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Press release from Business Wire

General Moly Appoints Scott Roswell as Corporate Counsel and Vice President of Human Resources

Monday, September 20, 2010

General Moly Appoints Scott Roswell as Corporate Counsel and Vice President of Human Resources16:05 EDT Monday, September 20, 2010 LAKEWOOD, Colo. (Business Wire) -- General Moly (NYSE Amex: GMO)(TSX: GMO) announced that Scott Roswell has been appointed as Corporate Counsel and Vice President of Human Resources. Scott will be replacing Brent Chamberlain in oversight of Human Resources, who plans to retire at the end of the year. Mr. Roswell most recently served as General Counsel and Executive Vice President of Law and Human Resources at Flatiron Financial Services Inc., a Denver-based loan servicing firm. There, he managed a range of Human Resource issues including recruitment, hiring, and benefit program design and implementation. Additionally, Scott managed the legal department and the firm's relationship with outside counsel. Previously, Scott spent ten years serving as in-house Counsel for Qwest and US West, where he practiced in the Risk Management group. Prior to that, Scott was an Associate for the Denver law firm Hall and Evans. Scott has a law degree from the University of Denver and a bachelor's degree in business from the University of Colorado. Bruce D. Hansen, Chief Executive Officer, said, "We are extremely pleased to have Scott join the General Moly team to lead our legal and HR efforts as we build a world-class organization and prepare for staffing and operating the Mt. Hope project. Scott brings a unique blend of legal and human resource experience that will be an asset to our organization moving forward." 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 Forward-Looking Statements Statements herein that are not historical facts are “forward-looking statements” within the meaning of Section 27A of the Securities Act, 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.