Molycor Gold Corp.: Positive Preliminary Economic Assessment Study for Tami-Mosi Magnesium Project Filed on SEDAR

Company News

Molycor Gold Corp. (TSXV:MOR,PINK SHEETS:MLYFF,FWB:M1V) is pleased to report that further to the Company’s news release dated August 5, 2011, the Preliminary Economic Assessment Report for the Company’s 100% owned Tami–Mosi Magnesium Project has been filed on SEDAR and can be accessed at http://media3.marketwire.com/r/TamiMosiSEDAR.

Molycor Gold Corp. (TSXV:MOR,PINK SHEETS:MLYFF,FWB:M1V) is pleased to report that further to the Company’s news release dated August 5, 2011, the Preliminary Economic Assessment Report for the Company’s 100% owned Tami–Mosi Magnesium Project has been filed on SEDAR and can be accessed at https://media3.marketwire.com/r/TamiMosiSEDAR.

The Report suggests an economically attractive opportunity to produce 30,000 tonnes of 99.9% pure magnesium ingot annually for 30 years within the United States from its inferred 412 million tonne dolomite deposit containing 111 billion pounds of magnesium.

Click here to read the full Molycor Gold Corp. (TSXV:MOR,PINK SHEETS:MLYFF,FWB:M1V) press release

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