GENERAL MOLY
APPOINTS STEVEN XIAO TO BOARD OF DIRECTORS
, General Moly, Inc. announced that Steven Xiao was appointed to the
Board of Directors. Mr. Xiao, who was designated by Hanlong
(USA) Mining Investment Inc., pursuant to the Hanlong
transaction announced March 4, 2010, will serve on the Finance and Technical
committees.
Mr. Xiao has more than 15
years of experience in finance and investment working for several mining
companies and financial organizations including Golden Cross Resources, China
United Mining Investment Corporation, Apex Wealth Investment Management Limited,
and Pan-China Construction Group Limited. Steven currently serves as
Managing Director of Hanlong Mining Investment Pty
Ltd. Steven also serves as an Executive Director of Moly
Mines, an Australian-based resources company listed on the ASX and TSX.
Steven has a MBA from the University of Texas at Arlington and a PhD from
California Southern University.
Bruce D. Hansen, Chief
Executive Officer, said, "I am very pleased to welcome Steven Xiao to
General Moly as a Director. Steven will make a
great addition to our board and we have maintained an excellent working
relationship with Steven and the rest of the Hanlong
team over the past nine months. With this appointment, our Board will
grow to ten, including seven independent Directors."
* * * *
General Moly
is a U.S.-based molybdenum mineral development, exploration and mining company
listed on the NYSE Amex (formerly 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 Liberty project that is also located in central
Nevada, our goal is to become the largest primary molybdenum producer by the
middle of the decade. For more information on the Company, please visit our
website at http://www.generalmoly.com.
Contact Information
� General Moly:
Investors � Seth
Foreman
(303) 928-8591
sforeman@generalmoly.com
Media � Zach
Spencer
(775)
748-6059
zspencer@generalmoly.com
Website: http://www.generalmoly.com
info@generalmoly.com
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