General Moly Announces Milestone for Mt. Hope Environmental Impact Statement

General Moly (NYSE Amex: GMO) (TSX: GMO) announced that on Monday, April
11, 2011, the Bureau of Land Management (BLM) circulated the second
draft of the Mt. Hope project's Preliminary Draft Environmental Impact
Statement (PDEIS) to cooperating agencies. Cooperating agencies will
review the second draft of the PDEIS and provide comments to the BLM,
which will form the basis of the Draft Environmental Impact Statement
(DEIS).

Following receipt of submitted comments, the BLM and its independent
contractor will evaluate comments and move forward with production of
the DEIS. The comment and review process is anticipated to take three to
four weeks. The Company continues to anticipate completion of the DEIS
in the second quarter and publication of the DEIS in the Federal
Register in the second or third quarter of this year.

Bruce D. Hansen, Chief Executive Officer, said, 'We are pleased the BLM
has circulated the PDEIS for a second round of cooperating agency
reviews. This progress is important in that all comments from the first
draft of the PDEIS have been evaluated and incorporated as appropriate
into this document, along with additional requested analysis, in a
manner acceptable to the BLM. We will continue to drive this process
forward as quickly as we are able.?

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

Seth Foreman, 303-928-8591

sforeman@generalmoly.com

or

Media

Zach
Spencer, 775-748-6059

zspencer@generalmoly.com

or

Website:
http://www.generalmoly.com

info@generalmoly.com