Corporate Profile by Secular Bull

ADANAC Moly Corp. is developing their Ruby Creek Molybdenum property located 24 kilometres northeast of Atlin, BC. A summer/early fall diamond drill program on the property located 24 km North east of Atlin, British Columbia, shows that the results to date are confirming previous drilling by Adanac, Kerr Addison Mines Limited, Climax Molybdenum and Placer Development Ltd. from their drill program extending over 1969 to 1981. Adanac has drilled several holes deeper and 8 holes to the west of the original pit design resulting in encouraging mineralization at depth and up to 270 metres (865 feet) west of the original pit limit. Once check assays are received AMEC PLC will be able to proceed on a NI 43-101 reserve report to commence February 1, 2005.

A feasibility study completed by Placer Development Ltd. in 1981, forecasted a 14,000 tonne/day milling rate for 17 years with an average grade of 0.115% molybdenum sulphide. Based on $6.00 (US)/lb price of roasted molybdenum, the study defined a 16% (after tax) Internal Rate of Return. Estimated capital cost was $131 million with a three year payback.

Adanac Moly Corp. has signed a CAD$ 818,953.00 contract with Klohn Crippen Consultants Ltd. to conduct the Environmental and Socio-Economic Impact Assessment work required to submit the requisite documentation to the regulatory agencies by the end of 2005. This is targeted to meet Adanac's intent to develop the Ruby Creek Molybdenum project and to start the Environmental Assessment Certificate Application.

There are several significant advantages that Adanac has over the predecessor companies:

1. Adanac has a 100% interest in the property, whereas the original property was burdened by a 3.5% NSR to Johns Manville. Kerr Addison could only earn a 60% interest and Placer a 70% interest.

2. The price of molybdenum is fifteen times the price at which Kerr Addison undertook feasibility work in 1970 and 4.8 times the price when Placer undertook its feasibility studies.

3. Multi-billion dollar long term contracts are being entered into by Chinese corporations for the supply of iron ore which bodes well for molybdenum due to its extensive use in stainless steel and other steel products. Indications are for a long sustained demand for molybdenum ore.

4. Currently surplus power is available from the Yukon Grid which would require the company to install only 100 kilometres of transmission line. Yukon power was not available in the 1970's and 1980's.

5. Road access to Skagway, Alaska's deep water port is now available.

Adanac Moly Corp. is a pure molybdenum play and coupled with a severe supply shortage in the world, it is about as good as it gets from a risk reward perspective.

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DISCLOSURE: Secular Bull is compensated by and is a shareholder of Adanac Moly Corp.

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