General Metals Raises $473,000 via Private Placement

RENO, NV, May 27 (MARKET WIRE) --
General Metals Corporation (the "Company") (OTCBB: GNMT) (FRANKFURT: GMQ)
raised $473,000 in cash, settlement of management salaries and services
from a recent private placement of 24,300,000 restricted common shares.
7,400,000 shares were issued @ $0.025/share to settle $185,000 owed to
management for 2008 through April 30, 2009, 2,350,000 shares were issued
for services @ $0.025 and 14,550,000 shares were issued @ $0.016 for
$231,000 in cash. The placement will be fully detailed in an 8-K filing
to follow. The securities offered in the private placement to the
investors were not registered under the Securities Act of 1933 as amended
(the "Act"), and may not be offered or sold in the United States absent
registration, or an applicable exemption from registration, under the Act.

Use of proceeds will be used to retire Company debt obligations to
Management, pay for essential services, pay outstanding payables incurred
for drilling and permitting and to further advance permitting and
metallurgical work in the ramp up for production.

In addition, a further $129,750 of cash has been committed but has not yet
been received. Further details will be available as received.

This funding demonstrates the confidence of Management and our
shareholders and their commitment to advance the Independence Project.
The shares issued are deemed closely held, with finance proceeds coming
from Management and existing long term shareholders.

"Every time we get the opportunity to share our enthusiasm and commitment
to this project with others including those that have not heard of it
before, we find new friends and supporters," said Dan Forbush, Company
CFO. "It is very enjoyable to share our vision with others and see them
catch it as well. This is a great property on which to build a company."

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 the proceeds from the recent
private placement will allow the Company to proceed with permitting or
advance production timing may not occur.

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 the 2008 fiscal year, our quarterly
reports on Form 10-QSB and other periodic reports filed from time-to-time
with the Securities and Exchange Commission.

Contact:
Wayne Meyerson
Investor Relations
General Metals Corporation
615 Sierra Rose Dr. Suite 1
Reno, NV 89511
wayne@gnmtlive.com
775.583.4636 office
775.830.6429 cell

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