Creston Moly Corp. ("Creston" or the Company") (TSX VENTURE:CMS) announces that
anomalous rhenium (Re) values have been detected in selected drill core samples
from its El Creston Main Zone molybdenum deposit, located in the state of
Sonora, Mexico. A total of 22 samples from various locations within the deposit
were analyzed for rhenium, and all returned anomalous values. Six samples
assayed greater than 0.40 gpt rhenium with a maximum value returning 1.25 gpt.
In general, the rhenium values correlate well with molybdenum. Additional
sampling of drill core is presently being undertaken. A full table of all
samples follows. 


Nickel-based super alloys for use in jet engines contain up to 6% of rhenium,
making jet engine construction the largest use for the element, with chemical
industry catalytic uses being next-most important. Because of the low
availability relative to demand, rhenium is among the most expensive industrial
metals, with an approximate price of US$4,350 per kilogram. 

(price source: http://www.taxfreegold.co.uk/rheniumpricesusdollars.html)

"The potential for rhenium credits at El Creston will need to be fully
evaluated," said Bruce McLeod, President & CEO of Creston. "However these
initial assay results are very encouraging and rhenium has the potential to be
an economic contributor to the overall value of the project." 


Details

In early 2011, 22 pulp samples, selected from a series of holes located within
the Creston Main Zone, were sent to ALS Chemex Labs for rhenium analysis using a
4 acid digestion with analysis by Inductively Coupled Plasma (ICP). The samples
represented various grade combinations of molybdenum and copper. The results of
the 22 samples submitted are listed below. Maps showing the sample locations are
available at www.crestonmoly.com or click the link below to view the map showing
the drill hole locations.


http://www.crestonmoly.com/i/maps/2011-03-02_Rhenium_Analysis.jpg



---------------------------------------------------------------
Hole          From       To   Int (m)   Mo (%)   Cu (%)  Re g/t
---------------------------------------------------------------
EC10-39     115.00   118.00     3.00    0.189    0.220    0.179
---------------------------------------------------------------
            247.00   250.00     3.00     0.12    0.071    0.108
---------------------------------------------------------------
            330.00   332.00     2.00    0.332    0.004    0.176
---------------------------------------------------------------
                                                               
---------------------------------------------------------------
EC10-40     158.15   160.95     2.80    0.135    0.098    0.437
---------------------------------------------------------------
            185.25   187.55     2.30    0.225    0.174    0.594
---------------------------------------------------------------
            216.00   219.34     3.34    0.301    0.028    0.983
---------------------------------------------------------------
                                                               
---------------------------------------------------------------
EC10-41     102.91   105.76     2.85    0.930    0.010    1.115
---------------------------------------------------------------
            167.30   170.14     2.84    0.280    0.010    0.226
---------------------------------------------------------------
            194.75   197.45      2.7    0.320    0.010    0.079
---------------------------------------------------------------
            236.00   238.60      2.6    0.680    0.010     0.73
---------------------------------------------------------------
            280.15   282.60     2.45    0.401    0.006    0.427
---------------------------------------------------------------
            302.58   304.55     1.97    0.052    0.080    0.045
---------------------------------------------------------------
                                                               
---------------------------------------------------------------
EC10-42     130.45   133.25     2.80    0.006    0.506    0.013
---------------------------------------------------------------
            152.95   155.05     2.10    0.039    0.482    0.095
---------------------------------------------------------------
            199.30   201.60     2.30    0.124    0.067    0.213
---------------------------------------------------------------
                                                               
---------------------------------------------------------------
EC10-47      124.1   127.85     3.75    0.175    0.095    0.337
---------------------------------------------------------------
            127.85   130.45      2.6    0.616    0.048     1.25
---------------------------------------------------------------
            193.93   196.87     2.94    0.113    0.170     0.13
---------------------------------------------------------------
            292.55    294.9     2.35    0.345    0.012    0.228
---------------------------------------------------------------
                                                               
