Start-Up of Phase 2 Drill Program at El Creston 

VANCOUVER, BC - Creston Moly Corp. reported that it has commenced a Phase 2 drill program at its El Creston molybdenum property located in Sonora State, Mexico. The program is currently comprised of 11 diamond drill holes totaling approximately 2,200 metres in length. Four of the holes will be drilled primarily for the collection of geotechnical data to be used in the design of the proposed open pit with the secondary objective of testing areas for resource expansion. The remaining seven holes will be comprised of two drilled to provide infill data, three to test the El Creston molybdenum deposit main zone outside the resource limits and the remaining two to test the Red Hill Zone. Bruce McLeod, President and CEO of the Company said: "While assays for the final eight holes of the Phase 1 drill program are pending; current drill results to date have been very successful and as a consequence we have commenced the Phase 2 program. The drilling is part of our optimization program to advance the El Creston molybdenum deposit towards completion of a feasibility study. Drill holes 2010-A9 to A-11 are planned to test the El Creston molybdenum deposit to the west, north and south of the resource limits. Hole 2010-A-9 is located 100 metres east of Hole EC07-13 (10.9, 23.5, and 14.24 metre sections respectively averaging 0.066, 0.044 and 0.047% molybdenum respectively and in association with a 98.8 metre section averaging 0.20% copper). Hole 2010-A-10 is to test the area between EC08-41 (209.52 metres @ 0.159% molybdenum) located 80 metres to the south and abandoned hole EC10-79 (36.6 metres @ 0.058% molybdenum) located 125 metres to the north. Hole 2010-A-11 is located approximately 200 metres west of Hole EC08-28 which intersected sections of 7.90 and 86.83 metres averaging 0.090 and 0.056% molybdenum respectively in association with a 56.4 metre intercept averaging 0.24% copper. The company's address is Suite 860 - 625 Howe Street, Vancouver, BC  V6C 2T6, 604-694-0005, fax: 604-684-9365, email: [email protected].