General Moly, Inc. to Commence Trading on American Stock Exchange

    LAKEWOOD, COLO., October 9 /CNW/ - General Moly (AMEX:  GMO) announced that
the Company will begin trading on the American Stock Exchange (AMEX) today
under the symbol "GMO".

    Last week, shareholders of Idaho General Mines approved the
reincorporation of the Company from Idaho to Delaware, which became effective
on Monday, October 8, 2007, when Idaho General Mines merged with and into
General Moly.

    Common share certificates that formerly represented shares of Idaho
General common stock will continue to represent the same number of shares of
General Moly common stock and shareholders are not required to obtain new

    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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