("ADANAC")
(AUA:TSX .
Under an existing contract, KLOHN CRIPPEN has preformed environmental
baseline studies and is now preparing the Environmental Impact Assessment
documents for submission to the British Columbia Environmental Assessment
Office in early October. is pleased to have assembled this prestigious team of
contractors to perform the Feasibility Engineering for the Ruby Creek Project. Fisher C.Eng.

On Behalf of Management

ADANAC MOLY CORP., 2A 15782 Marine Drive, White
Rock, BC , CANADA, V4B 1E6, Telephone: (604) 531-9639, Facsimile:
(604) 531-9634, Email: http://www. NPC will also benefit as municipalities
strive to meet the rapidly growing need to rehabilitate their aging sewer
infrastructure. The Company has built its market
leading position and brand awareness through a 30 year history of serving
precasters. American Capital outperformed 86%, 78%,
93% and 98% of all public companies in the 1-year, 3-years, 5-years and the
approximately 7-1/2 years since our IPO, in each case ending May 31, 2005. Consequently, an investor's shares, when sold, may be
worth more or less than their original cost.

rfr rhd

C. The measured and indicated resource which
is being used as the starting point for the Feasibility is 205,100,000 tonnes
grading 0.062% Mo, (at a 0.

Contracts for the work have been awarded to:

GOLDER ASSOCIATES LTD (GOLDER) - for mine design, rock slope stability,
and updating the resource model to include the diamond drilling just
completed. WARDROP is a full service engineering
company with 50 years successful history serving the Canadian mining industry.

"Larry W. Reaugh, President and Chief Executive Officer

-------------------------------------------------------------------------
The TSX-Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release. All
statements, other than statements of historical fact, included herein are
forward -looking statements that involve various risks and uncertainties.ACAS.com/our_portfolio/our_portfolio . Additionally, American Capital's
current performance may be lower or higher than the performance data quoted
above. While higher than the state and national averages for the
month, the December 2004 city rate of 5.
Grand Prairie is located in the Dallas-Fort Worth (DFW) metroplex,
directly between the two major cities and south of DFW International
Airport.

stabilisation dressel

The Company has a
history of stable and consistent financials. The statements
regarding expected results of American Capital Strategies are subject to
various factors and uncertainties, including the uncertainties associated with
the timing of transaction closings, changes in interest rates, availability of
transactions , changes in regional, national or international economic
conditions, or changes in the conditions of the industries in which American
Capital has made investments.8 million
general obligation bonds and $53.
While an expanding population is expected to generate service-related
pressures at some point, Fitch believes the city's healthy reserve
levels, extensive planning and forecasting efforts, and conservative
budgeting practices position the city well to meet future demands.5% increase
in general fund spending from the prior year budget, reflecting
improving economic conditions .

subsidence wwtp

Fisher, C. Post close, American Capital owns approximately 89% of NPC,
on a fully diluted basis . These products
include chimney seals and internal joint seals for manhole and pipe repair,
targeting the growing market for rehabilitation products for North America's
decaying sewer infrastructure .

Fitch Rates Grand Prairie TX GOs COs 'AA'

6% increase for fiscal
2004, to $6.

geoenvironmental stabilisation

Engineering is scheduled to be completed by December 31st, 2005, with
submission of the final report in January 2006.

WARDROP ENGINEERING INC (WARDROP) - for detailed development of the mill
process and infrastructure including the diesel-electric power plant to be
used in the initial years of operation; and to evaluate specific alternative
options for process unit operations.Eng., the leading designer and manufacturer of flexible,
rubber pipe-to-manhole connectors for sanitary sewer, stormwater and drainage
systems. The series 2005 certificates will
fund various municipal improvements, and the series 2005A certificates
will pay contractual obligations to be incurred related to street
construction within reinvestment zone number two.2% increase from
the prior year.

dressel geoenvironmental

50 per $100 taxable
assessed valuation (TAV) limitation. The
pause in growth was brief, however, as TAV posted a respectable 4 .

The Civil: Consulting category contains civil engineering consultants as well as multidiscipline civil engineering consultants.

toothman maxey

The work will focus on capital
and operating cost reductions compatible with the production of a premium
grade molybdenite concentrate. NPC operates from three facilities , two in
Milford, New Hampshire and one in Park Hills, Missouri."

ABOUT AMERICAN CAPITAL
American Capital is a publicly traded buyout and mezzanine fund with
capital resources of approximately $5.
Companies interested in learning more about American Capital's flexible
financing should contact Mark Opel, Senior Vice President, Business
Development, at (800) 248-9340, or visit our website.
The Rating Outlook is Stable.
The bonds and certificates are direct obligations of the city,
payable from an ad valorem tax subject to a $2. Residential
development is accelerating , due primarily to several large projects
that are underway adjacent to Joe Pool Lake.8 billion, in response to the decelerating economy.

shive waterhammer

V) is pleased to announce the start of Final Feasibility Engineering
for its Ruby Creek Molybdenum Project located near Atlin, B.

