Moly Mines-Announcement Regarding Mr Liu Han

TORONTO, ONTARIO--(Marketwire - March 20, 2013) - Moly Mines Limited (TSX:MOL)(ASX:MOL) advises that it is aware of media reports in China and Australia that Mr Liu Han, CEO of the Company's major shareholder Sichuan Hanlong Group (Hanlong) and a director the Company, is being detained by Chinese authorities. The Company is seeking clarification from Hanlong as to whether this event has any consequences for the Company and Mr Liu's position as a director and will advise the market further should these enquiries render any relevant information.

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