General Metals CFO Reviews Company Progress Towards Production in Wall Street Reporter Interview

Tue Jul 14, 2009 7:48am EDT
 
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  RENO, NV, Jul 14 (MARKET WIRE) -- 
General Metals Corporation (the "Company") (OTCBB: GNMT) (FRANKFURT: GMQ)
announced that Dan Forbush, CFO, was interviewed by Jack Marks of the
Wall Street Reporter. The recent progress of the Company was reviewed
including the following:


1.  The Company's Independence Project has all the elements to be a company
    builder and exhibits many similarities to the Glamis' Picacho Mine
    which was the profitable property that started that company and
    provided the foundation of a very successful mining company which
    eventually resulted in a sale of the Company to Goldcorp for more than
    $50 per share.
2.  The Independence Project includes both a shallow and a deep component.
    The shallow mineralization appears to be amenable to low cost open pit
    mining and heap leaching.
3.  The Company's business plan is to become a mid-tier mining company
    using the Glamis model beginning with the Independence and acquiring
    other projects which will allow it to become a more than 200,000 ounces
    per year gold producer.
4.  We are progressing on the permitting to bring the project into
    production as soon as possible

    
To view the interview in its entirety, please go here
http://tv.wallst.net/3-minute-press/380/1510/GNMT/daniel-forbush/general-metals-
orporation/.
Ask Daniel a question, post a comment on his profile page and visit his
financial social network by going here
http://my.wallst.net/daniel-forbush-gnmt.

    About General Metals Corporation: General Metals Corporation is an
aggressive junior minerals exploration and development company, based in
Reno, Nevada. The Company is actively exploring its 100% controlled
Independence property strategically located in the prolific and highly
prospective Battle Mountain Mining District, Nevada. Permitting and
Engineering for heap leach production is underway at the Independence
Mine. The Company recently entered into an agreement to sell its 150 sq.
km. mining concession for gold, diamonds and base metals in Ghana, West
Africa for $1,000,000 in cash and stock and retains a royalty.

    For a more complete discussion of Company activities at the Independence
Project, please visit the Company's website www.gnmtlive.com

    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 at its
Independence Mine in Nevada or any shallow mining production later this
year, that any estimated ounces of gold or silver are contained in the
mineralized material in the "Shallow Target," and is proposed to be mined
and loaded onto a cyanide heap leach pad, or any future financings that
the Company may enter into.

    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

Copyright 2009, Market Wire, All rights reserved.

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