SOURCE: General Metals Corporation

June 24, 2009 07:38 ET

General Metals Completes Baseline Environmental Surveys Required for the Permitting of the Independence Project

RENO, NV--(Marketwire - June 24, 2009) - General Metals Corporation (the "Company") (OTCBB: GNMT) (FRANKFURT: GMQ) completed the baseline environmental surveys recently. These surveys are part of the aggressive permitting and engineering program undertaken by the Company to move the Independence project toward production as rapidly as possible.

In addition, the Company has filed the necessary documentation and applications with the Nevada Department of Water Resources preliminary to obtaining water rights allocations for the unpatented claims of the Independence Project and the 480 acre parcel the Company recently acquired for the processing facilities as disclosed in the Company's press release dated April 28, 2009.

"We are making significant progress toward near term production at the Independence project. Numerous additional tasks are in process bringing us ever closer to completing the lengthy permitting process," remarked Steve Parent, Company President and CEO.

Dan Forbush, Company CFO, added, "We greatly appreciate the support of our shareholder family which played a significant role in allowing us to engage in the aggressive permitting program we commenced. Your continued support will result in successful completion of this process."

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.

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 Information

  • 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