UPDATE: Molycorp to Report Fourth Quarter and Full Year 2012 Financial Results on March 14

Conference call to follow at 4:30 p.m. Eastern

GREENWOOD VILLAGE, Colo., (March 11, 2013) -- Molycorp, Inc. (NYSE: MCP) today announced that it will release financial results for the fourth quarter and full year ended December 31, 2012, after the market closes on Thursday, March 14, 2013. Release of Molycorp's financial results will be followed by an investor conference call at 4:30 p.m. Eastern.  Constantine Karayannopoulos, President and Chief Executive Officer, and Michael Doolan, Executive Vice President and Chief Financial Officer, will host the call.

Investors and news media representatives interested in participating in the live call from the U.S. should dial +1 (866) 277-1184 and reference passcode number 92774951.  Those calling from outside the U.S. should dial +1 (617) 597-5360 and reference the same passcode as above. 

There also will be a simultaneous live audio webcast available on the Investor Relations section of the Company's website at http://www.molycorp.com/investors. The webcast will be archived on the website. 

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For more information:

Jim Sims, +1 (303) 843-8062
Vice President, Corporate Communications
Jim.Sims@Molycorp.com

Brian Blackman, +1 (303) 843-8067
Senior Manager, Investor Relations
Brian.Blackman@Molycorp.com

ABOUT MOLYCORP, INC.

One of the world's leading manufacturers of custom engineered rare earth and rare metal products, Molycorp is vertically integrated from its world-class rare earth resource to its advanced downstream processing facilities. With 26 locations across 11 countries, the Company also produces rare earth magnetic materials through its Molycorp Magnequench subsidiary, including neodymium-iron-boron (NdFeB) magnet powders, used to manufacture bonded NdFeB permanent rare earth magnets. Through its Intermetallics Japan joint venture with Daido Steel and the Mitsubishi Corporation, Molycorp manufactures next-generation, sintered NdFeB permanent rare earth magnets. Through its Molycorp Advanced Water Technologies subsidiary, the Company markets and sells its proprietary, cerium-based advanced water purification technology called SorbX(TM) for use in municipal and industrial wastewater treatment, recreational water, and pool and spa water treatment markets. For more information please visit www.molycorp.com.