Eduardo Luna Appointed to Creston's Advisory Board

VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 01/18/11 -- Creston Moly Corp. ('Creston' or the 'Company') (TSX VENTURE: CMS) is pleased to announce the appointment of Eduardo Luna to its Advisory Board, effective immediately.

'We are extremely pleased to have Mr. Luna join our Advisory Board,' said Bruce McLeod, President & CEO of Creston. 'His wealth of experience in developing mineral assets in Mexico will be an invaluable asset to the Company as we move the El Creston molybdenum project towards production.'

Mr. Luna is currently Executive Vice President and President, Mexico for Primero Mining Corp. Mr. Luna was Chairman of Silver Wheaton from October 2004 to May 2009 (and was Interim Chief Executive Officer from October 2004 to April 2006), Executive Vice President of Wheaton River from June 2002 to April 2005, Executive Vice President of Goldcorp from March 2005 to September 2007 and President of Luismin, S.A. de C.V. from 1991 to 2007. He holds a degree in Advanced Management from Harvard University, an MBA from Instituto Tecnologico de Estudios Superiores de Monterrey and a Bachelor of Science in Mining Engineering from Universidad de Guanajuato. He has held various executive positions with Minera Autlan for seven years and with Industrias Penoles for five years. He is the former President of both the Mexican Mining Chamber and the Silver Institute. In addition, he serves as Chairman of the Advisory Board of the Faculty of Mines at the University of Guanajuato and of the Mineral Resources Council in Mexico.


On Behalf of the Board of Directors

CRESTON MOLY CORP.
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.

Forward-looking statements relate to future events or future performance and reflect Creston management's expectations or beliefs regarding future events and include, but are not limited to, statements with respect to the estimation of mineral reserves and resources, the realization of mineral reserve estimates, the timing and amount of estimated future production, costs of production, capital expenditures, success of mining operations, environmental risks, unanticipated reclamation expenses, title disputes or claims and limitations on insurance coverage. In certain cases, forward-looking statements can be identified by the use of words such as 'plans', 'expects' or 'does not expect', 'is expected', 'budget', 'scheduled', 'estimates', 'forecasts', 'intends', 'anticipates' or 'does not anticipate', or 'believes', or variations of such words and phrases or statements that certain actions, events or results 'may', 'could', 'would', 'might' or 'will be taken', 'occur' or 'be achieved' or the negative of these terms or comparable terminology. By their very nature forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Creston to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Such factors include, among others, risks related to actual results of current exploration activities; changes in project parameters as plans continue to be refined; future prices of resources; possible variations in ore reserves, grade or recovery rates; accidents, labour disputes and other risks of the mining industry; delays in obtaining governmental approvals or financing or in the completion of development or construction activities; as well as those factors detailed from time to time in Creston's interim and annual financial statements and management's discussion and analysis of those statements, all of which are filed and available for review on SEDAR at www.sedar.com. Although Creston has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements.

Accordingly, readers should not place undue reliance on forward-looking statements.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.



Contacts:

Creston Moly Corp.
Mr. Bruce McLeod, President & CEO
604-687-7545 (TEL) or (888) 338-2200 (TOLL FREE)

Creston Moly Corp.
Chris Curran, Investor Relations
604-687-7545 (TEL) or (888) 338-2200 (TOLL FREE)
604-689-5041 (FAX)

Creston Moly Corp.
Ken MacDonald
604-694-0005 (TEL)
www.crestonmoly.com