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Press release from Business Wire

Molycorp to Report First Quarter 2012 Financial Results on May 10

<p> <i><b>Conference Call to Follow at 4:30 p.m. Eastern</b></i> </p>

Monday, April 30, 2012

Molycorp to Report First Quarter 2012 Financial Results on May 1007:00 EDT Monday, April 30, 2012 GREENWOOD VILLAGE, Colo. (Business Wire) -- Molycorp, Inc. (NYSE:MCP) today announced that it will release financial results for the first quarter ended March 31, 2012, after the market closes on Thursday, May 10, 2012. Release of Molycorp's financial results will be followed by an investor conference call at 4:30 p.m. Eastern. Mark Smith, President and Chief Executive Officer, and James Allen, Treasurer and Chief Financial Officer, will host the call. Investors and news media representatives interested in participating in the live call from the U.S. should dial +1 (866) 362-4829 and reference passcode number 71439698. Those calling from outside the U.S. should dial +1 (617) 597-5346 and reference the same passcode as above. A telephone replay will be available approximately two hours after the call concludes through May 17, 2012 by dialing +1 (888) 286-8010 from the U.S., or +1 (617) 801-6888 from international locations, and entering passcode 78258730. There will also be a simultaneous live audio webcast available on the Investor Relations section of the Company's website at http://www.molycorp.com/investors.aspx. The webcast will be archived on the website for 90 days. About Molycorp, Inc. With offices in the U.S., Europe, and Japan, Molycorp, Inc. is the only U.S-based company that is fully integrated across the rare earth mine-to-magnets supply chain. In addition to its current production of rare earth oxides at its flagship rare earth mine and processing facility at Mountain Pass, California, the Company produces rare earth metals, rare earth alloys (such as neodymium-iron-boron and samarium-cobalt alloys) and rare metals such as niobium and tantalum. The rare earths and rare metals Molycorp produces are critical inputs in existing and emerging applications including: clean energy technologies, such as hybrid and electric vehicles and wind power turbines; multiple high-tech uses, including fiber optics, lasers and hard disk drives; numerous defense applications, such as guidance and control systems and global positioning systems; advanced water treatment technology for use in industrial, military and outdoor recreation applications; and other technologies. For more information please visit www.molycorp.com. Molycorp, Inc.Jim Sims, +1-303-843-8062Vice President, Corporate CommunicationsJim.Sims@Molycorp.comorBrian Blackman, +1-303-843-8021Senior Manager, Investor RelationsBrian.Blackman@Molycorp.com