KLOHN CRIPPEN CONSULTANTS LTD (KLOHN CRIPPEN) - continuation of site
geotechnical engineering services for site water management , tailings storage
and waste rock storage.
Adanac Moly Corp.
---------------------- ---------------------------------------------------

/CONTACT: Adanac Moly Corp. NPC management is investing in equity alongside
American Capital. Past performance does not guarantee future results and the
investment return and principal value of an investment in American Capital
will likely fluctuate. Recent
improvement in several key financial measures, including sales tax
receipts , tax base growth, and operating reserves, suggest the
economic recovery is strengthening in the city . Grand
Prairie fared better than other area cities regarding sales tax
revenues during the recession , and it relies less on sales taxes
(22%-26% of general fund revenues since fiscal 1998) than a number of
other municipalities.

multidiscipline forecourt

4 million lbs).

The total value of these contracts is approximately two million dollars
($2,000,000 Cdn)., Vice President of Project Development and Mr. Fisher visited the Ruby Creek property on June 21, 2005. American Capital is also providing
a revolving credit facility.37 million general obligation refunding and improvement
bonds, series 2005;

$2. Additionally, Fitch
affirms the 'AA' ratings on the city's outstanding $62.

wwtp roadway

The test work results are essential components for detailed process design,
and the geometallurgical parameters will also be incorporated into GOLDER'S
resource model. KLOHN CRIPPEN is a recognized leader in the design of
tailings dams.
City finances have been characterized by generally positive
operating results and healthy reserves. These results would easily exceed original
budget projections and would reflect larger than anticipated
contributions from several operating revenue sources and continuing
cost control efforts by city administrators.3%, higher than that of the state and nation but lower than the
county rate.

barrell roadway

The feasibility is predicated on a year-round open pit operation
producing 20,000 tonnes mill feed per day sustainable for more than twenty
years.Eng. (Nasdaq: ACAS) announced today it has invested $30 million in
the buyout of NPC Inc."
"American Capital is backing a management team with substantial market
experience, strong customer relationships and a history of success. "The strategic and
financial resources they bring to the table will help us implement our vision
for the Company.51 dividends per share since its August 1997 IPO at $15 per
share.

rhd multidiscipline

,
P."
American Capital has invested over $2.
General fund sales tax receipts in fiscal 2004 are expected to
have totaled $16 million, which would represent a 6.4 million and $305.

maxey stabilisation

VANCOUVER , Sept., American Capital
Strategies Ltd.935 million combination tax and revenue certificates of
obligation, series 2005;

$710,000 combination tax and tax increment certificates of
obligation, series 2005A (reinvestment zone number two).

subsoil waterhammer

The feasibility engineering will be overseen by Director, Mike MacLeod,
P. American Capital's investment takes the form of a senior term C
loan, senior subordinated debt and equity. Preliminary fiscal 2004 operating results project
general fund net income of roughly $3 million and a corresponding
increase in reserves .
Defense, manufacturing, aerospace, and distribution continue to be
major components of the local economy.

waterhammer toothman

21 - Adanac Moly Corp.
The technical information contained in this press release is compiled by
John W.5 billion in the last twelve months,
over $1. This jump follows two years of declines in sales tax
receipts and offers further evidence of an economic rebound.

multidiscipline waterhammer

John W.
"NPC is well known for its superior product quality, consistency and
performance, as well as timely delivery response and excellent customer
service," said American Capital Principal Dale Stohr.
American Capital provides senior debt, mezzanine debt and equity to fund
growth, acquisitions and recapitalizations .
Performance data quoted above represents past performance of American
Capital.

The bonds and certificates are expected to price the week of March
14 via a syndicate led by RBC Dain Rauscher Inc. Liquidity was
equally sound, with cash and short-term investments totaling nearly
$15 million for the year; these results were consistent with prior
years' results.

oreland hydropower

, an independent qualified person as defined by
NI 43-101.AdanacMoly.

American Capital Invests $30 Million in Buyout of NPC

cfm. We look
forward to working with them," said American Capital Managing Director Robert
Klein.

