Creston Moly announces debt settlements



    VANCOUVER, May 1 /CNW Telbec/ - Creston Moly Corp. ("Creston" or the
"Company") (TSX-V: CMS) announces a restructuring of its operational team and
has entered into settlements with certain individuals for the termination of
their agreements for total consideration of Cdn $250,000 and 2,450,000 shares
at a deemed price of $0.10 per share. The Company wishes to thank these
individuals for their efforts in the Company's early stages. Through these
settlements the Company expects to reduce its operating cost by more than
$70,000 per month. The Company will continue to prudently advance the Creston
Molybdenum Deposit.

    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:

For further information: Mr. Jonathan George; Mr. C.K. Benner; Mr. John
McCleery, (604) 694-0005, (604) 684-9365 (FAX), www.crestonmoly.com

Organization Profile

CRESTON MOLY CORP.

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