SOURCE: General Metals Corporation

June 14, 2007 08:08 ET

General Metals Corporation Executives on Investor Tour in Europe From June 17-26th, 2007 Seeking $10,000,000 in New Equity Financing

RENO, NV--(Marketwire - June 14, 2007) - General Metals Corporation (OTCBB: GNLM) (FRANKFURT: GMQ) (the "Company") confirms that on June 17, 2007, Steve Parent, President, CEO and Dan Forbush, CFO will travel to Europe to initiate the Company's European Investor relations program and will have a series of meetings with financial industry representatives in Munich, Frankfurt, Düsseldorf and Berlin. These meetings will involve: investment bankers, broker-dealers, financial publications, independent financial journalists, research analysts, investment advisors, fund managers, financial communications channels and related organizations.

Following these meetings, we have been invited to be one of the presenting companies at the Sachs Associates 2nd Annual European Investor Metals and Mining Forum on June 22, 2007 at The London Stock Exchange. Our Power Point Presentation will be featured on our website, www.generalmetalscorporation.com after the London event. We present to an invited audience of investment bankers, analysts, institutional investors and select financial media. The Forum is also designed to facilitate one to one meetings for presenting companies to provide maximum exposure for companies seeking to expand an investor base in Europe. We also have meetings scheduled in London where we are presenting an opportunity for European institutional investors to participate in a $10,000,000 equity raise that will be done in three stages over a one year period to fully develop the Independence mine and other properties currently in confidentiality stage.

Company President and CEO, Steve Parent said: "We are committed to enhancing our corporate visibility in Europe and to expanding our corporate image to a broader investor community throughout the EU. We believe that our recent Frankfurt Stock Exchange listing (FRANKFURT: GMQ) and IR initiatives will assure that our compelling story reaches a much larger European Investor audience. Our upcoming 11:10 forward split that is proposed for the record date of June 29, 2007, if ratified at our Annual and Special General Meeting of the same date, will be available for all shareholders of record as of that date. The record date for shareholder voting at the meeting was May 22, 2007."

About General Metals Corporation, Inc.: General Metals is a gold and silver mining Company that operates the Independence Mine in Battle Mountain, NV and has recently acquired 150 sq. km. with a full prospecting license for gold, diamonds and base metals in Ghana, West Africa. The Independence mine is located as an island in Newmont Mining's world class Phoenix mine (www.newmont.com), which is the largest producing gold mine in the US. The Phoenix mine contains 8.5 million ounces of gold and 660 million pounds of copper in reserves. The Independence mine is predominately a silver mine that produced from 1938 through 1987. Historic production by the various operators totaled 750,200 ounces silver and 11,029 ounces gold. The average recovered grade of all recorded production was 0.17 oz. gold and 11.53 ounces of silver per ton. Historical and recent geologist and engineering reports discuss an estimated 235,000 ounces of gold and 2.5 million ounces of silver in the Independence shallow target and from 818,000-2 million ounces of gold in the Independence deep target.

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, any future price of the Company's shares, that an estimated 235,000 ounces of gold and 2,500,000 ounces of silver are contained in the mineralized material in the shallow operation, that the deep target in the southern area of the property could contain mineralized material with 1.4 million ounces of gold at an average grade of 0.17 ounces gold per ton, or 818,000 ounces of gold at a grade of 0.27 ounces gold per ton. It is uncertain whether rthe Company's $10,000,000 equity financing efforts will be successful. 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 fiscal year 2007, 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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