Sprott Molybdenum Participation Corporation announces appointment of new board member


    TORONTO, May 4 /CNW/ - Sprott Molybdenum Participation Corporation (the
"Corporation") is pleased to announce that Donald Davidson has been appointed
to the Corporation's Board.
    Mr. Davidson brings over 50 years of experience in the mining industry in
Western Canada and the United States, including experience relating to the
mining of molybdenum. Mr. Davidson has been a self-employed mining/geological
consultant for the past 26 years. Prior to that, Mr. Davidson was employed by
Climax Molybdenum Company where he first worked at Climax Colorado and was
subsequently posted as the resident geologist and project supervisor for a
major underground project in Smithers, B.C. Mr. Davidson also gained
molybdenum exposure at the French Mine in Hedley B.C., BC and Bell Molybdenum
in Kitsault B.C. and Canol Metal Mines in the Yukon. Mr. Davidson is a
Professional Engineer in the Province of British Columbia, holds a Masters
degree in Geological Engineering from the University of British Columbia and
has completed graduate studies in soil mechanics.

    About Sprott Molybdenum Participation Corporation

    Sprott Molybdenum Participation Corporation is an investment holding
company created to invest in molybdenum assets. The primary investment
objective of the Corporation is to achieve capital appreciation by investing
in securities of private and public companies that explore for, mine and/or
process molybdenum and by investing in, holding, selling and otherwise
transacting in all commercial forms of molybdenum. It is not an investment
strategy of the Corporation to actively speculate with regards to short-term
changes in molybdenum prices. The Corporation's investment mandate is intended
to provide investors with the opportunity to invest in a diversified portfolio
of securities of private and public companies that explore for, mine and/or
process molybdenum as well as commercial forms of molybdenum. Additional
information about the Corporation is available on SEDAR at www.sedar.com and
on the Corporation's website at www.sprottmoly.com.

    This press release may contain forward-looking statements, which reflect
the Corporation's current expectations regarding future events. These
forward-looking statements involve risks and uncertainties that may cause
actual results, events or developments to be materially different from any
future results, events or developments expressed or implied by such
forward-looking statements. Such factors include, but are not limited to,
changing market conditions, commodity prices, foreign investment risk,
potential volatility of molybdenum prices, which are influenced by general
economic, political and market considerations, industry risks, trading costs,
competition from substitutes to molybdenum and other risks detailed from time
to time in the Corporation's ongoing quarterly and annual reporting. The
Corporation undertakes no obligation to publicly update or revise any
forward-looking statements, whether as a result of new information, future
events or otherwise. Past performance is not indicative of future performance.

For further information:

For further information: Investor Relations at 1-888-362-7172

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