General Moly Appoints Robert I. Pennington as Chief Operating Officer

General Moly, Inc. (the 'Company') (NYSE Amex: GMO) (TSX: GMO) announced
that Robert I. Pennington has been appointed Chief Operating Officer.
Additionally, the Company announced the hiring of Bernard (Bernie)
Pacheco as Mt. Hope project Controller and Fred Zumwalt as Mt. Hope Mill
Manager, effective January 1, 2012.

Mr. Pennington joined General Moly in October 2007 as Vice President of
Engineering and Construction and has overseen Mt. Hope and Liberty
permitting and development since that time. Previously, Mr. Pennington
served as Chief Operating Officer of M3 Engineering & Technology (M3) in
Tucson, Arizona. Mr. Pennington has 33 years of metal mine operations
and project management experience, including 24 years in management of
mine and plant operations. He previously served as President at the
Phelps Dodge Tyrone operations and General Manager at Phelps Dodge
Morenci. Mr. Pennington's project experience dates back to 1982 with the
construction and startup of the Kennecott Chino concentrator, followed
by design, construction, and startup of the Chino SXEW plant, the Phelps
Dodge Candelaria operation in Chile, the Piedras Verdes SXEW operation
in Mexico and various other projects while working in the role of
project manager for M3. Mr. Pennington has extensive experience in base
metal operations and design, molybdenum processing and has a Bachelors
of Science from the New Mexico Institute of Mining and Technology.

Mr. Pacheco has 40 years of industry experience, including the last 24
years with Newmont Mining Corp in a variety of Project Controller
positions. Most recently, Bernie served as Project Controller at
Yanacocha for the $4 billion Minas Conga project in Peru. Additionally,
he most recently served as Newmont's Global Director of Project
Accounting and was a member of the Capital Effectiveness Team. In that
role, Bernie had final responsibility for closing and reconciling costs
for many of Newmont's substantial projects including the Ahafo gold
project (Ghana, 2007), the Phoenix expansion (Nevada, 2006), the
Leeville underground development (Nevada, 2008), the Phoenix crushing
installation (Nevada, 2008), the TS Power Plant construction (Nevada,
2009), Hope Bay infrastructure construction (Canada, 2009), Yanacocha
Gold Mill installation (Peru, 2009), and Boddington project construction
(Australia). In his role, Bernie will report to Lee Shumway, Corporate
Controller & Treasurer.

Mr. Zumwalt has 26 years of industry experience including 21 years with
Phelps Dodge and Freeport McMoran. Most recently, Mr. Zumwalt served as
Assistant Manager of Concentrator Operations at Cerro Verde, a large
copper and molybdenum mine in Peru, which is currently completing an
expansion from 108ktpd to 120ktpd. In that role, Fred was responsible
for copper and moly production from the concentrator plant. Fred also
served as Superintendent of Process Control at Cerro Verde from 2007 to
2008. Prior to Cerro Verde, Fred spent eight years as Senior
Metallurgist at the Henderson molybdenum mine in Colorado, where he
supervised both the analytical laboratory and packaging departments,
overseeing final product shipment globally. Additionally, he
participated in Henderson's ISO 2000 program. Mr. Zumwalt also worked on
the construction, startup and operations teams of the Candelaria project
in Chile and the Alumbrera project in Argentina. In his role, Fred will
report to Mike Iannacchione, Mt. Hope General Manager.

Bruce D. Hansen, Chief Executive Officer, said, 'I would like to
congratulate Bob on his promotion to Chief Operating Officer. Bob works
extremely hard for this Company and will be key to the successful
construction and development of Mt. Hope. Additionally, I would like to
welcome Bernie and Fred to General Moly. I am excited that the quality
of the Mt. Hope project continues to attract some of the most
experienced mining professionals from around the globe to join our
small, but growing team. Both Bernie's and Fred's substantial industry
experience will be invaluable in the construction and ramp-up of the Mt.
Hope project.'

General Moly is a U.S.-based molybdenum mineral development, exploration
and mining company listed on the NYSE Amex (formerly the American Stock
Exchange) and the Toronto Stock Exchange under the symbol GMO. Our
primary asset, our interest in the Mt. Hope ?project located in central
Nevada, is considered one of the world's largest and highest grade
molybdenum deposits. Combined with our second molybdenum property, the
Liberty project that is also located in central Nevada, our goal is to
become the largest primary molybdenum producer by the middle of the
decade. For more information on the Company, please visit our website at http://www.generalmoly.com.

Forward-Looking Statements

Statements herein that are not historical facts are 'forward-looking
statements? within the meaning of Section 27A of the Securities Act, as
amended and Section 21E of the Securities Exchange Act of 1934, as
amended and are intended to be covered by the safe harbor created by
such sections. Such forward-looking statements involve a number of risks
and uncertainties that could cause actual results to differ materially
from those projected, anticipated, expected, or implied by the Company.
These risks and uncertainties include, but are not limited to, metals
price and production volatility, global economic conditions, currency
fluctuations, increased production costs and variances in ore grade or
recovery rates from those assumed in mining plans, exploration risks and
results, political, operational and project development risks, including
the Company′s ability to obtain required permits to commence production
and its ability to raise required financing, adverse governmental
regulation and judicial outcomes. The closing of the Hanlong transaction
and obtaining bank financing are subject to a number of conditions
precedent that may not be fulfilled. For a detailed discussion of risks
and other factors that may impact these forward looking statements,
please refer to the Risk Factors and other discussion contained in the
Company′s quarterly and annual periodic reports on Forms 10-Q and 10-K,
on file with the SEC. The Company undertakes no obligation to update
forward-looking statements.

General Moly:

Investors and Business Development - Seth
Foreman

(303) 928-8591

sforeman@generalmoly.com

or

Media
? Zach Spencer

(775) 748-6059

zspencer@generalmoly.com

Website:
http://www.generalmoly.com

info@generalmoly.com