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Press release from Business Wire

General Moly Appoints Scott Kozak as Director of Investor Relations

Wednesday, August 15, 2012

General Moly Appoints Scott Kozak as Director of Investor Relations08:30 EDT Wednesday, August 15, 2012 LAKEWOOD, Colo. (Business Wire) -- General Moly, Inc. (the "Company") (NYSE MKT: GMO) (TSX: GMO), a U.S.-based molybdenum mineral development, exploration and mining company, announced the appointment of Scott Kozak to the position of Director of Investor Relations. Mr. Kozak will be responsible for overseeing General Moly's investor relations activities, including management of financial communications with investors and financial analysts. He will report to Chief Executive Officer Bruce D. Hansen. "We are pleased to have Scott join the General Moly team," said Bruce D. Hansen, Chief Executive Officer. "Scott has significant financial markets expertise and has worked extensively for a number of mining companies in a consulting capacity. I am confident Scott will be a valuable contributor in advancing General Moly's dialogue with the investment community." Previously, Mr. Kozak was the Manager of Investor Relations for InnerWorkings where he held responsibilities for external and internal communications. From 2004 to 2010, Mr. Kozak worked at FTI Consulting, where he rose to the position of Vice President and specialized in strategic communications consulting for public companies in the metals & mining industry. Prior to that, he held multiple finance roles including financial planning and analysis at RCM Capital Management. Mr. Kozak earned an MS in Communications from Northwestern University, a Certificate in Finance from the University of California, Berkeley, and dual BA degrees in Economics and International Relations from American University in Washington, D.C. General Moly is a U.S.-based molybdenum mineral development, exploration and mining company listed on the NYSE MKT (formerly the NYSE AMEX) 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. 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. General Moly:InvestorsScott Kozak, 303-928-8591skozak@generalmoly.comorMediaZach Spencer, 775-748-6059zspencer@generalmoly.cominfo@generalmoly.comhttp://www.generalmoly.com