SA)

Related News

04/06/08 - Ruby Creek A Step Closer To Reality For Adanac Molybdenum
15/02/08 - Things Aren’t Easy Up At Ruby Creek, But Adanac Remains On Track
14/06/07 - Adanac Hopes To Be Producing Molybdenum Early In 2009

Most Recent Statement

16/04/08 - Adanac Announces $80 Million Bridge Financing Offer
27/03/08 - Adanac Announces Organizational Changes
27/12/07 - Ruby Creek Receives Approval to Begin Onsite Construction
28/09/07 - Major Mining Equipment Selected and Ordered for Ruby Creek Project
20/09/07 - Adanac Approves Ruby Creek Construction
14/09/07 - Adanac Announces Drill Results