General Moly Announces Change to Hanlong Board of Directors Nominee

General Moly, Inc. (the 'Company') (NYSE Amex and TSX: GMO) announced
that Nelson Chen, Chief Operating Officer of Hanlong Mining Pty Ltd.,
will replace Steven Xiao, Managing Director of Hanlong Mining Investment
Pty Ltd., as Hanlong (USA) Mining Investment's designee to the General
Moly Board of Directors, pursuant to the Hanlong transaction announced
in March 2010. Mr. Chen will serve on the Technical committee.

Nelson has served as Chief Operating Officer of Hanlong (Australia)
Resources Pty Ltd since March 2010. Mr. Chen has served as a director of
Hanlong (Australia) Resources Pty Ltd since June 2010 and has served on
the board of Moly Mines Limited as an alternate director to the
principal of Hanlong Group since April 2010. He also represents Hanlong
on the Eureka Moly Management Committee of General Moly. Prior to
joining Hanlong, Mr. Chen was an Associate Director at the Sydney,
Australia office of PricewaterhouseCoopers ('PwC?). Mr. Chen has 11
years of audit and M&A transaction advisory experience with PwC. He was
involved in a large number of financial due diligence and acquisition
advisory transactions with a focus on leading engagements servicing
Chinese clients. He has extensive experience in many industries
including mining, manufacturing, consumer products, financial services,
real estate.

Bruce D. Hansen said, 'I am pleased to welcome Nelson to our Board as a
Director. Nelson has been one of the key Hanlong personnel with whom we
have worked with since announcing the Hanlong transaction in March 2010
and he is extremely knowledgeable of our business and our financing
transaction.?

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.

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