Velocity Minerals Ltd. reports its company’s development and acquisition of advanced or high grade molybdenum mineral properties.

Velocity presently owns the mineral rights to two molybdenum projects in northern British Columbia (Mt. Haskin and Cassiar Moly) and is actively pursuing other properties in North America and internationally. Velocity Minerals has completed the phase one 2008 drilling program on its Mt Haskin property near Cassiar in Northern British Columbia. Velocity Minerals is pleased with the thirteen drilled holes from the phase one program with a total length 11,244 feet which were designed to confirm and possibly expand the historically reported non-NI 43-101 compliant molybdenum resource of 13.5 million tons grading 0.157% MoS2 (0.094% Mo).

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