Adanac Molybdenum Corporation AUAYF

RE: News release

[grumpymonkey007]

Just trying to boil down the news release in to bullet points. Apologies for any implied spin my frustration with the quality of the release has caused.

* The rate of effort of pre-construction activities is being reduced until summer when increased effort is anticipated to keep the pre-production work on schedule
* Prioritization upon planning means we are only retaining leadership while everyone else can go home
* Drilling will continue through Q1 to increase resource estimates
* We won’t mention the Federal EA delays – we hope you won’t either
* We will start trying to market the financing in February even though the process began close to 6 months ago by then. Given the global credit crisis, we’re hopeful that the economics of the situation mean that it will work out without us being taken to the cleaners