SOURCE: General Metals Corporation

November 27, 2007 08:08 ET

General Metals Update: Wilson Independence Phase 1 Drilling Encounters High Grade, Near Surface Mineralization

RENO, NV--(Marketwire - November 27, 2007) - General Metals Corporation (the "Company") (OTCBB: GNMT) (FRANKFURT: GMQ) is pleased to provide the following update and final drill results received from ALS-Chemex, for the initial holes in its ongoing Phase 1 drill program at the Wilson Independence Property, Battle Mountain Mining District of Nevada. Management is very encouraged by the high grade, oxidized, near surface nature of this mineralization which remains open on strike and to depth.

The Company has now received final gold and silver results for holes GM-1, 2, 3 and 5, drilled to test for gold-silver mineralization along the projected southern extension of the Independence fault zone. Partial results for these holes were announced in the Company's Press Release of October 25, 2007. This release discusses these recently received analyses for silver in conjunction with the previously announced gold results and related geochemistry.

Holes 1, 2, 3 and 5 form a "fence" of drill holes along Section 1600 N. The holes drill tested the projected extension of mineralization southerly beyond the Wilson Independence Mine in an area of favorable geology. As may be seen on the attached cross-section, all holes encountered mineralization over drill intercepts ranging from 30 to 55 feet. The drilling indicates mineralization from the surface which remains open at depth and along strike to the North and South. To date, the initial 25 holes have been completed. Final assays only will be reported in future releases. Management has recently streamlined the assay procedures with ALS Chemex and looks forward to more final assay results every couple of weeks for the balance of the holes.

The following Table presents the salient drill data from the holes discussed in this press release.

Drill Hole               Mineralized Intercepts             Gold Equivalent
            From   To   Intercept Gold  Gold Silver Silver oz/t Au  g/t Au
          (feet) (feet)  (feet)   oz/t g/ton  oz/t  g/ton  Equiv @  Equiv @
                                                            $15 Ag   $15 Ag
                                                           $800 Au  $800 Au
GM-1        50     95       45  0.046  1.431  1.38  42.92    0.072    2.236
GM-2       165    195       30  0.012  0.373  1.37  42.61    0.038    1.172
GM-3       155    210       55  0.015  0.467  1.03  32.04    0.034    1.067
GM-5       150    205       55  0.032  0.995  1.58  49.27    0.062    1.919
Including  160    175       15  0.070  2.177  2.89  89.89    0.124    3.863
GM-6                                    PENDING

Note: All notations of "t" and "ton" refer to a US "short" ton weighing 2,000 pounds. All gold equivalent is calculated at a gold price of $800 (US) and a silver price of $15 per ounce, and does not consider variations which may exist in metallurgical recovery.

The Wilson Independence gold-silver mineralization is localized along the Independence fault zone, within receptive sedimentary units. Movement along the Independence fault resulted in widespread fracturing of the favorable units enhancing permeability and resulting in broad, laterally extensive stock work style mineralization. Known mineralization forms a north-south trending, westerly dipping zone which is sub-parallel to bedding in silicified cherty sediments.

Elevated gold and silver mineralization is associated with stock work zones and areas of intense (gossanous) iron oxides and silica solution cavities within dilatent structural zones. Geochemically gold and silver are spatially associated with classic precious metal "path finder" elements including arsenic and antimony. The gold and silver mineralization at Wilson-Independence is also spatially associated with highly anomalous bismuth. The presence of bismuth in the trace element suite is widely considered to indicate a genetic relationship to porphyry and skarn related systems that are capable of forming large gold-silver deposits. The Fortitude gold skarn, situated 4,000 feet north of the Independence produced 2.2 million ounces of gold, the giant Phoenix project, situated to the east and adjacent to the Independence is the largest operating gold mine in the US, and the Cove-McCoy deposit, another gold skarn located south of the Independence Mine has produced 4.4 million ounces of gold. Proximity and geological similarities with these properties suggest the Wilson Independence property may contain significant potential for large gold or gold/silver deposits.

The presence of coincident gold-silver-bismuth anomalies together with classic epithermal path finder elements such as arsenic and antimony support management's opinion that the near surface mineralization at the Wilson Independence property represents the epithermal expression of a leakage halo associated with, gold skarn style mineralization in the Independence Deep target. The Independence Deep target has an estimated 1-2 million ounces of gold.

These initial drill results support the model of near surface, potentially bulk mineable mineralization in the vicinity of the historic Wilson Independence Mine. The Independence Shallow target potential is estimated at 235,000 ounces of gold and 2,500,000 ounces of silver and target potential in the Independence Deep target is estimated at 1-2 million ounces of gold established through historical drilling and reports.

The Independence Phase 1 Drilling map showing the location of the drill holes in relation to the historical mine workings (mineralized area) and a detailed description of the exploration and production history of the Independence property are available on the Company's web site at

About General Metals Corporation: The Company controls 100% of the 240-acre Independence property located in the southern part of the Battle Mountain Mining District, Humboldt County, Nevada., which is an island in the giant Phoenix Project. 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 2007 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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