General Metals Corporation Clarifies Recently Published Financials

Feb 02, 2006, 00:00 ET from General Metals Corporation

    JERSEY CITY, N.J., Feb. 2 /PRNewswire-FirstCall/ -- General Metals
 Corporation ("GNLM" or the "Company") (OTC Bulletin Board:   GNLM) announced
 that it has come to the Company's attention that outdated and potentially
 misleading information is being published and circulated by sources other than
 the Company and without the Company's knowledge or authorization through
 various Internet portals and email investment newsletters.  The Company
 believes that this information is being posted and published by potential
 short-sellers in the Company's stock in an effort to sully the markets
 perception of the Company and its potential in light of its recent acquisition
 of General Gold Corporation and achieving recent highs in the market.
     Recently, outdated financial information has been published that
 accurately depicts the financial state of the Company while it was a shell
 company but not as it is currently with its recent acquisition.  An 8-k
 containing the proforma financial position of the Company post-closing will be
 forthcoming once certain standard closing conditions are met with General
 Gold.  Interested parties should review General Gold's financials and history
 at Additionally, interested parties should review the
 Company's filings on the SEC's EDGAR website ( to review all of
 the Company's filings, including the Forms 4 and 5 which show 6,100,000 shares
 being returned to treasury in September of 2005 as filed by management to gain
 an accurate picture as to their respective stock holdings.
     Safe Harbor Disclosure -- This Press Release contains or incorporates by
 reference "forward-looking statements," including certain information with
 respect to plans and strategies of and General Metals Corporation. For this
 purpose, any statements contained herein or incorporated herein by reference
 that are not statements of historical fact may be deemed to be forward-looking
 statements. Without limiting the forgoing, the words "anticipate(s),"
 "believe(s)," "expect(s)," "intend(s)," "plan(s)," "potential(ly)" and similar
 expressions are intended to identify forward- looking statements. There are a
 number of important factors that could cause actual events or actual results
 of GNLM to differ materially from those indicated by such forward-looking

SOURCE General Metals Corporation