RENO, Nev. -- General Metals Corporation (OTCBB:GNMT) (Frankfurt:GMQ) (the "Company") is pleased to announce that Samuel G. Nunnemaker, P.Geo., B.Sc., Consulting Geologist, has joined the Company's technical operations team to lead the data exchange with Newmont Mining and to oversee the Phase 1
Company President and CEO, Steve Parent said, "We are fortunate to have obtained Sam's services at this busy time in the mining industry. Sam is already intimate with our overall data and project and is also familiar with the Data Exchange personnel involved. The introductory data exchange occurred last Thursday and included a tour of the underground workings at the Independence. Sam will also play a lead role on our Ofelia project in Sonora, Mexico as we advance to a Letter of Intent and Agreement in Principle."
With all required drilling permits in place for Phase 1, final selection of drilling rigs and crews are underway and stage 1 of Phase 1 is expected to be complete around August 15, 2007.
About General Metals Corporation, Inc: General Metals is a gold and silver mining Company that operates the Independence Mine in Battle Mountain, NV and has recently acquired 150 sq. km. with a full prospecting license for gold, diamonds and base metals in Ghana, West Africa. The Independence mine is located as an island in Newmont Mining's world class Phoenix mine (www.newmont.com), which is the largest producing gold mine in the US. The Phoenix mine contains 8.5 million ounces of gold and 660 million pounds of copper in reserves. Historical and recent geologist and engineering reports discuss an estimated 235,000 ounces of gold and 2.5 million ounces of silver in the Independence shallow target and from 818,000 -2 million ounces of gold in the Independence deep target. Phase 1 shallow drilling is scheduled to commence in a few weeks. We recently executed a Confidentiality agreement with Newmont Mining to consider possible future operations.
Notice Regarding Forward-Looking Statements
This news release contains "forward-looking statements," as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, that an estimated 235,000 ounces of gold and 2,500,000 ounces of silver are contained in the mineralized material in the shallow operation, that the deep target of the property could contain mineralized material with up to 2 million ounces of gold, the commencement of the Phase 1 drilling program or its completion in August of 2007 and any future acquisitions in Sonora, Mexico. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with mineral exploration. We are not in control of metals prices and these could vary to make development uneconomic. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our annual report on Form 10-KSB for fiscal year 2007, our quarterly reports on Form 10-QSB and other periodic reports filed from time-to-time with the Securities and Exchange Commission.