GENERAL MOLY, INC.

General Moly, Inc. (AMEX:GMO) , formerly Idaho General Mines, is a U.S.-based molybdenum mineral development, exploration and mining company listed on 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 Hall-Tonopah project which is also located in central Nevada, our goal is to become the largest primary molybdenum producer by the middle of the next decade. For more information on the Company, please visit our website at www.generalmoly.com

Management:
The Company has built an experienced and professional management team. Bruce Hansen was appointed CEO in January of 2007 and Dave Chaput was appointed CFO in April of 2007. Bruce was most recently at Newmont Mining, where he served as the Chief Financial Officer as well as Senior Vice President of Operations Services and Development, focusing on construction of new mines. Dave was most recently the Chief Financial Officer of the Doe Run Company where he held several other finance positions as well. More recently, the Company appointed Andrew Russell to Vice President of Operations, Greg McClain to Vice President of Business Development and Marketing and Robert Pennington to VP of Engineering and Construction. Andrew is primarily focused on Hall-Tonopah development and Mt. Hope Permitting; Greg is responsible for interacting with future customers of the Company; and Robert is responsible for engineering and constructing Mt. Hope.

Mt. Hope: One of the World's Largest Pure Molybdenum Development Projects
The Mt. Hope project is one of the world's largest and highest grade undeveloped molybdenum projects. The deposit contains 1.3 billion pounds of Proven and Probable reserves. A Bankable Feasibility Study was completed on the property in late August, indicating a project Net Present Value (NPV) of $1.75 billion. Permitting at the site is ongoing and the Company expects to receive all permits in mid- 2009, enabling construction to begin. The Company expects production at Mt. Hope to begin in late 2010. Mt. Hope will produce more than 38 million pounds annually over its first five years of operations and has a 44 year mine life. High grades in the early years of production are expected to make Mt. Hope one of the lowest cost producers, enhancing project economics and shareholder returns. Mt. Hope's economics are very sensitive to the molybdenum price, making General Moly one of the best investments to enter the moly market.