Ball Mill for Adanac's Ruby Creek Molybdenum Project Awarded to Outokumpu Technology

Adanac Molybdenum Corporation. ("ADANAC") (TSX VENTURE: AUA)(PINK SHEETS: AUAYF)(FRANKFURT: A9N) is pleased to announce that the company, in conjunction with its engineering contractor Amec America Limited ("AMEC"), has completed a detailed technical and commercial evaluation of bids received for the supply of the ball mill for the Ruby Creek Molybdenum Project near Atlin, B.C. A letter of award has been issued to Outokumpu Technology Minerals Processing North America for the fabrication of this key item complete with motors, controls and essential spare parts. Work will commence immediately. The commercial terms have been ratified by Outokumpu Technology and Adanac. Delivery is scheduled for the latter part of 2008.

The mill, 22 ft diameter and 27 ft in length with steel liners will be built with grate discharge utilizing Outokumpu Technology's patented Turbo Pulp Lifter (TPL) technology. It will be capable of processing 1100 tonnes/hour of milled ore to the flotation section. Powered by two synchronous motors continuously drawing approximately 8 MW this unit operation is the core of the milling process.

Adanac is proud to have Outokumpu Technology's mill as key component for the Ruby Creek Project.

On Behalf of Management

ADANAC MOLYBDENUM CORPORATION

Michael MacLeod, President & Chief Executive Officer

This news release may contain certain "Forward-Looking Statements" within the meaning of Section 21E of the United States Securities Exchange Act of 1934, as amended. All statements, other than statements of historical fact, included herein are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations are disclosed in the Company's documents filed from time to time with the Toronto Venture Exchange, the British Columbia Securities Commission and the US Securities and Exchange Commission.

The TSX-Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.