Mr. Bruce Hansen reports

GENERAL MOLY APPOINTS ROBERT I. PENNINGTON AS CHIEF OPERATING OFFICER

General Moly Inc. has named Robert Pennington as chief operating officer. Additionally, the company has hired Bernard Pacheco as Mt. Hope project controller and Fred Zumwalt as Mt. Hope mill manager, effective Jan. 1, 2012.

Mr. Pennington joined General Moly in October, 2007, as vice-president of engineering and construction and has overseen Mt. Hope and Liberty permitting and development since that time. Previously, Mr. Pennington served as chief operating officer of M3 Engineering & Technology (M3) in Tucson, Ariz. Mr. Pennington has 33 years of metal mine operations and project management experience, including 24 years in management of mine and plant operations. He previously served as president at the Phelps Dodge Tyrone operations and general manager at Phelps Dodge Morenci. Mr. Pennington's project experience dates back to 1982 with the construction and start-up of the Kennecott Chino concentrator, followed by design, construction and start-up of the Chino SXEW plant, the Phelps Dodge Candelaria operation in Chile, the Piedras Verdes SXEW operation in Mexico and various other projects while working in the role of project manager for M3. Mr. Pennington has extensive experience in base metal operations and design, molybdenum processing, and has a bachelor of science from the New Mexico Institute of Mining and Technology.

Mr. Pacheco has 40 years of industry experience, including the last 24 years with Newmont Mining Corp. in a variety of project controller positions. Most recently, Mr. Pacheco served as project controller at Yanacocha for the $4-billion Minas Conga project in Peru. Additionally, he most recently served as Newmont's global director of project accounting and was a member of the capital effectiveness team. In that role, Mr. Pacheco had final responsibility for closing and reconciling costs for many of Newmont's substantial projects, including the Ahafo gold project (Ghana, 2007), the Phoenix expansion (Nevada, 2006), the Leeville underground development (Nevada, 2008), the Phoenix crushing installation (Nevada, 2008), the TS power plant construction (Nevada, 2009), Hope Bay infrastructure construction (Canada, 2009), Yanacocha gold mill installation (Peru, 2009) and Boddington project construction (Australia). In his role, Mr. Pacheco will report to Lee Shumway, corporate controller and treasurer.

Mr. Zumwalt has 26 years of industry experience including 21 years with Phelps Dodge and Freeport McMoran. Most recently, Mr. Zumwalt served as assistant manager of concentrator operations at Cerro Verde, a large copper and molybdenum mine in Peru, which is currently completing an expansion from 108 kilotonnes per day to 120 kilotonnes per day. In that role, Mr. Zumwalt was responsible for copper and moly production from the concentrator plant. Mr. Zumwalt also served as superintendent of process control at Cerro Verde from 2007 to 2008. Prior to Cerro Verde, Mr. Zumwalt spent eight years as senior metallurgist at the Henderson molybdenum mine in Colorado, where he supervised both the analytical laboratory and packaging departments, overseeing final product shipment globally. Additionally, he participated in Henderson's ISO 2000 program. Mr. Zumwalt also worked on the construction, start-up and operations teams of the Candelaria project in Chile and the Alumbrera project in Argentina. In his role, Mr. Zumwalt will report to Mike Iannacchione, Mt. Hope general manager.

Bruce Hansen, chief executive officer, said: "I would like to congratulate Bob on his promotion to chief operating officer. Bob works extremely hard for this company and will be key to the successful construction and development of Mt. Hope. Additionally, I would like to welcome Bernie and Fred to General Moly. I am excited that the quality of the Mt. Hope project continues to attract some of the most experienced mining professionals from around the globe to join our small, but growing team. Both Bernie's and Fred's substantial industry experience will be invaluable in the construction and ramp-up of the Mt. Hope project."

We seek Safe Harbor.