Gold Exploration in West Africa

[FL]

NEW: General Metals (OTCBB:GNLM); Ghana Acquisition Update

[ This Pink Sheets penny stock had a 1 for 20 reverse stock split and two name changes from the (irrelevant) Interactive Multimedia Network, Inc. until 3-05, then the (equally irrelevant) RECOV Energy Corp. until 1-06. See http://www.pinksheets.com/quote/company_profile.jsp?symbol=GNLM
Hmmmm........ The below has the usual discussion of Newmont's concessions as opposed to its own. FL ]

2006-06-14 14:28 ET - News Release
RENO, Nev. -- (Business Wire) -- June 14, 2006

General Metals Corporation (OTCBB:GNLM) is pleased to
announce that it has moved from the Confidentiality Agreement stage announced on May 2, 2006, to the acquisition stage on its proposed Ghana, West Africa gold concessions. We received agreements yesterday that are now under review regarding 2 granted tenements in the famous Sunyani Basin comprising approximately 238 sq. Kilometers, located 400Km NW of Accra and located on the Sefwi belt 40Km west of Ahafo(Newmont) www.newmont.com. This property shares a common boundary with Newmont. The transaction would involve the acquisition of 80% of a Ghana licensed corporation who is already set up to conduct mining activities in the country. High grade surface soil samples ranging from 11 grams of gold/ton to 43 grams of gold/ton have been reported.

Newmont's Ahafo land package contains 11 open pit deposits.
Production began in 2004 with gold cash costs in the $200/ounce range. Newmont is currently developing Ghana into its fifth core district and successfully expanded its reserves from 4.9 million equity ounces in 2002 to 16 million equity ounces by the end of 2004 through their exploration program.

Company President and CEO, Steve Parent said, "Our best hedge against changing gold prices is to position our Company where production costs are closer to $200/ ounce. Ghana presents such an opportunity and we certainly are in good Company." He further commented, "We have a similar opportunity in developing the shallow targets at our Independence Mine in Battle Mountain, which is adjacent to Newmont's Phoenix Mine which contains 8.5 million ounces of gold and 660 million pounds of copper. The 235,000 ounces of gold and 2.5 million ounces of silver targeted in the Independence shallow operation should be able to be recovered in the mid $200/ounce range."

Permitting at the Independence Mine in Nevada is ongoing with SRK Consulting of Reno, NV, handling all permitting and environmental issues. Phase 2 drilling of the north target and the Independence Mine target will commence shortly. 4,000 ounces of gold and 250,000 ounces of silver are contained in already mined mineralized material and is awaiting the start of a heap leaching operation.

Notice Regarding Forward Looking Statements [omitted]