---------------------------------------------------------------
EC10-48     101.35   104.23     2.88    0.489    0.120    0.433
---------------------------------------------------------------
               122   124.95     2.95    0.143    0.006    0.116
---------------------------------------------------------------
            124.95    128.8     3.85    0.134    0.003    0.108
---------------------------------------------------------------



2010 Drilling

In 2010, Creston completed four phases of drilling resulting in the completion
of 45 Exploration and 17 Geotechnical Holes respectively totaling 7,835 and
3,085 metres on its El Creston molybdenum deposit. The drilling intersected
significant above cut-off grade mineralization along the south, west and
northern boundaries of the Main Zone resource outline. In addition, drilling on
the Red Hill Zone has encountered significant near surface molybdenum and/or
copper mineralization that could potentially be mined as part of a larger open
pit that would include both the El Creston Main and Red Hill Zones. 


Sampling and QA/QC

All of the pulp samples were collected from the Companies warehouse and
delivered by Company personnel to ALS-Chemex's prep lab in Hermosillo, Mexico
where they were logged into the computer tracking system, and forwarded to ALS
Chemex's laboratory in Vancouver, B.C for analysis by Inductively Coupled
Plasma. ALS-Chemex is an ISO/17025 accredited laboratory. ALS-Chemex monitors
quality control through the introduction of blanks, standards and duplicate
sampling. Dave Visagie, P. Geo., a Qualified Person as defined by NI 43-101 is
responsible for the technical information contained in this release.


2011 Drill Program

Currently the Company is completing a 15 hole drill program totaling 2,100
metres in length that will test the Main Zone along the west, north and east
boundaries with the purpose of re-classifying those inferred resources to a
measured or indicated status so that they may be included in the feasibility
study scheduled to be released midyear. 


On Behalf of the Board of Directors

CRESTON MOLY CORP.

D. Bruce McLeod, President & CEO

Forward-Looking Statements

This document may contain "forward-looking statements" within the meaning of
Canadian securities legislation and the United States Private Securities
Litigation Reform Act of 1995. These forward-looking statements are made as of
the date of this document and Creston does not intend, and does not assume any
obligation, to update these forward-looking statements.


Forward-looking statements relate to future events or future performance and
reflect Creston management's expectations or beliefs regarding future events and
include, but are not limited to, statements with respect to the estimation of
mineral reserves and resources, the realization of mineral reserve estimates,
the timing and amount of estimated future production, costs of production,
capital expenditures, success of mining operations, environmental risks,
unanticipated reclamation expenses, title disputes or claims and limitations on
insurance coverage. In certain cases, forward-looking statements can be
identified by the use of words such as "plans", "expects" or "does not expect",
"is expected", "budget", "scheduled", "estimates", "forecasts", "intends",
"anticipates" or "does not anticipate", or "believes", or variations of such
words and phrases or statements that certain actions, events or results "may",
"could", "would", "might" or "will be taken", "occur" or "be achieved" or the
negative of these terms or comparable terminology. By their very nature
forward-looking statements involve known and unknown risks, uncertainties and
other factors which may cause the actual results, performance or achievements of
Creston to be materially different from any future results, performance or
achievements expressed or implied by the forward-looking statements. Such
factors include, among others, risks related to actual results of current
exploration activities; changes in project parameters as plans continue to be
refined; future prices of resources; possible variations in ore reserves, grade
or recovery rates; accidents, labour disputes and other risks of the mining
industry; delays in obtaining governmental approvals or financing or in the
completion of development or construction activities; as well as those factors
detailed from time to time in Creston's interim and annual financial statements
and management's discussion and analysis of those statements, all of which are
filed and available for review on SEDAR at www.sedar.com. Although Creston has
attempted to identify important factors that could cause actual actions, events
or results to differ materially from those described in forward-looking
statements, there may be other factors that cause actions, events or results not
to be as anticipated, estimated or intended. There can be no assurance that
forward-looking statements will prove to be accurate, as actual results and
future events could differ materially from those anticipated in such statements.


Accordingly, readers should not place undue reliance on forward-looking statements.
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