SOURCE: General Metals Corporation

September 14, 2010 09:30 ET

General Metals Reports Independence Technical Report Accepted For Review

RENO, NV--(Marketwire - September 14, 2010) -  General Metals Corporation (the "Company") (OTCBB: GNMT) (FRANKFURT: GMQ) is pleased to announce it has submitted the full text of its recently completed Independent Technical Report for review with regulators of the Toronto Stock Exchange (TSX) as required under Canadian National Instrument 43-101 (NI 43-101). Once the review process is complete and the report has been accepted for filing by the TSX as a fully compliant 43-101 Technical Report, the Company will make the report available on its web site and by links to the report on the TSX website. The completion and submission of the Technical Report for review under NI 43-101 is an important step in new management's program to build shareholder value, secure a Canadian listing and finance production at the Independence property.

The last 44 drill holes in the Hill Zone were not completed in time to be included in this report. These results are being modeled by the Company and will be announced as available.

Further information is available on the Company's website www.generalmetalscorporation.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 and developing its 100% controlled Independence property strategically located in the prolific and highly prospective Battle Mountain Mining District of Nevada.

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.

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 most recent 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