Mr. Seth Foreman reports

GENERAL MOLY PLACES HAUL TRUCK FLEET ORDER WITH CATERPILLAR

General Moly Inc.'s 80-per-cent-owned subsidiary has placed orders for 18 Caterpillar 793 haul trucks (250 tons of payload capacity each) through Caterpillar's Nevada-based dealer, Cashman Equipment Company. All 18 trucks will be delivered to and commissioned at the Mount Hope site beginning in late 2013 and early 2014 to complete mine preoperation development. The total value of the Caterpillar order, including support equipment, is anticipated to be approximately $75-million.

The Caterpillar haul truck order was originally placed in 2008 and contained price escalators. The total cost of the Caterpillar mobile fleet has been managed to a 5-per-cent increase from the 2008 budget, including escalation, offset by an optimized and partially used support equipment fleet.

Following this order, the company has firm commitments not subject to escalation exposure for approximately $150-million in capital equipment, representing approximately 40 per cent of the equipment budget for Mount Hope.

We seek Safe Harbor.