Cibolan Gold Corp. (fka CIBG)

[wittke]

General Metals Announces Completion of 11:10 Forward Stock Split
Thursday July 19, 8:06 am ET


RENO, Nev.--(BUSINESS WIRE)--General Metals Corporation (OTCBB:GNLM - News; Frankfurt:GMQ - News; OTCBB:GNMT - News) announces that, pursuant to the approval of the Company's shareholders at an annual general meeting held on June 29, 2007, it has effected, as of July 19, 2007, an eleven (11) for ten (10) forward stock split of its authorized and issued and outstanding shares. As a result, the Company's authorized capital will increase from 200,000,000 shares of common stock with a par value of $0.001 to 220,000,000 shares of common stock with a par value of $0.001.
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The Company's issued and outstanding share capital will increase from 77,445,228 shares of common stock to 85,189,750 shares of common stock.

The forward stock split will become effective with NASDAQ's Over-the-Counter Bulletin Board at the opening for trading on Thursday, July 19, 2007 under the new stock symbol "GNMT." The Company's new CUSIP number is 370304 206.

This forward split is a mandatory split which requires shareholders to tender their existing common shares to receive new common shares in an amount equal to 11 new shares for every 10 existing shares. The Company will send a transmittal letter to shareholders of record with specific detailed instructions of how to proceed to complete the transaction. The cost of the forward split is being born by the Company and therefore all transactions will be treated on an "as is" basis, which means no transfers or changes in registration will be included. Shareholders who have shares in the DTC through their broker will receive their new shares through their facilities and they will communicate directly with the shareholder.

Company President and CEO Steve Parent said: "Over 75% of our shareholders voted in favor of the split at the Annual Meeting and management is pleased that this is now effective. Our intent is to provide a benefit to existing shareholders who have supported the Company for the last several years and to attract new shareholders who wish to participate in our future growth."

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