The news of her death was first announced on the official Twitter handle of James Bond.
The tweet read, "We are sad to hear that Molly Peters has passed away at the age of 75. Our thoughts are with her family."
Her cause of death has not yet been announced.
She appeared opposite Sean Connery in 1965 offering 'Thunderball,' where she played Patricia Fearing, a nurse who dallied with 007.
It comes just days after former Bond star Roger Moore died at the age of 89, following a short battle with cancer.
Molly was born in 1942 in the Suffolk village of Walsham-le-Willows and started her career as a model in men's magazines - including Playboy and Parade.
While ' Thunderball' was Peters' most notable film role, she went on to star in the 1968 feature ' Don't Raise the Bridge,' ' Lower the River'.