General Moly Announces Bruce D. Hansen to Serve as Chairman of Nevada Mining Association

General Moly, Inc. (the 'Company') (NYSE Amex and TSX: GMO) announced
that Bruce D. Hansen, Chief Executive Officer, has been appointed as
Chairman of the Nevada Mining Association (NVMA) and will serve for a
one-year term expiring September 2012.

Bruce D. Hansen said, 'I am extremely proud to be able to serve as the
new Chairman of the NVMA. Nevada′s rich mining heritage continues to add
value every day, through its contribution in generating new high-paying
jobs, general economic activity, social contributions and taxes, while
doing so in a safe and environmentally responsible manner. While gold
remains the most significant economic contributor, Nevada′s mineral
production is continuing to grow and diversify. General Moly is
developing two large molybdenum projects in Nevada, while other
companies are operating or developing a wide range of projects that
further demonstrate the industrial and strategic value of Nevada′s
mineral endowment, including projects focused on copper, silver,
lithium, vanadium, and construction materials.?

About General Moly

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.

About Nevada Mining Association

The Nevada Mining Association is comprised of operating mining
companies, exploration companies, suppliers of industry equipment, goods
and services, counselors and consultants, and individuals interested in
the well-being of the industry. The Association′s objective is to
maintain a business and operating environment that will encourage
exploration for the development and production of minerals in Nevada
using safe and environmentally conscious methods. For more information,
log on to www.nevadamining.org
or www.nvmineraleducation.org.

General Moly

Investors and Business Development:

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