SOURCE: Stock Market Alerts

April 30, 2007 09:55 ET

Stock Alert for GNLM! April 30, 2007

NOTE TO EDITORS: The Following Is an Investment Opinion Being Issued by Stock Market Alerts.

MIAMI, FL--(Marketwire - April 30, 2007) - Stock Market Alerts' performance stock list includes: General Metals Corporation (OTCBB: GNLM), Yamana Gold Inc. (NYSE: AUY), Northgate Minerals Corporation (AMEX: NXG), Crystallex International Corporation (AMEX: KRY).

General Metals Corporation (OTCBB: GNLM) is a great stock to put on your radar and watch as Stock Market Alerts initiates coverage of the company. The company, which controls 100% of The Independence Mine (predominately a silver mine) located in the Battle Mountain Gold District of Northern Nevada, has issued multiple press releases lately.

On Thursday, the company announced that it has been rated "Speculative Buy" with a target price of $2.20 by Beacon Equity Senior Research Analyst, Lisa Springer, CFA.

Friday after the stock markets closed, the company issued a press release announcing that announces that it's Board of Directors has resolved to forward split its common shares on an 11 for 10 basis. This is being done to provide a benefit to our existing shareholders, who have financed us for a number of years, as we enter into the Institutional financing Phase for our Company.

Great news for GNLM investors! According to the Beacon Equity Research report:

--  The company recently acquired 100% control of the Wilson-Independence
    mine, located in the gold belt region of northern Nevada. The Company has
    rights to 14 mining claims spread across a 240 acres property.
--  General Metals believes there is potential to develop a gold resource
    of 235,000 ounces from its shallow targets and 1.5 million ounces from its
    deep target.
--  At $640 per ounce gold prices, the value of the shallow target gold
    production would exceed $150 million and the value of potential production
    from the deep target could exceed $960 million.
This is certainly another company for investors to watch closely! In Friday's press release announcing the forward split, it was stated that a new cusip number and trading symbol will be announced once the transaction is effective. The net effect is that each shareholder of record on the effective date will tender their shares for exchange for a 10% increase in new shares.

The Company has just completed a small Private Placement, announced on April 23, 2007, the proceeds of which will enable the Company to commence the first portion of its Phase 1 drilling program on the Independence Shallow Target at its Independence Mine in Battle Mountain, Nevada. Phase 1 budget is $1,350,000 and the Target for Phase 1 is 235,000 oz. gold and 2,500,000 oz. silver which is proposed to be mined and loaded onto a cyanide heap leach to be developed by the Company later this year.

The Company's CFO Dan Forbush said: "Our strategy is to take our financing in small manageable amounts which enable the completion of a complete phase in a selected area. We are now in a period that should enable larger financings so we may grow the Company much quicker. We have drilling, permitting and production to be financed, and we are now ready to tackle those tasks during this spring and summer. We built Glamis Gold from a single small gold mining project to a large multi-project operation while I was there and we are committed to do the same at General Metals."

Watch this one closely. General Metals Corporation controls 100% of the Independence claims, which are completely surrounded by Newmont Mining's Phoenix Mine and is a 240-acre island with legal access. Newmont enjoys 8.5 million ounces of gold and 660 million pounds of copper in reserves with substantial additional mineralized material, which is target to be upgraded. The Phoenix Mine is the largest operating gold mine in the US.

Before the latest news was released, the stock closed Friday at Twenty Two cents a share.

For Stock Market Alert's in-depth profile of General Metals Corporation, visit

Other Stocks of interest yesterday were:

Yamana Gold Inc. (NYSE: AUY) up 1.5% on 4.1 million shares traded. Yamana is a Canadian gold producer with significant gold production, gold development stage properties, exploration properties, and land positions in Brazil, Argentina and Central America.

Northgate Minerals Corporation (AMEX: NXG) up 2.1% on 1.9 million shares traded. Northgate Minerals Corporation is a gold and copper mining company focused on operations and opportunities in the Americas.

Crystallex International Corporation (AMEX: KRY) up 3.1% on 2.9 million shares traded. Crystallex International Corporation is a Canadian based gold producer with significant operations and exploration properties in Venezuela.

The advertisement is provided by Wall Street Enews, a division of Stock Market Alerts LLC, an electronic broadcaster and publisher of this release, and hereafter referred to as "the company." The company received compensation for services performed for General Metals Corporation (OTCBB: GNLM). The compensation was fifteen thousand dollars in 2007 from third party, Onyx Consulting Group LLC, who is non-affiliated and may hold a significant position in the stock. Because the company received compensation for its services, there is an inherent conflict of interest in the company statements and opinions and such statements and opinions cannot be considered independent.

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