This press release contains forward-looking statements. Bond proceeds will be used to
refund a portion of the city's outstanding bonds and certificates in
order to lower debt service requirements, and finance street, public
safety, and drainage improvements.1 billion for fiscal 2005 .

maxey barrell

Important factors that could cause actual results to differ
materially from the Company's expectations are disclosed in the Company's
documents filed from time to time with the Toronto Venture Exchange , the
British Columbia Securities Commission and the US Securities and Exchange
Commission.com for
more information/

"Its products are
critical to the sanitary sewer infrastructure and will benefit from increasing
adoption in stormwater systems.
"We are excited about partnering with American Capital for the next phase
of our Company's growth," said NPC CEO Randy Snyder. American Capital invests in
and sponsors management and employee buyouts, invests in private equity
buyouts , and provides capital directly to private and small public companies.

Business Editors

AUSTIN , Texas----Fitch Ratings
assigns an 'AA' rating to the following City of Grand Prairie, Texas'
(the city) issues:

$14.3 million certificates of obligation. The series 2005 certificates are
further secured and payable from a limited pledge (not to exceed
$2,500) of net revenues of the city's waterworks and sewer system.1 million, respectively;
these results were well above the previous record of roughly $180
million posted in 1998. In addition, retail trade and
entertainment have emerged as significant economic components and
serve to diversify the mix.

wwtp waterhammer

The general fund ended fiscal
2003 with a modest operating surplus and a fund balance of $16
million, representing 23 % of expenses and transfers out. The city has an estimated 2005 population of 145,812.

subsoil renwick

, consulting metallurgical engineer involved in ore processing and mill
layout., P. "It is our ninth
buyout of 2005.

rfr multidiscipline

The successful
completion of the Preliminary Feasibility was previously announced in a press
release issued 1st September. For more
information about American Capital's portfolio, go to
http://www .4 billion.
As of May 31, 2005, American Capital shareholders have enjoyed a total
return of 364% since the Company's IPO -- an annualized return of 22%,
assuming reinvestment of dividends.

7% is down from recessionary
highs and suggests an improving employment picture.

waterhammer streetscapes

Ruby Creek final feasibility is underway (Moly @$34.88 US/LB)

GOLDER is a world renowned company recognized as a leader in
resource and reserve estimation/evaluation and for its mining and geotechnical
expertise.Eng. This news release
may contain certain "Forward-Looking Statements" within the meaning of Section
21E of the United States Securities Exchange Act of 1934, as amended. Retail trade has followed
the ongoing residential development, further diversifying the tax and
economic base from its traditional commercial and industrial anchors. The budget includes pay increases to
city employees and no increase in the property tax rate. Direct debt per capita and as a percentage of
TAV is moderate; overall debt ratios are above average, primarily due
to substantial debt issuance by the area school district. Payout is
slightly above average.

forecourt wwtp

5 million lbs) and for the twenty two year period some
80 million kg (176.04% Mo cutoff ).
All aspects of this feasibility will be NI 43-101 compliant.Eng. There
can be no assurance that such statements will prove to be accurate, and actual
results and future events could differ materially from those anticipated in
such statements.
NPC's flexible connectors, or "Boots ," create a watertight seal between
inlet and outlet pipes and concrete manholes, preventing leakage and ground
water infiltration while allowing for movement due to ground settling,
shifting, and vibration.5%
increase to $7. The 2002 and 2003 annual unemployment rates were
7. Local wealth
measures generally exceed state and national averages.

geoenvironmental shive

Total production of molybdenum in the first five full years is expected
to be 27 million kg (59.

MINNOVEX TECHNOLOGIES INC (MINNOVEX ) - for completion of comminution and
flotation testwork to optimize these processes for the Ruby Creek resource. MINNOVEX a recognized leader in comminution + flotation
testwork for process plant design and recently became part of the Lakefield
SGS group. John W. Reaugh"
------------- ----

Larry W.
"NPC is representative of the type of company that American Capital looks
to invest in: it is the leading player in a small market with strong cash
flows, excellent industry fundamentals, and multiple end product and market
growth opportunities," said American Capital COO Ira Wagner. NPC's products are sold to a diversified customer
base of more than 300 concrete precasters , who produce manholes, box culverts,
storm-drain structures, and septic tanks. In addition to its core connectors business, the Company
manufactures a broad product line of specialized equipment and products used
in producing, testing and repairing manholes and pipes. The fiscal 2005 budget includes a 7.

dressel rfr

BETHESDA, Md.2 billion year to date and $840 million quarter to date.
American Capital has paid a total of $717 million in dividends and paid or
declared $17.

The
series 2005A certificates are also payable from tax increment revenues
collected within the reinvestment zone.
The 'AA' rating reflects Grand Prairie's sound financial profile
and prudent fiscal stewardship , and moderate debt burden.
TAV growth, which had averaged more than 8% annual increases from
fiscal years 1999-2003, registered a modest 2. Defying any lingering
effects of the recession, total residential building permits soared in
2003 and 2004 to $247.
Prior to 2002, local unemployment rates had been lower than state
and national levels.