VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - April 13, 2007) - Molycor Gold Corp. "Molycor" (TSX VENTURE:MOR) (PINK SHEETS:MLYFF) (FRANKFURT:M1V) http://www.molycor.com is pleased to announce it has retained the services of AGORACOM Investor Relations ("AGORACOM") (http://www.agoracom.com) to provide investor relations services.
The objective of this agreement is two-fold. First, to create effective communication between Molycor, its shareholders and the investment community through AGORACOM's internet based investor relations system. Effective immediately, a customized and monitored Molycor IR HUB (http://www.agoracom.com/IR/Molycor) will allow both Molycor and AGORACOM to communicate with all investors simultaneously, anytime and in real-time, while providing shareholders with equal access and complete transparency to all investor relations communications. The IR HUB will also provide one-click access to all critical Molycor IR information, as well as, an executive audio address. In addition, the IR HUB provides investors with a monitored discussion forum for the purposes of constructive and high-quality discussion about the Company that is free of spam, bashing, hyping and profanity.
Second, AGORACOM will be responsible for raising Molycor awareness amongst retail investors for the purposes of attracting new and prospective shareholders. As an exclusive small-cap content provider to Yahoo Finance Canada, AOL Finance Canada and every Blackberry device on the planet, AGORACOM will provide Tier-1 financial coverage of all meaningful Molycor press releases.
AGORACOM will be fully responsible for creating, implementing and executing an investor relations strategy, the consolidation of which will save management a considerable amount of time, effort and expense, allowing them to focus on core business operations, while significantly improving shareholder communications.
Molycor Gold Corp. Chairman and CEO, Larry W. Reaugh, stated, "I believe the time has now come to significantly increase our communications with existing shareholders and the investment community. The solution provided by AGORACOM provides our management team with the ability to focus on executing the business plan during this very important phase of our development. Our shareholders and Company will benefit greatly from near real-time communications, regularly planned updates and increased exposure."
For all future Molycor investor relations needs, investors are asked to visit the Molycor IR Hub at http://www.agoracom.com/IR/Molycor where they can post questions and receive answers within the same day, or simply review questions and answers posted by other investors. Alternatively, investors are able to e-mail all questions and correspondence to mor@agoracom.com where they can also request addition to the investor e-mail list to receive all future press releases and updates in real time.
The terms of the agreement are as follows: Duration - 12 months. Monthly Cash Compensation - $2,750, Stock Options - 225,000 shares at $CDN 0.25 per share. AGORACOM has opted not to exercise these options for 12 months. This agreement has been negotiated entirely at arm's length. AGORACOM is located in Toronto, Ontario.
About AGORACOM Investor Relations Corp.
http://www.agoracom.com
http://www.agoracomIR.com
AGORACOM Investor Relations is North America's leading outsourced investor relations firm for small-cap companies. AGORACOM's exclusive IR HUB delivers two-way investor relations and communications that provides 100% transparency, accessibility, equality and near real-time communications for all shareholders and the investment community.
AGORACOM has specialized in small-cap investor relations since 1997 and is the exclusive provider of all small-cap content to Yahoo Finance Canada, The AOL Small Cap Channel and every Blackberry device on the planet.
To find out more about Molycor Gold Corp. (TSX VENTURE:MOR), visit our website at www.molycor.com
On Behalf of Management
Edward Lee, President and Director
This news release may contain certain "Forward-Looking Statements" within the meaning of Section 21E of the United States Securities Exchange Act of 1934, as amended. All statements, other than statements of historical fact, included herein are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations are disclosed in the Company's documents filed from time to time with the TSX-Venture Exchange, the British Columbia Securities Commission and the US Securities and Exchange Commission.
FOR FURTHER INFORMATION PLEASE CONTACT:
Molycor Gold Corp.
Edward Lee
President and Director
(604) 531-9639
(604) 531-9634 (FAX)
Email: info@molycor.com
Website: www.molycor.com
The TSX-Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
