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General Moly Announces Executive Appointments

Stocks in this article: GMO

General Moly, Inc. (the "Company") (NYSE MKT and TSX: GMO), a U.S.-based molybdenum mineral development, exploration and mining company, announced that Michael A. Iannacchione has been appointed Vice President and General Manager of the Mt. Hope project and Patrick C. Rogers has been appointed Vice President of Permitting & Environmental Compliance. Additionally, Zach M. Spencer has been promoted to Director of External Communications and Randall D. Johnson has joined the Company as Mine Manager of the Mt. Hope project.

"Today's promotions of Mike, Pat and Zach reflect our appreciation for the many contributions they have made to the Company and our confidence in the significant role they will play in the successful development of Mt. Hope," said Bruce D. Hansen, Chief Executive Officer of General Moly. "I would also like to welcome Randy to the team. Randy’s extensive and diverse mining experience will be invaluable for a start-up operation, and we expect him to be a key contributor to Mt. Hope’s success.”

Mr. Hansen continued, "We are moving forward in the permitting process for our Mt. Hope project and continue to expect a receipt of a favorable Record of Decision (RoD) as well as completion of the remaining major Nevada State permits by the end of 2012, and to commence construction shortly thereafter. The appointments announced today reflect the success we’ve had in assembling a world-class team of mining professionals capable of supporting General Moly's next stage of development.”

Mr. Iannacchione joined the Company in May 2011 and has been primarily responsible for building the Mt. Hope operating team, coordinating construction and start-up activities and managing local stakeholder relationships. After construction is complete, he will manage the operation of the Mt. Hope mine. Mr. Iannacchione has more than 29 years of mining experience, predominately in Nevada. This included serving as Operations Manager at Goldcorp's Marigold Mine where he managed operation and maintenance activities targeting a 55 million ton per year production rate. Prior to that, Mr. Iannacchione was Vice President and General Manager at the Round Mountain gold mine, a joint-venture between Barrick Gold Corporation and Kinross Gold Corporation. Mr. Iannacchione earned a BS in Mine Engineering from the University of Nevada, Reno, and is active in the SME.

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