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Moly Mines Limited T.MOL



TSX:MOL - Post by User

Bullboard Posts
Post by vlieton Jun 10, 2008 4:58pm
292 Views
Post# 15168605

News Release

News Release

Moly Mines appoints Nixon to board

Moly Mines Ltd (C:MOL)
Shares Issued 86,031,677
Last Close 6/9/2008 $3.10
Tuesday June 10 2008 - News Release

Mr. Derek Fisher reports

MOLY MINES APPOINTS TECHNICAL DIRECTOR

Moly Mines Ltd. has appointed David Nixon to the company's board.

He brings strong large mining project construction experience in Western Australia, in particular, in the Pilbara region. David already has intimate knowledge of the Spinifex Ridge Molybdenum Project, serving on the Steering Committee for the mine development.

Mr Nixon is a mechanical engineer with 40 years experience in the mining and construction industries in Australia, Southern Africa, New Zealand, Canada and Indonesia. His initial training was with De Beers in the diamond industry in South Africa and he came to Australia in 1980 for the development of the Argyle diamond mine, the worlds largest diamond producer.

He came to Australia with Edward L Bateman Engineering which became Nedpac during the 1980 s. In 1990 David was one of the founders of Signet Engineering which was acquired by Fluor in 1996.

From 2001 to 2004, David was the project director for a Fluor/SKM joint venture for the successful development of the $1.0 billion BHP Billiton Iron Ore Asset Development projects, comprising the new Area C mine near Newman, extension of the rail from Yandi to Area C and the expansion of port facilities at Port Hedland.

David currently works as a consultant in the mining industry in Western Australia and is the non-executive chairman of ASX-listed Atlas Iron Limited (AGO) and a non-executive director of Swick Mining Services Limited (SWK).

Mr Colin Agnew has retired from the Board for personal family reasons. The Board thanks Mr Agnew for his valuable contribution to the development of the Moly Mines group.

These press materials do not constitute an offer of securities for sale in the United States. Securities may not be offered or sold in the United States absent registration or an exemption from registration. Any public offering of securities to be made in the United States will be made by means of a prospectus that will contain detailed information about the company and management, as well as financial statements.

© 2008 Canjex Publishing Ltd.

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