Creston Moly Receives New Resource Estimate

The estimate is based on data provided from 116 drill holes and the mineral domain polygons interpreted from a total of 111 cross sections.

Highlights of the deposit are as follows:

- Measured and Indicated Resources (at a 0.03% Mo - equivalent cut-off) are estimated to be 176.9 million tonnes averaging 0.071% Mo and 0.046% Cu (278 million pounds of molybdenum contained and 179 million pounds of copper contained)

- 40% of the total Measured and Indicated Resources, approximately 73.5 million tonnes, average 0.103% Mo and 0.054% Cu (167 million pounds of molybdenum contained and 88 million pounds of copper contained) applying a 0.08% Mo - equivalent cut-off

- A near surface, high grade breccia has been defined, within the eastern portion of the deposit, that contains approximately 19 million tonnes of Measured and Indicated Resources averaging 0.098% Mo (41 million pounds of molybdenum contained) at a 0.03% Mo - equivalent cut-off

"The release of this resource estimate is a major milestone for our Company and our shareholders." said Jon George, President and CEO of Creston. "The data confirms that the Creston Molybdenum Deposit is indeed one of the best undeveloped molybdenum deposits in the Western Hemisphere. Furthermore, in the eastern portion of the deposit, the presence of a near surface high grade zone could provide enhanced cash flow during the initial phase of operations."

The Company's COO, Dr. Sadek E. El-Alfy states: "This is an open pittable deposit with excellent infrastructure and logistics in a stable, mining friendly community. We are very pleased about developments to date and with the excellent progress being made on our pre-feasibility study by M3 Engineering and our many technical partners." -- www.cnxmarketlink.com