SOURCE: General Metals Corporation

January 14, 2008 08:06 ET

General Metals: Phase 1 Drilling Program Identifies Significant New Mineralized Material, Expanding Estimates for Independence Shallow Target in Preparation for 2008 Production

RENO, NV--(Marketwire - January 14, 2008) - General Metals Corporation (the "Company") (OTCBB: GNMT) (FRANKFURT: GMQ) is pleased to provide the following update on its exploration results from 2007 and production plans for the Independence Mine for 2008. With Gold and Silver at new highs, the Company's efforts to further the monetization process thru pre-feasibility and permitting activities are underway.

The combined results of the Company's 2007 Stage 1 of its Phase I drilling program received to date show the Independence Shallow Target Zone is a highly mineralized, thoroughly oxidized zone with excellent continuity along strike and down dip. Mineralization remains open both along strike and down dip. These results support Management's opinion that the Independence Shallow Target represents a shallow near surface target that may be amenable to low cost bulk mining and treatment techniques such as open pit mining and heap leaching.

We are currently reporting on the 32 holes (10,475') recently drilled in and around the Independence underground workings.(See Attached Map) These holes started some 500' south of the workings and encountered new mineralization. As drilling followed North, additional new mineralized material was discovered and reported. Holes 1-12 have now been reported and the sections presented with the drill results are all available for review on the Company's website, www.gnmtlive.com These results include mineralized widths of from 45' up to 120' from the surface to depths of 300' with average grades of .02-.04+ ounces per ton of gold equivalent. All holes are open at depth. Further drill results will be reported once received and interpreted.

A member of the Company's Advisory Board and a consultant on the Independence Drilling Program, Robert Carrington, P.Geol., states that, "With all the time I have spent on this property over the last 30 years, it is gratifying to see these drill results coming back even better than I expected."

Drilling will continue in 2008 with additional holes in the 2007 drill area south of the Canyon Fault to enable a 43-101 compliant report and an area north of the Canyon Fault where historical drill results suggest additional mineralization. This area alone could double the target estimates for the shallow mining operation and add an additional 2000' of mineralized material. There are four additional target areas on the property that will systematically be explored this year (targets discussed in January 10th 2008 Press release).

Near Term Production - Independence Shallow Target Area

Production preparation is targeted to begin in mid 2008 with the focus on the Independence Shallow Target and its extensions being developed as a result of the drilling program. As the mineralization expands, so does the proposed mining operation size. Two cites are being evaluated at this time, both could accommodate the size of the shallow heap leach operation as well as any proposed deep mining processing should that prove feasible in the future. The Independence Shallow Target has been historically estimated to contain 235,000 ounces of gold and 2,500,000 ounces of silver. These figures have been expanded by recent drilling. The Independence Deep Target is estimated to contain 1.4 million to 2 million ounces of gold, based on 25,000' of diamond drilling by Noranda Exploration and additional holes drilled by Great Basin Resources. Superior infrastructure exists at The Independence, situated adjacent to the Giant Phoenix Gold/Copper Project in Battle Mountain, NV. These favorable conditions should enable the most reasonable capital expenditures during mine development.

About General Metals Corporation: The Company controls 100% of the strategically situated Independence property located in the prolific Battle Mountain Mining District on the Battle Mountain -- Eureka gold trend, in Humboldt County, Nevada. The current drilling program is designed to confirm early estimates of mineralized material thought to contain 235,000 oz. gold and 2,500,000 oz. silver and to expand the mineralized envelope which enhances near term production numbers. The Company also owns 150 sq. km. of mining concessions for gold, diamonds and base metals in Ghana, West Africa and plans to commence exploration activities this year.

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 Phase 1 drilling at its Independence Mine in Nevada or any shallow mining production later this year, the budget for the Phase 1 drilling program, that an estimated 235,000 ounces of gold and 2,500,000 ounces of 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 2004 fiscal year, our quarterly reports on Form 10-QSB and other periodic reports filed from time-to-time with the Securities and Exchange Commission.

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