SOURCE: General Metals Corporation

May 07, 2007 12:52 ET

General Metals Corp Interviewed by Wall Street Reporter

RENO, NV -- (MARKET WIRE) -- May 7, 2007 -- General Metals Corporation (OTCBB: GNLM) (FRANKFURT: GMQ) is pleased to announce that Steve Parent, Company President and CEO, has granted an audio interview today with Wall Street Reporter. It is available on

Mr. Parent comments: "This represents yet another opportunity for our Company to tell our story to the Investment community. We believe we offer investors an uncommon investment opportunity in the mining sector, with our Independence Mine being located as an island inside Newmont mining's Phoenix Mine, which is the largest producing gold mine in the US with 8.5 million ounces of gold and 660 million pounds of copper."

We have also recently received Analyst reports from Tri State Capital, Beacon Equity Research and Onyx Equity Research with BUY recommendations. These reports are available in their entirety on the Company's website under Research reports. Readers are cautioned to note that the Company does not endorse any analyst's views, and that the distribution of any such report should not be viewed as indicating that the Company has agreed with the contents and conclusions in the report.

The Company is in the process of implementing its business plan by initiating its Phase 1 drilling and permitting at its Independence Mine in Nevada. The Independence Mine is predominantly a silver mine that produced intermittently from 1938 - 1987 and reported production of 11,000 ounces of gold and 750,000 ounces of silver.

At current prices of over $680 per ounce gold and $13.50 per ounce silver and with an estimated 235,000 ounces of gold and 2,500,000 ounces of silver contained in the mineralized material in the "Shallow Target," according to Ackright, in his 1997 report, development is now underway. In addition to the shallow target, the "Independence Deep Target," was thought to contain 2,000,000 ounces of gold according to an interoffice memo from Noranda when they completed 25,000 feet of diamond drilling. We have all of the core at the mine which has been re-logged and re-assayed. A full discussion can be reviewed on the Company's website under "Executive Summary and Exploration Plan."

The Company recently acquired 100% ownership of 150 sq. km. of gold, diamond and base metals mining concessions in Ghana, West Africa and recently had our license upgraded to full prospecting status, which enables larger scale explorations operations.

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 Company intends to proceed with drilling and permitting at its Independence Mine in Nevada as well as to pursue its global acquisition and development strategy, that approximately 4,000 ounces of gold and 250,000 ounces of silver are already mined and ready to be loaded on a heap leach pad, that an estimated additional 235,000 ounces of gold and 2,500,000 ounces of silver are contained in the mineralized material in the "Shallow Target," and that, in addition to the shallow target, the "Independence Deep Target" may contain 2,000,000 ounces of gold, the acquisition by the Company in Ghana, West Africa, of approximately 150 square kilometers of authorized mining concessions that may contain in excess of 30 grams per cubic yard of surface mineralized material, and any potential copper prospect acquisitions.

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 2006 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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