Feasibility Study on El Creston Molybdenum Deposit, Mexico

ccnm




VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 6, 2011) - Creston Moly Corp. ("Creston" or the "Company") (TSX VENTURE:CMS) is pleased to announce that it has engaged Aker Solutions for the provision of a feasibility study on its El Creston molybdenum deposit, located in the state of Sonora, Mexico.


The feasibility study will be focused on the economic viability of developing the El Creston Project as outlined in the recently released preliminary economic assessment dated December 16, 2010 entitled "Preliminary Economic Assessment, El Creston Project, Opodepe, Sonora, Mexico", which was filed on SEDAR on December 21, 2010 and is available on SEDAR at under Creston's profile (the "PEA").


The PEA does not contain mineral reserves and the Company will not be relying on the mineral reserves from its pre-feasibility study dated March 23, 2009 in respect of the development plan on which the feasibility study will be focused. The Company therefore expects that initial mineral reserves for the development plan as envisioned in the PEA will be established upon completion of the feasibility study.


The Company anticipates that the feasibility study will result in a National Instrument 43-101 compliant technical report and reserve estimate, after taking account of all relevant processing, metallurgical, economic, marketing, legal, environment, socio-economic and government factors.


Aker Metals, a division of Aker Solutions Canada Inc. through "Aker Solutions", is a leading global provider of engineering and construction services, technology products and integrated solutions. Aker Solution's business serves several industries, including oil & gas, refining & chemicals, mining & metals and power generation.


Aker Solutions is an experienced feasibility provider and has completed feasibility studies for major projects including the Collahuasi Copper Project, Peru Copper's Toromocho Project, Continental Minerals' Xietongmen Copper Project, Mongolyn Alt Corporation's Tsagaan-Suvarga Copper Moly Project and Minera Lumina's Caserones Project.


On Behalf of the Board of Directors
CRESTON MOLY CORP.



Per: D. Bruce McLeod



D. Bruce McLeod, President & CEO




Forward-Looking Statements





This document may contain "forward-looking statements" within the meaning of Canadian securities legislation and the United States Private Securities Litigation Reform Act of 1995. These forward-looking statements are made as of the date of this document and Creston does not intend, and does not assume any obligation, to update these forward-looking statements.