VANCOUVER, Dec. 18 /CNW Telbec/ - Creston Moly Corp. ("Creston" or the "Company") (TSX-V: CMS) is pleased to announce that the TSX Venture Exchange has approved the listing of 28,580,000 common share purchase warrants (the "Warrants") previously issued pursuant to the bought deal private placement of 57,160,000 subscription receipts that closed on May 9, 2007. The Warrants were subject to a four month and one day hold period in Canada, which expired on September 10, 2007. Replacement warrant certificates will be sent to the registered holders of the Warrants by Computershare Trust Company of Canada ("Computershare") via courier on December 18, 2007.

The Warrants were posted for trading on the TSX Venture Exchange at market open on December 18, 2007 under the symbol CMS.WT. Each Warrant entitles the holder to purchase one common share of the Company at an exercise price of $0.90 per share at any time up to 5:00 p.m. (Toronto time) on May 9, 2010, subject to the provisions of the warrant indenture dated May 9, 2007, as amended on December 11, 2007, between the Company and Computershare.

On behalf of the Board

(Signed) "Jonathan W. George"

President

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy and accuracy of this release.

Forward Looking Statements: The above contains forward looking statements that are subject to a number of known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from those anticipated in our forward looking statements. Factors that could cause such differences include: changes in world commodity markets, equity markets, costs and supply of materials relevant to the mining industry, change in government, and changes to regulations affecting the mining industry. Forward-looking statements in this release include statements regarding future exploration programs, operation plans, geological interpretations, mineral tenure issues, and mineral recovery processes. Although we believe the expectations reflected in our forward looking statements are reasonable, results may vary, and we cannot guarantee future results, levels of activity, performance, or achievements.