Moly Mines Reports Quarter Highlights

TORONTO, ONTARIO--(Marketwired - July 30, 2015) - Moly Mines Limited (MOL.AX) reports the highlights of their Quarterly Activities Report and Quarterly Cashflow Report for the period ending June 30, 2015.

HIGHLIGHTS (all amounts are in A$ unless otherwise stated)

Operations (unaudited):

	•	Rehabilitation activities at the Spinifex Ridge Iron Ore operation were completed during the quarter.
	•	The Spinifex Ridge Molybdenum/Copper Project remains on care and maintenance.

Corporate and Finance (unaudited):

	•	Cash on hand at end of Quarter was $70.2M, up from $69.8M at end of previous Quarter.
	•	The Annual General Meeting was held with all five resolutions passed by the shareholders.
	•	Moly sold its shares in UML for approximately $2.5M.
	•	Moly continues to review a range of M&A opportunities.

Exploration:

•

No exploration activity was undertaken during the Quarter.

The full Quarterly Activities Report and Quarterly Cash Flow Report are available on the Company website (www.molymines.com) and on SEDAR (www.sedar.com).

ABN 32 103 295 521