Creston Moly Corp. (“Creston” or the Company”) (TSX-V: CMS) announced today that ISS Proxy Advisory Services (“IIS”) and Glass, Lewis & Co., LLC (“Glass Lewis”), the two leading independent proxy research and advisory firms, have published reports recommending that Creston shareholders (“Shareholders”) vote FOR the proposed arrangement agreement to which Mercator Minerals Ltd. (“Mercator”) will acquire all issued and outstanding common shares of Creston by way of a plan of arrangement (the “Arrangement”).

The board of directors of Creston, after receiving the recommendation of its special committee and consultation with its financial and legal advisors, has unanimously determined that the proposed transaction is in the best interests of Creston, is fair to the shareholders of Creston, and to recommend that shareholders of Creston vote in favour of the proposed transaction. BMO Capital Markets, financial advisor to Creston and its board of directors, has provided an opinion to the effect that the consideration to be received by shareholders of Creston is fair, from a financial point of view, to shareholders of Creston.
Shareholders are encouraged to review the Management Information Circular dated May 9, 2011, which provides a detailed discussion of the Arrangement and reasons behind the board of directors’ unanimous recommendation that shareholders vote FOR the Arrangement. If approved by Shareholders the proposed transaction is expected to become effective on or about June 22, 2011.
Creston has scheduled a special meeting of shareholders (the “Meeting”) to vote on the arrangement agreement to be held at 10:00 am on June 14, 2011 at the XChange Conference Centre, 2nd Floor, 888 Dunsmuir Street, Vancouver British Columbia, Canada. Shareholders may attend the Meeting in person or may be represented by proxy. Shareholders who are unable to attend the Meeting or any adjournment thereof in person are requested to date, sign and return their proxy for use at the Meeting or any adjournment thereof. To be effective the proxy must be received by Computershare Investor Services Inc. (by mail, fax, telephone or internet according to the instructions on the proxy) by 10:00 a.m. PDT on June 10, 2011.
If Shareholders have any questions about the information contained in the Management Information Circular or require assistance in completing their proxy forms on-line, please contact Creston’s proxy solicitation agent Phoenix Advisory Partners toll free at 1-866-793-5464 or by e-mail at [email protected].
How to Vote On-Line
In light of the potential for a Canadian postal strike, shareholders are strongly encouraged to vote on-line at www.investorvote.com. The deadline for submitting proxy forms is 10:00 p.m. PDT on June 10, 2011.
About ISS Proxy Advisory Services

ISS Proxy Advisory Services is Canada’s leading independent proxy advisory firm and the leading authority on proxy voting and corporate governance issues in Canada with over 1,700 clients. ISS has been providing advisory and voting services to leading pension funds, investment managers, mutual funds and other institutional shareholders since 1987.

About Glass, Lewis & Co., LLC

Founded in 2003, Glass, Lewis & Co. LLC is a leading independent governance analysis and proxy voting firm, serving several hundred institutional investors that collectively manage more than $17 trillion in assets.

On Behalf of the Board of Directors
CRESTON MOLY CORP.

Per: D. Bruce McLeod

D. Bruce McLeod, President & CEO

For further information, please contact:
Mr. Bruce McLeod, President & CEO
Or Investor Relations, Chris Curran at 604-687-7545 (TEL) or (888)338-2200 (TOLL FREE)
Or Ken MacDonald at 604-694-0005 (TEL)
Website: www.crestonmoly.com