Adanac Moly names MacLeod as VP of project development

2005-02-21 14:19 ET - News Release

Mr. Larry Reaugh reports

ADANAC HIRES V.P. OF PROJECT DEVELOPMENT (MOLY @ $28.50(US)/LB)

Adanac Moly Corp. has appointed Michael MacLeod, PEng, to the position of vice-president, project development. Mr. MacLeod will be responsible for all project development, operational activities, assembling and leading an experienced team of professionals for furthering the Ruby Creek molybdenum project.

Mr. MacLeod's formal education includes a BSc, Eng (mining), an MEng (mining) and an MBA. A seasoned mine developer, Mr. MacLeod has more than 25 years experience as a consultant for or an employee of several major and junior mining companies. He has been responsible for major capital projects, feasibility assessments, marketing and environmental studies.

Mr. MacLeod is looking forward, with enthusiasm, to the challenges of transforming the Ruby Creek molybdenum property into a producing mine. The directors and management of Adanac welcome Mr. MacLeod.

We seek Safe Harbor

Website: www.adanacmoly.com

"Larry W. Reaugh"

Larry W. Reaugh,
President and Chief Executive Officer

Trading Symbol: AUA-TSX-Venture

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