General Moly Announces Executive Appointments

General
Moly, Inc. (the 'Company') (NYSE MKT and TSX: GMO), a U.S.-based
molybdenum mineral development, exploration and mining company,
announced that Michael A. Iannacchione has been appointed Vice President
and General Manager of the Mt. Hope project and Patrick C. Rogers has
been appointed Vice President of Permitting & Environmental Compliance.
Additionally, Zach M. Spencer has been promoted to Director of External
Communications and Randall D. Johnson has joined the Company as Mine
Manager of the Mt. Hope project.

'Today's promotions of Mike, Pat and Zach reflect our appreciation for
the many contributions they have made to the Company and our confidence
in the significant role they will play in the successful development of
Mt. Hope,' said Bruce D. Hansen, Chief Executive Officer of General
Moly. 'I would also like to welcome Randy to the team. Randy′s extensive
and diverse mining experience will be invaluable for a start-up
operation, and we expect him to be a key contributor to Mt. Hope′s
success.?

Mr. Hansen continued, 'We are moving forward in the permitting process
for our Mt. Hope project and continue to expect a receipt of a favorable
Record of Decision (RoD) as well as completion of the remaining major
Nevada State permits by the end of 2012, and to commence construction
shortly thereafter. The appointments announced today reflect the success
we′ve had in assembling a world-class team of mining professionals
capable of supporting General Moly's next stage of development.?

Mr. Iannacchione joined the Company in May 2011 and has been primarily
responsible for building the Mt. Hope operating team, coordinating
construction and start-up activities and managing local stakeholder
relationships. After construction is complete, he will manage the
operation of the Mt. Hope mine. Mr. Iannacchione has more than 29 years
of mining experience, predominately in Nevada. This included serving as
Operations Manager at Goldcorp's Marigold Mine where he managed
operation and maintenance activities targeting a 55 million ton per year
production rate. Prior to that, Mr. Iannacchione was Vice President and
General Manager at the Round Mountain gold mine, a joint-venture between
Barrick Gold Corporation and Kinross Gold Corporation. Mr. Iannacchione
earned a BS in Mine Engineering from the University of Nevada, Reno, and
is active in the SME.

Mr. Rogers joined General Moly in 2007, and has led the Company′s
permitting, land management, water rights, environmental programs and
compliance for the Mt. Hope and Liberty projects. He also provides
corporate level communications and direction throughout local, state,
and federal channels. Mr. Rogers has over 27 years of environmental,
permitting and regulatory compliance experience in mining and mill
operations, primarily in Nevada. Previous roles include building a
successful consultancy as Elko Division Manager of JBR Environmental
Consultants and serving as Environmental Manager at Newmont Mining
Corporation. Mr. Rogers earned an MS and BS in Geology from the
University of Idaho, and is a Certified Environmental Manager (NV) and
Registered Professional Geologist (ID).

Mr. Spencer has managed the Company′s external communications for
communities, governmental officials and non-profit organizations since
2007. He also cultivates media relations for General Moly. Mr. Spencer
has more than 24 years experience in the communications field, including
eight in the mining industry, mainly in Nevada. This included serving in
External Communications at Newmont Mining Corporation as well as
positions in print and broadcast journalism. Mr. Spencer earned a BA in
Journalism from the University of Nevada, Reno and an MBA from Golden
Gate University. He has also served in leadership roles on numerous
boards including the Nevada Mining Association and Northwest Mining
Association.

Mr. Johnson has 38 years of mining industry experience in coal and hard
rock mining with Santa Fe Pacific Mining, North American Coal
Corporation, TXU/Luminant Mining and, most recently, with Westmoreland
Coal Company. At Westmoreland Coal Company, as General Manager, Mr.
Johnson managed overall operations, including production, training and
maintenance functions for a 5 million ton per year, open pit,
truck/shovel coal mining operation. In that role, he implemented
maintenance programs to increase equipment availability, executed
processes to improve production and was responsible for all aspects of
drilling and blasting operations. Mr. Johnson earned a BS in Mining
Engineering at the New Mexico Institute of Mining & Technology. He will
report to Michael Iannacchione, Vice President and General Manager of
the Mt. Hope project.

General Moly is a U.S.-based molybdenum mineral development, exploration
and mining company listed on the NYSE MKT (formerly the NYSE AMEX) 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 in the world. 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. The bank financing and subordinated
loans are subject to final negotiation and satisfaction of conditions
precedent. 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

Scott Kozak, 303-928-8591

skozak@generalmoly.com

or

Media

Zach
Spencer, 775-748-6059

zspencer@generalmoly.com

info@generalmoly.com

http://www.generalmoly.com