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Moly Mines Reports Correction to Cancellation of Employee Options

TORONTO, ONTARIO--(Marketwire - Dec 13, 2012) - Moly Mines Limited (MOL.TO)(MOL.AX) advises that a small typographical error has occurred in its announcement of 30 November 2012 in relation to the cancellation of employee options that had been cancelled due to termination. In the announcement the number of cancelled options through termination in the column for options with vesting date 14 February 2014 should be 1,266,667 instead of 1,266,677.

Moly Mines Limited apologizes for any inconvenience caused.

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