General Moly Announces Strong Support for Mt. Hope Project

General Moly, Inc. (the 'Company') (NYSE Amex: GMO) (TSX: GMO) announced
the results of an independent poll of residents in Eureka and
surrounding counties commissioned by the Company showed overwhelming
support for the Mt. Hope project.

Bruce D. Hansen, Chief Executive Officer, said, 'The results of this
survey indicate that our commitment to becoming a long-term partner of
the Eureka community through involvement and through open and
transparent communications has helped us generate this well deserved
public support for the Mt. Hope project. Based on responses from 448
households, 83% are supportive of the Mt. Hope project being developed.?

Details of the survey will be discussed at an open house in Eureka at
the Opera House beginning at 5:30 p.m. on August 3, 2011. The public and
media are invited and encouraged to attend. The survey results will also
be posted to the Company′s website with this release. The poll,
conducted by the respected Nevada firm Applied Analysis, contains
results similar to a smaller-sample poll done in 2010. Highlights of the
survey include:

Importance and Support of Mining Industry:

• 
  89% of respondents are supportive of the mining industry compared to
  just 9% opposed with 36% of supportive respondents citing economic
  reasons and 34% citing job creation as reasons for their support;
  
• 
  58% of respondents believe that the mining industry generates the most
  public funds for state and local governments; and
  
• 
  61% of respondents believe mining is the most important industry
  within their community, followed by agriculture at 16%.
  

Support / Opposition to the Mt. Hope project:

• 
  83% of respondents are supportive of the Mt. Hope project with
  supporters citing the addition of new, high-paying jobs, more tax
  revenues for local governments, and increased revenue for local
  businesses as reasons for their support;
  
• 
  82% of respondents feel that Eureka County should work cooperatively
  with General Moly to open the Mt. Hope Mine; and
  
• 
  64% of respondents that were familiar with the Mt. Hope project had a
  positive impression of General Moly.
  

Water Usage

• 
  Only 32% of respondents believe that the Mt. Hope mine′s water use
  will negatively impact agricultural growers in the Diamond valley,
  while 44% felt that Mt. Hope would not and 24% of respondents had no
  opinion.
  

Bruce D. Hansen added, 'We continue to have some perception challenges
with regard to the Mt. Hope project's water use and associated impacts.
The professionally completed hydrology studies prepared by independent
experts and approved by both the Nevada State Engineer's office and the
Bureau of Land Management indicate extremely minimal impact to the
agricultural users of Diamond Valley over the mine's projected 44 year
life. That said, we have and will continue to work on communicating the
Mt. Hope project's anticipated impacts to those with legitimate concerns
and we remain committed to implementing a robust Monitoring, Management,
and Mitigation Plan (3M Plan) in cooperation with Eureka County to
provide further comfort that any future water impacts can be identified
and mitigated.'

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 of
1933, 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

info@generalmoly.com

http://www.generalmoly.com