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Message: NEWS - Shareholder Rights Plan approved by Creston's shareholders

NEWS - Shareholder Rights Plan approved by Creston's shareholders

posted on Apr 14, 2008 05:30AM

VANCOUVER, April 14 /CNW Telbec/ - Creston Moly Corp. ("Creston" or the "Company") (TSX-V: CMS) is pleased to announce that at the Company's annual meeting held onApril 10, 2008, Jonathan George, John McCleery, Kim Phillips and Wayne Johnstone were re-elected to the board of directors, receiving near unanimous support from the approximately 52 million votes cast at the meeting. The shareholders also voted to adopt the Company's Shareholder Rights Plan and Stock Option Plan.

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 Creston Molybdenum Project contains the following mineral resources at a 0.035% Mo Cut-off grade:

 

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.

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