News Release

An anonymous director reports

SPROTT MOLYBDENUM PARTICIPATION CORPORATION ANNOUNCES AGREEMENT TO PURCHASE MOLYBDENUM OXIDE

Sprott Molybdenum Participation Corp. entered into an agreement in April, 2007, with Thompson Creek Metals Company Inc. to purchase molybdenum oxide containing 600,000 pounds of Mo at the then current market price of $28.40 (U.S.) per pound Mo. Shipment of the product will take place over the course of the corporation's fourth quarter.

Thompson Creek will assist the corporation in arranging for storage and will receive compensation for such service as outlined in the technical consulting agreement dated April 3, 2007.