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Press release from Business Wire

General Moly Announces Change to Hanlong Board of Directors Nominee

Wednesday, September 14, 2011

General Moly Announces Change to Hanlong Board of Directors Nominee17:06 EDT Wednesday, September 14, 2011 LAKEWOOD, Colo. (Business Wire) -- 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 MolyInvestors and Business Development:Seth Foreman, 303-928-8591sforeman@generalmoly.comorMedia:Zach Spencer, 775-748-6059zspencer@generalmoly.comorWebsite: http://www.generalmoly.cominfo@generalmoly.com