Moly Mines Company Update

Moly Mines Limited (TSX:MOL)(ASX:MOL) provided the following update for the Spinifex Ridge Iron Ore Project and financing activities for the US$500 million Project Finance Loan Facility for the Spinifex Ridge Molybdenum Project.

The press release is quoted as saying:

Members of Hanlong Mining Investment Pty Ltd (“Hanlong”) and Moly Mines met last week with key executives of the Chinese financial institutions that are preparing to provide the Loan Facility for the Spinifex Ridge Molybdenum Project.

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