Creston and Tenajon Announce Closing of Business Combination

Creston Moly Corp. ("Creston") (TSX VENTURE:CMS) and Tenajon Resources Corp.
("Tenajon") (TSX VENTURE:TJS) are pleased to announce that the previously
announced business combination, by way of Plan of Arrangement (the
"Arrangement"), was approved by the Supreme Court of British Columbia on August
21, 2009 and closed effective as of 12:01 AM (Pacific Standard Time) earlier
today. Tenajon's shares have ceased trading effective the closing time of 12:01
AM this morning. 


Highlights of the Transaction:

(All amounts are in US$ unless otherwise stated.)

- Creation of a platform for the combined company to become a leading molybdenum
development company via organic growth and acquisition opportunities;


- Consolidation of a large reserve and resource base consisting of three
projects in favourable geographic locations (Mexico and Canada);


- 100% ownership of the Creston Molybdenum Deposit which has a pre-tax NPV8% of
US$503 million at $15/lb Moly and $1.75/lb Cu under an owner mining scenario.
Direct cash costs are estimated at $5.74/lb of Mo equivalent under an owner
mining scenario; 


- 100% ownership of two Canadian development molybdenum deposits, including the
Ajax deposit and the Moly Brook deposit, both of which possess significant
43-101 Resource estimates;


- Excellent exploration potential on all three resource projects; and

- Strengthened management team with extensive experience in raising capital and
developing projects on plan and on budget.


Transaction Summary

Pursuant to the Arrangement, holders of Tenajon shares are entitled to receive
0.84 share of Creston for each common share of Tenajon held. Tenajon options and
Tenajon warrants were exchanged for Creston options and warrants respectively on
the same exchange ratio. Additional information on the transaction is available
in the Information Circular available on SEDAR at www.sedar.com.


Tenajon Shares to be Delisted

Tenajon has applied to have its shares delisted from the TSX Venture Exchange.
Creston will be sending out letters of transmittal to the Tenajon shareholders
providing instructions on how to exchange their share certificates pursuant to
the Arrangement. Tenajon shareholders can also find a copy of the letter of
transmittal on SEDAR at www.sedar.com.


Board & Management of Creston

As a result of the closing of the Arrangement, the board of directors of Creston
now consists of six directors, being Colin K. Benner (Chairman), Bruce McLeod
(President & CEO), Richard Godfrey, John McCleery, John Robins and Michael
Gunning. Wayne Johnstone will continue as CFO and Jonathan George and Alfonso
Daco have been appointed as advisors to the Board.


The New Creston

With Tenajon and Creston now combined, Creston Moly Corp. is one of the largest
molybdenum explorers and developers in North America with a 100% interest in
three large scale molybdenum deposits; being the Creston Molybdenum Deposit
(Creston Project) located in the State of Sonora, Mexico, the Moly Brook
Molybdenum Deposit located on the southern coast of Newfoundland and the Ajax
Molybdenum Deposit located north of Alice Arm, BC.


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 Moly Corp. and Tenajon Resources Corp.
(hereinafter referred to as the "Companies") do not intend, and do not assume
any obligation, to update these forward-looking statements.


Forward-looking statements relate to future events or future performance and
reflect management of the Companies' 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
the Companies 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 the Companies' 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 the
Companies have 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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