High Grade Molybdenum At El Creston 

VANCOUVER, BC - Creston Moly Corp. reported its most recent drilling results from the Phase One and Two drill programs at its El Creston molybdenum deposit located in the state of Sonora, Mexico.

Hole EC10-94 drilled in the Red Hill Zone intersected an 85.40 metre section commencing at surface averaging 0.087% molybdenum; Highlights include: Hole EC10-90, drilled in the southernmost sector of the Main Zone, bottomed in molybdenum and copper mineralization with the final 48.80 metres averaging 0.082% molybdenum with 0.14% copper;  Hole GT10-05, drilled outside of the southeast corner of the Main Zone Resource boundary intersected a near surface intercept of 19.95 metres averaging 0.171% molybdenum including 7.75 metres averaging 0.430% molybdenum; Hole GT10-07 drilled in the extreme northwest portion of the Main Zone Resource boundary intersected a 64.05 metre section averaging 0.071% molybdenum including 21.35 metres of 0.093% molybdenum. "We are extremely pleased with the results of our drilling to date, as it is apparent that potential exists to add resources to the El Creston molybdenum deposit in both the Main Zone and also from near surface intersections within the Red Hill Zone," said Bruce McLeod, President & CEO. "Our goal of expanding the known resources of the El Creston molybdenum deposit is being achieved, and will be incorporated into a revised resource calculation, which is expected to be completed in the 4th quarter, 2010." The Phase One and Two drill programs resulted in the drilling of 27 exploration (EC series) and 9 geotechnical (GT series) drill holes. The exploration holes were drilled to determine the limits of the Main Zone Resource, provide information on the continuity of mineralization within the resource and test areas within the Red Hill Zone for its potential to host additional resources. The nine geotechnical holes were drilled to provide structural data for the design of the proposed open pit. Drill Holes EC10-90, 91 and 92 were drilled within the south central portion of the Main Zone Resource. Holes EC10-89, 93, 96 and 97 were drilled in close proximity to or outside of the western boundary of the resource. Holes EC10-94 and 95 were drilled within the Red Hill Zone in an area of limited information. Geotechnical holes GT10-04, 05 and 08 were drilled in close proximity to the southern boundary of the El Creston molybdenum deposit main zone, while geotechnical holes GT10-06 and 07 were drilled in close proximity to the northwestern edge of the deposit. Hole GT10-09 was drilled under the northeast portion of the resource. The company's address is Suite 860, 625 Howe Street, Vancouver, BC V6C 2T6, 604-694-0005, fax: 604-684-9365, email: [email protected].