SURREY, BRITISH COLUMBIA--(Marketwire - July 11, 2012) - Adanac Molybdenum Corporation ("Adanac" or the "Company") (TSX VENTURE:AUA) announced today that Maria Tejada has resigned as Chief Financial Officer effective immediately. The Board of Directors would like to thank Ms. Tejada for her dedication to the Company over the past five years. Adanac's current Vice President of Administration, Alicia Marshall, will assume the Chief Financial Officer position.
Information and documents relating to Adanac's financial filings are available on www.sedar.com.
About Adanac Molybdenum Corporation
Adanac owns the Ruby Creek Project, which is located in northwest British Columbia. Adanac has advanced this primary molybdenum property through feasibility studies and an updated resource estimate. Adanac's primary focus is on partnering with an entity to develop the substantially permitted Ruby Creek Property.
Cautionary Notice: This news release may contain "forward-looking information" within the meaning of applicable Canadian securities legislation. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "plans", "expects", or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "does not anticipate", or "believes" or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might", or "will be taken", "occur", or "be achieved". Forward-looking information is based on the opinions and estimates of management at the date the information is made, and is based on a number of assumptions and subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward looking information. Many of these assumptions are based on factors and events that are not within the control of the Company and there is no assurance they will prove to be correct. Factors that could cause actual results to vary materially from results anticipated by such forward looking information include risk factors discussed in the Annual Information Form for the year ended April 30, 2010 for the Company available at www.sedar.com. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results not to be anticipated, estimated or intended. There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. The Company undertakes no obligation to update forward-looking information if circumstances or management's estimates or opinions should change except as required by applicable securities laws. The reader is cautioned not to place undue reliance on forward-looking information.