In industry, the cost of production is an important factor and it is preferred to use conventional and low cost procedures for producing the parts. Heat treatment cycles and alloying additions are the key factors affecting the microstructure and mechanical properties of the cast steels. In this study an attempt was made to evaluate the influence of minor Mo addition on the microstructure and mechanical properties of conventionally heat treated cast micro-alloyed steels. The results of Jominy and dilatometry tests and also microstructural examinations revealed that Mo could effectively increase the hardenability of the investigated steel and change the microstructure features of the air-cooled samples. Acicular microstructure was the consequence of increasing the hardenability in Mo-added steel. Besides, it was found that Mo could greatly affect the isothermal bainitic transformation and higher fraction of martensite after cooling (from isothermal temperature) was due to the Mo addition. The results of impact test indicated that the microstructure obtained in air-cooled Mo-added steel led to better impact toughness (28J) in comparison with the base steel (23J). Moreover, Mo-added steel possessed higher hardness (291HV), yield (524MPa) and tensile (1108MPa) strengths compared to the base one.