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Molycor Adds Magnesium Product Specialist To Advisory Committee

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abriana90   Tuesday, 01/17/12 08:31:52 AM
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Molycor Adds Magnesium Product Specialist To Advisory Committee

January 17, 2012 - 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 the engagement of Rob Bailey to the Technical Advisory Committee.

A Metallurgical Engineer with over 25 years of practical international experience in the production and application of light metal products, Mr. Bailey has a proven record of success. In addition to his knowledge of process engineering, quality control, management of magnesium operations and technical marketing, he has held executive positions both domestically and internationally.

As President of B. S. Metallurgy, Inc., Mr. Bailey currently provides operation assistance, problem resolution and technical development advice to companies within the light metal processing industry. He is also is a broker and technical sales representative for aluminum metal castings and magnesium materials

Among his accomplishments, he has numerous publications in the light metals arena. An active member in numerous technical societies, Mr. Bailey currently holds the position of Chairman of the Magnesium Division in the American Foundry Society and is part of the project team assisting the Michigan Technical University in a DOE sponsored project in the development of new magnesium metal casting techniques that will provide a foundation for expansion of magnesium in potential new applications.

James Sever is quoted to say “The addition of Rob completes our team and greatly enhances our potential for success. With his expertise we now have a fully integrated team that can effectively take the project to a successful conclusion.”

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

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

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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