VANCOUVER, Nov. 3 - Creston Moly Corp. ("Creston" or the "Company") (TSX-V: CMS.V) announces that it has, subject to regulatory acceptance, granted to a director under the terms of its stock option plan, options to acquire 1,000,000 common shares at a price of $0.245 per share for a period of five years.

CRESTON MOLY CORP.

(Signed) "Jonathan W. George"

President

The TSX Venture Exchange has not reviewed and does not accept

responsibility for the adequacy and accuracy of this release.

Forward Looking Statements: The above contains forward looking statements that are subject to a number of known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from those anticipated in our forward looking statements. Factors that could cause such differences include: changes in world commodity markets, equity markets, costs and supply of materials relevant to the mining industry, change in government, and changes to regulations affecting the mining industry. Forward-looking statements in this release include statements regarding future exploration programs, operation plans, geological interpretations, mineral tenure issues, and mineral recovery processes. Although we believe the expectations reflected in our forward looking statements are reasonable, results may vary, and we cannot guarantee future results, levels of activity, performance, or achievements.

Contacts

please contact Mr. Jonathan George
(604) 694-0005
604-684-9365 (FAX)
Website: www.crestonmoly.com