Tuesday February 06 2007 - News Release

Mr. Michael MacLeod reports:

ADANAC MOLYBDENUM CORPORATION: GENERAL MANAGER APPOINTED FOR RUBY CREEK MOLYBDENUM PROJECT

Adanac Molybdenum Corp. ("Adanac") (TSX VENTURE:AUA)(PINK SHEETS:AUAYF)(FWB:A9N) is pleased to announce that Mr. Mike Petrina has joined Adanac as General Manager for the proposed Ruby Creek Molybdenum Mine.

Mr. Petrina is a professional mining engineer registered in British Columbia and holds an MBA from the University of Athabasca. Having spent over 25 years in the mining industry in open pit and underground operations comprising engineering and supervision, project development, consulting and contracting, his experience is a great asset for the development and operation of the proposed Ruby Creek open pit mine and concentrator.

The Company welcomes Mr. Petrina to the organization, and continues to work on assembling the strong team of professional management that will build and operate the mine.

The Ruby Creek Molybdenum 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 more than twenty years. The Company believes that the proposed mine will minimize any long term environmental effects and maximize socio-economic benefits to the local community, Taku River Tlingit First Nation and British Columbia.

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