General Moly Reported Strong Support at Public Hearings 

LAKEWOOD, CO - General Moly, Inc. reported that the communities in Eureka County, Nevada voiced strong support for the Mt. Hope project at two public hearings, hosted by the Bureau of Land Management (BLM) in Eureka and Crescent Valley, Nevada.

As part of the Mt. Hope project's ongoing Draft Environmental Impact Statement (the "DEIS") public comment period, the BLM hosted two public comment hearings to allow members of the Eureka community to learn about the DEIS and to submit comments to the BLM to be incorporated into the Final Environmental Impact Statement. Both meetings were extremely well attended, with over 100 attendees at the January 18th hearing in Eureka and 75 attendees at the January 19th hearing in Crescent Valley. Comments submitted were overwhelmingly positive, with particularly strong support voiced from the local business community and local residents.

Bruce D. Hansen, Chief Executive Officer, said, "I was very proud to hear community leaders from Eureka stand up in support of the Mt. Hope project. Their support is a testament to the hard work of our team in Nevada and our commitment to mining done right within the Eureka community. Importantly, no new issues were raised during the public hearings and we continue to believe that the BLM has a very robust and defensible DEIS. We look forward to the conclusion of the public comment period on March 1, the completion of the Final EIS in the third quarter, and hopefully initiating construction activities before the end of the year."

Hansen said, 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.

The company's address is 1726 Cole Blvd., Suite 115, Lakewood, CO 80401, (303) 928-8599, email: [email protected].