Mr. Colin K. Benner appointed to Creston's Advisory Board



    VANCOUVER, July 15 /CNW Telbec/ - Creston Moly Corp. ("Creston" or the
"Company") (TSX-V: CMS) is pleased to announce the appointment of
Mr. Colin K. Benner to its Advisory Board effective immediately.
    Mr. Benner is an experienced mining executive and professional mining
engineer who has more than 40 years experience in the mining industry and in
senior management roles in the Canadian and international mining industry. He
is a Member of the Association of Professional Engineers of Ontario, the
Canadian Society of Professional Engineers as well as a member of the
Association of Professional Engineers and Geoscientists of British Columbia,
the Association of Professional Engineers and Geoscientists of Nunavut, the
Society of Mining Engineers of the AIME and the Canadian Institute of Mining.
Mr. Benner has held a series of senior executive roles in the mining industry
and was Vice Chairman and CEO of EuroZinc Mining Corporation as well as Lundin
Mining Corp. and has also served on a number of public company boards in the
mining industry in Canada. He currently sits on the Boards of Major Drilling
Group International Inc., Tahera Diamond Corp., Lundin Mining Corporation,
Troon Ventures and is Chairman of PBS Coals Corp. He is currently Vice
Chairman and CEO of Skye Resources.
    Mr. Jonathan George, President of Creston stated, "Creston is very
pleased to be able to add Colin Benner to its Advisory Board. The many years
of experience possessed by Colin, his expertise and his extensive contacts in
the mining community, will be invaluable as Creston moves forward with the
fast track development of the El Creston Molybdenum Deposit in Sonora,
Mexico."

    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:

    
    Category          Tonnes       Mo%       Cu%       Mo lbs        Cu lbs
    --------          ------       ---       ---       ------        ------
                                                     millions      millions
                                                     --------      --------
    Indicated     92,873,000     0.083     0.060        169.9         122.8
    Inferred      84,221,000     0.076     0.050        141.1          92.8


    1. Mineral resources which are not mineral reserves do not have
       demonstrated economic viability. The estimates of mineral resources
       may 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 the
       Company in January 2008 by independent qualified persons Eugene
       Puritch, P. Eng. and Dr. Wayne Ewert, P. Geo. of P&E Mining
      Consultants 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:

For further information: Mr. Jonathan George, (604) 694-0005, (604)
684-9365 (FAX); www.crestonmoly.com; Renmark Financial Communications Inc.:
Christine Stewart: cstewart@renmarkfinancial.com; Eric St-Pierre:
estpierre@renmarkfinancial.com; Media - Adam Ross: aross@renmarkfinancial.com;
(514) 939-3989, Fax: (514) 939-3717, www.renmarkfinancial.com

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CRESTON MOLY CORP.

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