General Moly Announces Strong Support at Public Hearings

General Moly, Inc. (the 'Company') (NYSE Amex: GMO) (TSX: GMO) announced
that the communities in Eureka County, Nevada voiced strong support for
the Mt. Hope project at two public hearings, hosted by the Bureau of
Land Management (the 'BLM') on January 18th and 19th in Eureka and
Crescent Valley, Nevada.

Last week, as part of the Mt. Hope project's ongoing Draft Environmental
Impact Statement (the 'DEIS') public comment period, the BLM hosted two
public comment hearings to allow members of the Eureka community to
learn about the DEIS and to submit comments to the BLM to be
incorporated into the Final Environmental Impact Statement. Both
meetings were extremely well attended, with over 100 attendees at the
January 18th hearing in Eureka and 75 attendees at the January 19th
hearing in Crescent Valley. Comments submitted were overwhelmingly
positive, with particularly strong support voiced from the local
business community and local residents.

Bruce D. Hansen, Chief Executive Officer, said, 'I was very proud to
hear community leaders from Eureka stand up in support of the Mt. Hope
project. Their support is a testament to the hard work of our team in
Nevada and our commitment to mining done right within the Eureka
community. Importantly, no new issues were raised during the public
hearings and we continue to believe that the BLM has a very robust and
defensible DEIS. We look forward to the conclusion of the public comment
period on March 1, the completion of the Final EIS in the third quarter,
and hopefully initiating construction activities before the end of the
year.'

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

http://www.generalmoly.com

info@generalmoly.com