News Release

General Moly, Inc. To Trade On Toronto Stock Exchange

February 13, 2008

General Moly, Inc. (the "Company") – An Application has been granted for the original listing in the Mining category of 84,537,770 common shares of the Company, of which 66,376,382 common shares are issued and outstanding, and 18,161,388 common shares are reserved for issuance.

The common shares of the Company will be listed and posted for trading at the opening on Thursday, February 14, 2008.

Stock Symbol: "GMO"
CUSIP: 370373 10 2
Trading Currency: CDN

Designated Market Maker: Canaccord Capital Corporation

Other Markets: The Company’s common shares have been listed on the American Stock Exchange ("AMEX") since August 16, 2006.

Head Office Address: 1726 Cole Blvd.
Suite 115
Lakewood, CO 80401

Head Office Telephone Number: (303) 928-8599

Fax Number: (303) 928-8598

Website: www.generalmoly.com

Investor Relations: Seth Foreman
Tel: (303) 928-8591
Email: sforeman@generalmoly.com

Chief Financial Officer David Allen Chaput

Company Secretary: Michael Kenneth Branstetter

Incorporation: The Company was incorporated under the name "General Mines Corporation" pursuant to the Idaho Business Corporation Act (the "IBCA"). The Company amended its articles of incorporation in 1967 to change its name to "Idaho General Mines, Inc." The Company changed its name to General Moly, Inc. and re-incorporated under the laws of the State of Delaware on October 4, 2007.

Fiscal Year End: December 31

Nature of Business: The Company is a U.S. based molybdenum mineral development and exploration company.

Transfer Agent & Registrar: Equity Transfer & Trust Company at its principal office in Toronto.

Dividends: The Company has never declared or paid any dividends on its common shares and the Company does anticipate paying any dividends on its common shares in the foreseeable future.