Concerned Creston Shareholders Disappointed With Definitive Merger Agreement

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Tue Jun 30, 2009 7:01am EDT

  TORONTO, ONTARIO, Jun 30 (MARKET WIRE) -- 
Concerned Creston Shareholders are disappointed to learn that Creston
Moly Corp. ("Creston") has announced that it has signed a definitive
agreement to merge with Tenajon Resources Corp. ("Tenajon").

    On June 23, 2009, the Concerned Shareholder had requisitioned a
shareholders meeting so that shareholders of Creston will be given the
opportunity to vote on the proposed merger between Creston and Tenajon.
Despite being told that certain shareholders are opposed to the merger
with Tenajon and the demand for a shareholders meeting, Creston has
announced that it has signed a definitive agreement to issue more than
53,000,000 shares to Tenajon.

    Creston has not responded to the Concerned Shareholders and has not
called a special meeting of shareholders. The proposed transaction has
been structured to avoid giving Creston shareholders the right to vote.

    The Concerned Shareholders believe the proposed merger with Tenajon is
not in the best interests of Creston or its shareholders. The Concerned
Shareholders believe the proposed transaction is overly dilutive to
Creston shareholders and has been structured to avoid giving Creston
shareholders an opportunity to vote on the proposed merger.

    The Concerned Shareholders believe the proposed merger with Tenajon has
been poorly negotiated and are disappointed with the management of
Creston's assets and therefore also seek to replace the Board of
Directors.

Contacts:
Concerned Creston Shareholders
Carl DiPlacido
416-917-5039

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