Molycorp to Present at Upcoming Investor Conference

Molycorp, Inc. (NYSE: MCP) today announced that it will present to the
investment community at the following conference in New York, NY.

November 30, 2011 at 11:45 AM ET: J.P. Morgan SMid Cap Conference in New
York. Webcast available at: http://jpmorgan.metameetings.com/webcasts/smidcap11/directlink?ticker=MCP

Investors interested in meeting with the company at this event should
contact the J.P. Morgan sales desk for additional information.

About Molycorp, Inc.

With offices in the U.S., Europe, and Japan, Molycorp, Inc. is the
largest rare earth oxide (REO) producer outside of China. In addition to
its current production of REO 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 http://www.molycorp.com.

Molycorp, Inc.

Brian Blackman, +1 303-843-8067

Senior Manager,
Investor Relations

IR@molycorp.com