Research Report Received by Molycor Gold Corp.

Molycor Gold Corp. (TSXV:MOR) is in receipt of a research report issued by Fundamental Research Corp., entitled “Positive PEA on Tami Mosi Magnesium Project” and dated January 19, 2012.

As quoted in the press release:

The Tami-Mosi magnesium project poses the ability to exploit its inferred magnesium resource for 30 years producing 30,000 tonnes per year within the United States, where protective tariffs are in place on imported magnesium metal. The economics are based on a NI 43-101 resource estimate analysis on the project, completed by Wardrop Engineering (a Tetra Tech Company), which shows an inferred resource of 412 million tonnes with an average grade of 12.3% for a contained metal content of 111 billion pounds of magnesium using a 12% cut-off grade.

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