SOURCE: General Metals Corporation

August 05, 2009 07:38 ET

General Metals Announces Appointment of Henry S. Brock to the Company's Advisory Board

RENO, NV--(Marketwire - August 5, 2009) - General Metals (OTCBB: GNMT) (FRANKFURT: GMQ) announced today Henry S. Brock, CPA, MBA, CLU, ChFC was recently appointed to the Company's Advisory Board and as Vice President of the Company.

Hank built Brock and Associates, Inc., one of the country's largest independent fee-based financial planning and small-business consulting firms, with headquarters in Salt Lake City, Utah, selling most of the assets in the fifty-person firm in 1997, maintaining Brock and Associates, LLC. The firm has established an outstanding track record with clients ranging from successful business owners of public and private companies to professionals such as physicians, Certified Public Accountants and attorneys. Throughout that period, and especially since 2003, the firm has served the specialized needs of retirees and works with strategies applicable to clients that hold from $1.5-50M in total assets.

Money Magazine (Fall, 1987) named Hank as one of America's top financial planners, as selected by his peers (his competitors). Hank's book, "Your Complete Guide to Money Happiness," a 554-page hardback, includes testimonials from John Templeton, Bill Marriott, and 11 other CEOs of Fortune 500 companies, as well as U.S. Senators, and other investment experts. Amazon.com has given the book its highest five-star rating. Hank has been a guest on CBS, NBC, ABC, CNN, Fox ("The Bill O'Reilly Factor"), and Bloomberg, as well as dozens of other radio and TV programs.

Hank received a B.S. degree in Accounting from Brigham Young University with a minor in Economics. He received a Masters degree in Business Administration (MBA) with an emphasis on investment analysis and taxation from the University of Utah, where he additionally completed a year of Ph.D. studies in Finance. He regularly attends numerous advanced-level courses and conferences throughout the country dealing with special issues facing seniors and business-owners, such as investments, taxation, estate planning, charitable giving, and retirement planning.

"General Metals is an exciting company," Hank remarked. "It is one of the few stocks I have recommended to my clients in the current economic environment. With my expectation of the precious metals prices increasing in the future and the review I conducted on the Independence project, I am eager to become a part of the future success of the Company."

Dan Forbush, CFO of the Company, said, "I have just recently gotten to know Hank. He is a quality individual with a significant set of skills to assist the management of the Company to accomplish our targeted goals and objectives. Hank is a man of integrity and uncommon abilities."

"We welcome Hank to the General's family," added Steve Parent, Company President and CEO. "He brings a wealth of knowledge, experience, financial contacts and a loyal following which we anticipate utilizing to help grow the Company into the mid-tier gold and silver producer that we have envisioned from the beginning."

A detailed description of the Company's permitting activities leading to production is available at www.gnmtlive.com

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 sold its 150 sq. km. mining concession for gold, diamonds and base metals in Ghana, West Africa for $1,012,500 in cash and stock and retains a royalty.

Notice Regarding Forward-Looking Statements

This current report 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, including but not limited to, any mineralization, development or exploration of the Independence Mine and the Company's ability to arrange financing on acceptable terms to the Company.

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 and difficulties associated with obtaining financing on acceptable terms. 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 most recent annual report for our last fiscal year, our quarterly reports, and other periodic reports filed from time-to-time with the Securities and Exchange Commission.

Contact Information

  • Contact Info:

    Wayne Meyerson
    Investor Relations
    General Metals Corporation
    wayne@gnmtlive.com
    775.583.4636 office
    775.830.6429 cell