MOLY MINES LIMITED

46-50 Kings Park Road, West Perth

Western Australia 6005

PO Box 8215, Subiaco East

Western Australia 6008

Telephone +61 8 9429 3300

Facsimile +61 8 9429 3399

Email info@molymines.com

ABN 32 103 295 521

17 January 2014
Australian Securities Exchange Limited
Exchange Plaza
2 The Esplanade
Perth, WA 6000

BOARD AND MANAGEMENT CHANGES Moly Mines Limited (ASX/TSX: MOL) ("Moly" or "the Company") announces the appointment of Mr Doug

Buerger and Ms Cathie Wu as Non-executive Directors and Ms Susan Hunter as Company Secretary
following the resignation today of Mr Peter Mansell as Non-executive
Company Secretary.
Director and Mr Neil Hackett as
Mr Buerger specialises in exploration, geochemistry and
geology with
over 40 years experience in the
resources industry in base metals, gold and uranium.
He has
extensive
experience
in project
management, general management and executive management roles.
Most recently he held the position
of Managing Director and CEO of Bendigo Mining Limited.
Prior to his role with Bendigo Mining Limited,
Mr Buerger worked in a
umber of general manager and exploration manager positions within Australasia
and Africa.
Mr Buerger is experienced with
the equity
markets, having raised
substantial funds on
international markets for exploration and mine development.
Mr Buerger holds a Bachelor of Science and
a MPhil and
is a Fellow
of the Australasian Institute of
Mining and
Metallurgy
and a Member of the
Australian Institute of Company Directors.
Ms Wu has a strong background in business analysis and was formerly a project development manager at
UBS SDIC Fund Management Company in China. She has significant experience in corporate analysis
and investm
nt in the mining industry and experience as a non-executive Director on an
ASX listed
company. Ms Wu holds a Bachelor of Science from Fudan University and a MPhil (Research) in Infsys from the University of New South Wales.
Ms Hunter has over 19 years' experience in the corporate finance industry. She is founder and managing
director of consulting firm Hunter
Corporate
Pty Ltd,
which specialises in
provision of
corporate
governance and company secretarial advice to ASX listed companies, and has
previously
held senior
management roles at Ernst & Young, PricewaterhouseCoopers and Bankwest both in Perth and Sydney.
Ms Hunter
holds a Bachelor of Commerce,
is a Member of the
Australian
Institute of
Chartered
Accountants,
a Fellow
of the Financial Services Institute
of Australasia, a Graduate Member of the
Australian Institute of Company Directors and an Associate of the Governance Institute of Australia Ltd.
"We are delighted to welcome Doug and Cathie to the Moly Board and Susan as Company Secretary and
believe their
backgrounds and significant expertise will be of great
benefit to the Company" said Mr
Nelson Chen, Chairman of Moly.
The Board thanks Messrs Mansell and Hackett for their contribution to the Company and wishes them well in their future endeavours.

ENDS

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