SOURCE: General Metals Corporation

August 24, 2007 09:47 ET

General Metals Update: Phase 1 Exploration Drilling Schedule Advances to "First Available" Status With Three Drilling Companies

RENO, NV--(Marketwire - August 24, 2007) - General Metals Corporation (OTCBB: GNMT) (FRANKFURT: GMQ) (the "Company") is pleased to announce that The Company has been placed on "First Available" status with three drilling companies operating in Northern Nevada.

Sam Nunnamaker, P. Geo, in charge of Phase 1 exploration drilling, said: "We are fortunate to have obtained the First Available commitment to a drilling rig and crew from three drilling companies who operate in the Battle Mountain/Elko area of northern Nevada. We should now be able to get started on our Phase 1 program on The Independence Mine. During the past few weeks we have acquired additional claims and we have used this time to add additional drill targets to our program which could add additional mineralized material to our proposed future mining and processing operations."

Company President and CEO, Steve Parent said, "Sam is a great addition to our Company's operations team and through his extensive industry contacts, we have access to these drilling companies on a priority basis. Sam has been involved in drilling operations involving more than $12,000,000 over the past few years and enjoys a strong level of industry cooperation and support. With all required drilling permits in place for Phase 1, drilling should now get underway shortly."

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. 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. Phase 1 shallow drilling is scheduled to commence in a few weeks. We recently executed a Confidentiality agreement with Newmont Mining to consider possible future 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, 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. 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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