General Moly, Inc. is commencing an initial exploration drilling program in the next few weeks focused on the previously identified copper-silver-zinc-mineralized skarns, immediately adjacent to the Mt. Hope molybdenum ("moly") deposit in central Nevada. The 10-hole drilling program is designed to confirm and extend the high-grade copper-silver target defined by historical drilling and to test for extensions of horizons of zinc mineralization. The Cu-Ag Target lies below the zinc mineralized horizons, which had been historically mined. This $0.8 million first phase drill program is expected to take approximately two months with drill assay results expected in the fall 2018. The aggregate footage of the planned 10 holes is estimated at 9,400 feet. Planned intercepts are at least 100 feet of spacing at the targeted depth.