SOURCE: General Metals Corporation

August 21, 2007 08:36 ET

General Metals Gains Exclusive Opportunity to Review 5 Additional Gold Projects in Addition to the Ophelia Gold Mine in Sonora, Mexico Currently Under Confidentiality

RENO, NV--(Marketwire - August 21, 2007) - General Metals Corporation (OTCBB: GNMT) (FRANKFURT: GMQ) (the "Company") confirms that in addition to The Ophelia Gold Project, announced July 5, 2007, General Metals has obtained the exclusive right to review and conduct due diligence on 5 additional potential gold projects in the general vicinity of the Ophelia Gold Mine in Sonora, Mexico. The Ophelia mine represents another near term production opportunity for about 200,000 ounces of reported gold. There is exploration potential for up to 500,000 ounces of gold according to reports on work conducted by Canadian Companies who conducted substantial drilling in 1997. The work is not yet SEC Industry Guide 7 compliant, but the Company intends to bring it into compliance should we complete this acquisition. The above projects are now all under Confidentiality Agreements.

These 5 additional mines being studied at this time are either small former producers who shipped high grade ore directly to the smelter or properties that have been previously optioned by large US mining companies more than 15 years ago and not yet put into production. In addition to known gold and silver values, a couple of the mines contain significant values of copper, lead and zinc and have potential for large poly-metallic ore bodies. Management is sending an evaluation team to visit and sample all these projects over the next few weeks. Recommendations on further work programs and/or development work will be evaluated and reported as received.

Company COO Dave Salari, P.Eng., said: "I find the region both a safe and easy place to work and there are talented local geologists and laborers that are not so easy to find in the US and Canada these days. Our plan will be to try to grow this opportunity to an aggregate operating potential in the million ounce of gold range this year through additional acquisitions and exploration. The target here is an open pit operation with low stripping ratio. Reported grades are in the 2+grams/ton range and amenable to heap leaching."

About General Metals Corporation, Inc.: General Metals is a gold and silver mining Company that operates the Independence Mine in Battle Mountain, NV. The Independence Mine is a island in the largest operating gold mine in the US. 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 (Phase 1) and from 818,000 -2 million ounces of gold in the Independence deep target (Phase 2). The Company recently acquired 150 sq. km. with a full prospecting license for gold, diamonds and base metals in Ghana, West Africa. A more detailed discussion is available at www.generalmetalscorporation.com

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 the Company's Confidentiality efforts with Ofelia and the 5 additional mines 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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