Adanac-Presentation at Rodman and Renshaw Conference in New York

• Press Release
• Source: Adanac Molybdenum Corporation
• On 6:00 am EST, Friday November 14, 2008

VANCOUVER, BRITISH COLUMBIA--(MARKET WIRE)--Nov 14, 2008 -- Adanac Molybdenum Corporation ("Adanac or the Company") (Toronto:AUA.TO - News)(Other OTC:AUAYF.PK - News)(Frankfurt:A9N.F - News) announces that on November 11, 2008, Peter Jones, Chairman and CEO, made a presentation on Adanac and its Ruby Creek Project at the Rodman and Renshaw Conference in New York City, New York.

Related Quotes

Symbol	Price	Change
A9N.F	0.06	+0.01

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To view the presentation, please visit our website at www.adanacmoly.com and access "Adanac Management Presentation" on the splash page.

Adanac continues to reconstruct its website and expects the addition of "menu and inner pages" shortly.

About Adanac Molybdenum Corporation

Adanac Molybdenum Corporation is listed on the TSX and Frankfurt exchanges and owns the Ruby Creek Molybdenum Project in Northern British Columbia. The Company has advanced the project through feasibility studies, a production decision and has previously ordered $137 million of long-lead equipment, completed permitting for construction, constructed a road to the site and secured US$80 million in bridge financing. The Company is attempting to source construction funding and if funding becomes available prior to the end of 2008 will start site construction in February 2009 with production in Q4, 2010.

Cautionary Notice: This news release contains "forward-looking information" within the meaning of applicable Canadian securities legislation and United States securities laws. 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, 2008 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.

These securities have not been and will not be registered under the United States Securities Act of 1933, as amended, or any state securities law, and may not be offered or sold in the United States unless an exemption from registration is available.

     Contacts:
     Adanac Molybdenum Corporation
     Peter R. Jones
     Chairman and CEO
     (604) 535-6834
     (604) 536-8411 (FAX)
     Email: info@adanacmoly.com
     Website: http://www.adanacmoly.com