General Moly Appoints Robert I. Pennington as Vice President Engineering and Construction

    LAKEWOOD, COLO., October 23 /CNW/ - General Moly (AMEX:  GMO) announced the
appointment of Robert I. Pennington as Vice President Engineering and
Construction. Mr. Pennington will be primarily responsible for leading the Mt.
Hope project through engineering, construction and final commissioning. Bob
joins the Company with over 28 years of mine operations and project
experience. He recently served as Chief Operating Officer for M3 Engineering &
Technology and previously held positions as President of the Tyrone Mine in
New Mexico, General Manager at the Morenci mine in Arizona, and Manager of
Project Development Arizona Operations for Phelps Dodge.

    Mr. Pennington has specialized experience in mill design and was
instrumental in the engineering and construction of the Candelaria mine (FMI)
in Chile, similar in many aspects to the Mt. Hope project. Bob's past five
years have been dedicated to EPCM management of mining projects, most recently
completing the SXEW Piedras Verdes (FCC) project in Mexico. Bob holds a
Bachelor of Science degree in engineering from New Mexico Institute of Mining
and Technology.

    Bruce D. Hansen, Chief Executive Officer, said, "We are extremely pleased
to have Bob join our team and to lead the Mt. Hope project engineering and
construction effort. Bob is truly a unique talent and brings a balance of
operations and project development experience as well as demonstrated project
management expertise."

    General Moly, formerly Idaho General Mines, is a U.S.-based molybdenum
mineral development, exploration and mining company listed on the American
Stock Exchange under the symbol GMO. Our primary asset, 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

For further information:

For further information: General Moly, Inc. Investors Seth Foreman,
303-928-8591 or Business Development Greg McClain,

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