VANCOUVER, Jan. 18 /CNW Telbec/ - Creston Moly Corp. ("Creston" or the "Company") (TSX-V: CMS) announces that it has retained Otis and Mandy Partners LLC ("O&M") as investor relations consultants to the Company in North America.O&M is an independent investor relations consultancy based in New York with expertise in the natural resources sector. O&M will make introductions and arrange meetings with institutional investors and independent money managers, to assist Creston in establishing a profile within the North American investment community.

O&M has been engaged by Creston for a term of one year and will be paid a monthly retainer of US$8,500. Additionally, Creston has granted O&M 500,000 stock options exercisable at a price of $0.40 per share, vesting in accordance with the policies of the TSX Venture Exchange.

About Creston Moly Corp.

Creston Moly Corp. is a Canadian mineral exploration company focused on the development of the El Creston Molybdenum deposit located 135 kilometres north-east of Hermosillo, Sonora State, Mexico, near the village of Opodepe. The El Creston Molybdenum Project contains the following mineral resources at a 0.035% Mo Cut-off grade:

1. Mineral resources which are not mineral reserves do not have demonstrated economic viability. The estimates of mineral resourcesmay be materially affected by environmental, permitting, legal, title, taxation, sociopolitical, marketing or other relevant issues.

2. The quantity and grade of reported inferred resources in this estimation are conceptual in nature and there has been insufficient exploration to define these inferred resources as an indicated or measured mineral resource and it is uncertain if further exploration will result in upgrading them to an indicated or measured mineral resource category.

3. The mineral resources referred to herein have been estimated in an NI 43-101 technical report (the "P & E Report") prepared for theCompany in January 2008 by independent qualified persons Eugen Puritch, P. Eng. and Dr. Wayne Ewert, P. Geo. of P&E MiningConsultants Inc. The P & E Report is available at www.sedar.com.    >>Luca Riccio, PhD, P. Geo, a Qualified Person as defined by National Instrument 43-101, is responsible for the technical information contained in this News Release.

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.

For further information:

Mr. Jonathan George,

(604) 694-0005,

(604) 684-9365 (FAX); Website: www.crestonmoly.com;

Renmark Financial Communications Inc.: Christine Stewart: cstewart@renmarkfinancial.com; Tina Cameron: tcameron@renmarkfinancial.com; Media - Adam Ross: aross@renmarkfinancial.com, (514) 939-3989, Fax: (514) 939-3717, www.renmarkfinancial.com