TORONTO, ONTARIO--(Marketwired - March 31, 2016) - The Board of Moly Mines Limited (ASX:MOL) is pleased to advise that Mr. Graeme Kininmonth has agreed to extend his appointment as Acting Chief Executive Officer from March 31, 2016 under the same terms and conditions as his existing contract.

Mr. Kininmonth will remain in the role until such time as a new CEO is appointed or until the Board determines that he is no longer required to act in that role.

Contact Information:

Moly Mines Limited
Natalie Frame
Investor Relations
+1 416 371 7541
info@molymines.com

Moly Mines Limited
Graeme Kininmonth
Chief Executive Officer
+61 8 9429 3300
info@molymines.com
www.molymines.com