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Monday, 11/28/2011 8:26:12 AM

Monday, November 28, 2011 8:26:12 AM

Post# of 15
NEWS


Molycor Creates Technical Advisory Committee

November 28, 2011 - Vancouver, British Columbia

Edward Lee, President of Molycor Gold Corp. (TSX.V-MOR; Frankfurt-M1V; Pink Sheets-MLYFF)(“Molycor” or the “Company”) is pleased to report a major development within the Company’s corporate structure. As part of Molycor’s corporate vision, the Company has assembled a Technical Advisory Board consisting of some of the top and most respected individuals in the Magnesium, Ferrosilicon, Mining and Production communities to advise and assist the Company. Each member has been selected for their individual expertise and for their variety of industry experiences and strengths. The Company will utilize the expertise of the Advisory Committee and consult them in matters of Magnesium, Ferrosilicon, Mining, Production and business development.

The initial Advisory Committee will consist of:

Dr. Neale Neelameggham is partner/owner of Ind LLC consulting on metal production and energy technology. He was one of the original engineers when the US Magnesium plant started up in 1972. Being newly retired with over forty years of experience in the magnesium industry, Dr. Neelameggham is recognized as a premier researcher and inventor/co-inventor in the magnesium field and holds 13 registered patents with over 14 papers and publications to his credit. He has several professional affiliations and is a permanent member of the Magnesium Committee of the Light Metals Division of the Metallurgical Society.

Ralph Carter, BSc. Engineering, resides in Arizona with over 40 years of experience in the development and operations of Ferrosilicon plants. He was project manager and engineer for Alcoa at the Addy magnesium plant from 1989 – 2000 and responsible for evaluating, operating parameters, environmental controls and economic profitability. His previous employer for 20 years was Hanna Mining Company in Riddle, Oregon where he was the operations manager of the Ferrosilicon plant responsible for all activities at the mine and smelter where high quality product was produced.

Gavin Treanor is an Aerospace Engineer and was a principal in a Chinese merchant banking firm for over ten years focused on global sourcing of current and strategic metals for Chinese clients. He has been the lead on international financial structures and assisted companies in securing capital, developing assets and various merger and acquisition structures.

The Technical Advisory Committee members will be offered a stock option package and will be compensated for the time utilized by the Company. Option packages are subject to regulatory approval and will be issued in accordance to the Company’s stock option plan.

About Tami–Mosi Magnesium Project

The Tami–Mosi magnesium project poses the ability to exploit its inferred magnesium resource for 30 years producing 30,000 tonnes per year within the United States, where protective tariffs are in place on imported magnesium metal. The economics are based on a NI 43-101 resource estimate analysis on the project, completed by Wardrop Engineering (a Tetra Tech Company), which shows an inferred resource of 412 million tonnes with an average grade of 12.3% for a contained metal content of 111 billion pounds of magnesium using a 12% cut-off grade.

About Molycor Gold Corp:

Molycor is a diversified precious, speciality and base metal exploration and development company focusing on magnesium, molybdenum and gold exploration and development in North America.

On Behalf of Management

Edward Lee
President

For all Molycor Gold Corp. investor relations needs, investors are asked to visit the Molycor Gold Corp. website at www.molycor.com.



Information Contact

Edward Lee
President
Head Office: 2A 15782 Marine Drive, White Rock, B.C. V4B 1E6
Telephone: 604-531-9639 Facsimile: 604-531-9634
Email: info@molycor.com
www.molycor.com

Cautionary Notice: The Reader is cautioned that the full Cautionary Notice is not attached to this email. The reader is requested to access the news release on the Company’s website at www.molycor.com or at SEDAR at www.sedar.com to read the full Cautionary Notice. The full Cautionary Notice is not attached as the recipient’s spam filters frequently block receiving emails containing the full Cautionary Notice.

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