VANCOUVER, BRITISH COLUMBIA -- (Marketwire - Sept. 27, 2007) - Molycor Gold Corp. (TSX VENTURE:MOR)(PINK SHEETS:MLYFF)(FRANKFURT:M1V) is pleased to announce the addition of claims which now cover three large magnetic lows within the Crowrea molybdenum project located 15km south of the past producing Brenda copper/moly open pit mine.

With the addition of the new claims, the Crowrea molybdenum property now totals 9,721 hectares (24,020 acres) and includes the Crowrea mineralized dyke, the Empress Moly property and the HP Moly claims. These new claim units were added to cover three large magnetic lows that were identified on a regional magnetometer survey carried out by the Geological Survey Branch of British Columbia. The Company believes the newly discovered pyrite outcropping could be the edge of a larger pyrite halo which typically encompasses larger porphyry ore bodies, similar to that of Brenda or Endako mines.

The company also believes one or more of these magnetic lows could be the source responsible for the high grades of molybdenum contained within the 650 meter northwest trending dyke that has been identified by the previous drill programs. Mapping, geochemical and Induced Polarization surveys are currently being designed to cover all three areas and are expected to be contracted and expedited shortly.

This news release was reviewed by Dick Addison, P. Eng., a qualified person recognized under NI 43-101.

On Behalf of Management

Edward Lee, President and Director

For all Molycor Gold Corp. investor relations needs, investors are asked to visit the Molycor Gold Corp. IR Hub at http://www.agoracom.com/ir/molycor where they can post questions and receive answers within the same day, or simply review questions and answers posted by other investors. Alternatively, investors are able to e-mail all questions and correspondence to mor@agoracom.com where they can also request addition to the investor e-mail list to receive all future press releases and updates in real time.

This news release may contain certain "Forward-Looking Statements" within the meaning of Section 21E of the United States Securities Exchange Act of 1934, as amended. All statements, other than statements of historical fact, included herein are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations are disclosed in the Company's documents filed from time to time with the TSX-Venture Exchange, the British Columbia Securities Commission and the US Securities and Exchange Commission.

FOR FURTHER INFORMATION PLEASE CONTACT:

Molycor Gold Corp.
Edward Lee
President & Director
(604) 531-9639
(604) 531-9634 (FAX)
Email: info@molycor.com
Website: www.molycor.com

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