Molycor Gold Acquires Davis Gold Property

2007-09-13 06:08 ET - News Release

Mr. Edward Lee reports:

MOLYCOR GOLD CORP.: COMPANY ACQUIRES GOLD/SILVER PROJECT IN NEVADA

Molycor Gold Corp. (TSX VENTURE: MOR)(PINK SHEETS: MLYFF)(FRANKFURT: M1V) is pleased to announce the acquisition of 100% interest in the Davis Gold property consisting of 25 unpatented lode mining claims, located on the Walker Lane Gold Trend, 5 miles east of past producing Paradise Peak Mine, Nye County, Nevada.

Between 1905 and 1940, there were three small producing gold operations within the claim block; the Davis, Butler and Goldyke mines. To date, the Company has not obtained any information as to how much was produced from these mines. Little production was reported in the area until 1983, when FMC Gold discovered the Paradise Peak deposit containing 12 million tons of ore averaging 0.098 ounces per ton gold and 3.53 ounces silver. This deposit was operated as an open pit mine from 1985 to 1995.

In the 1970's to 2004, the Davis property was owned by US Mining & Smelting Co. (USSRAM). One report on the property authored by William T. Worthington, Consulting Geologist for USSRAM Exploration Company in 2000, describes work being concentrated on the Davis vein with two holes being drilled by Kennicott and nine holes by USSRAM.

"Six drill holes at the Davis (vein) strike length of 300 to 400 feet. The zone extends to a depth of at least 500 feet and is between 20 and 30 feet (wide). It should be easy to infer a block reserve of over 300,000 tons. The average grade of the six holes weighted by core length is 0.11 ounces of gold per ton and 0.9 ounces of silver per ton (33,000 ounces gold and 270,000 ounces silver). A portion of this should be amenable to mining by open-cut." Worthington goes on to report the Davis vein as having a potential strike length over 3000 feet as compiled by field work that was carried out by different operators. Kennecott Exploration Co. conducted an exploration program in 1995 with nine reverse circulation drill holes totaling 5,820 feet around the Goldyke mine. The lease was terminated due to cuts in their exploration budget.

Molycor is actively pursuing drilling data on the property and will be sending the company geologists on site to conduct detailed rock sampling and geological mapping on the many prospects located within the claim unit, as well as the Davis vein.

The 100% interest of the 25 claims (subject to 2% NSR) is being acquired from Jim Marin and Tim Neal for the sum of $80,000 and 400,000 shares of free trading common shares of Molycor, subject to a four month and one day hold period from the date of issue. This transaction is subject to regulatory approval.

Where historical estimates are referred to, the Company has no classification of the resource or reserve, and the Company has not obtained enough of the original data and has not done the work necessary to verify the classification of a resource or reserve. The Company is not treating the estimates as a NI 43-101 defined resource or reserve verified by a qualified person, and the historical estimates should not be relied upon.

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.

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

Contacts:

Molycor Gold Corp.

Edward Lee

President and Director

(604) 531-9639

(604) 531-9634 (FAX)

Email: info@molycor.com

Website: www.molycor.com

We seek Safe Harbor.