----

----

| x | QUARTERLY      REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF      1934 |
|---|---------------------------------------------------------------------------------------------------|
| o | TRANSITION      REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF      1934 |
|---|----------------------------------------------------------------------------------------------|

|   | GENERAL      METALS CORPORATION                             |   |
|--------|-------------------------------------------------------------|--------|
|   | (Exact      name of registrant as specified in its charter) |   |

|   | Delaware                                                            |   | 65-0488983                             |   |
|--------|---------------------------------------------------------------------|--------|----------------------------------------|--------|
|   | (State      or other jurisdiction of incorporation or organization) |   | (IRS      Employer Identification No.) |   |
|   |                                                                |   |                                   |   |
|   | 615      Sierra Rose Drive, Suite 1, Reno NV                        |   | 89511                                  |   |
|   | (Address      of principal executive offices)                       |   | (Zip      Code)                        |   |

|   |                                                                  |   |
|--------|-----------------------------------------------------------------------|--------|
|   | 775.583.4636                                                          |   |
|   | (Registrant’s      telephone number, including area code)  |   |

|   |  N/A                                                                                           |   |
|--------|-----------------------------------------------------------------------------------------------------|--------|
|   |   (Former      name, former address and former fiscal year, if changed since last      report) |   |

| Large      accelerated filer | o | Accelerated      filer                             | o                              |
|------------------------------|---|----------------------------------------------------|--------------------------------|
| Non-accelerated      filer   | o | (Do      not check if a smaller reporting company) | Smaller      reporting company | x |

----

----

----

|                                                                                                        |   | October      31, |       |   | April      30, |   |
|-------------------------------------------------------------------------------------------------------------|--------|------------------|------------|--------|----------------|--------|
|                                                                                                        |   | 2008             |       |   | 2008           |   |
|                                                                                                        |   | (restated)       |       |   | (restated)     |   |
| ASSETS                                                                                                      |   |             |       |   |           |   |
| Current      assets                                                                                         |   |             |       |   |           |   |
|     Cash      and cash equivalents                                                      |   | $                | 106        |   |           | $      | 17,600 |   |
|     Prepaid      expenses (restated)                                                    |   |             | 445,980    |   |           |   | 15,925 |   |
|     Other      receivables (restated)                                                   |   |             | 1,500,000  |   |           |   | - |   |
|     Other      current assets                                                           |   |             | 244        |   |           |   | - |   |
|                                                                                                        |   |             |       |   |           |   |   |   |
|     Total      current assets                                                           |   |             | 1,946,330  |   |           |   | 33,525 |   |
|                                                                                                        |   |             |       |   |           |   |   |   |
| Other      assets                                                                                           |   |             |       |   |           |   |   |   |
|     Mineral      property (restated)                                                    |   |             | 613,941    |   |           |   | 864,869 |   |
|     Investment in general      copper                                                   |   |             | 18,345     |   |           |   | 17,500 |   |
|     Property and equipment,      net                                                    |   |             | 28,949     |   |           |   | 32,164 |   |
|     Other      assets (restated)                                                        |   |             | 17,444     |   |           |   | 17,444 |   |
|                                                                                                        |   |             |       |   |           |   |   |   |
|     Total      other assets                                                             |   |             | 678,679    |   |           |   | 931,977 |   |
|                                                                                                        |   |             |       |   |           |   |   |   |
| Total      assets                                                                                           |   | $                | 2,625,009  |   |           | $      | 965,502 |   |
|                                                                                                        |   |             |       |   |           |   |   |   |
| LIABILITIES AND STOCKHOLDERS'      EQUITY                                                                   |   |             |       |   |           |   |   |   |
| Current      liabilities                                                                                    |   |             |       |   |           |   |   |   |
|     Accounts payable                                                                    |   | $                | 488,792    |   |           | $      | 117,686 |   |
|     Accrued      liabilities                                                            |   |             | 35,448     |   |           |   | - |   |
|     Deferred gain      (restated)                                                       |   |             | -          |   |           |   | - |   |
|     Loans      from related parties                                                     |   |             | 3,000      |   |           |   | - |   |
|                                                                                                        |   |             |       |   |           |   |   |   |
|     Total      current liabilities                                                      |   |             | 527,240    |   |           |   | 117,686 |   |
|                                                                                                        |   |             |       |   |           |   |   |   |
| Total      liabilities                                                                                      |   |             | 527,240    |   |           |   | 117,686 |   |
|                                                                                                        |   |             |       |   |           |   |   |   |
| Stockholders'      equity                                                                                   |   |             |       |   |           |   |   |   |
|     Preferred stock, authorized      50,000,000 shares, par value                       |   |             |       |   |           |   |   |   |
|     $0.001,      zero issued and outstanding                                            |   |             | -          |   |           |   | - |   |
|                                                                                                        |   |             |       |   |           |   |   |   |
|     Common      stock, authorized 220,000,000 shares, par value $0.001, issued      and |   |             |       |   |           |   |   |   |
|     outstanding on October 31, 2008 and      April 30, 2008                             |   |             |       |   |           |   |   |   |
|     is      114,356,494 and 93,901,168 respectively                                     |   |             | 114,282    |   |           |   | 93,902 |   |
|                                                                                                        |   |             |       |   |           |   |   |   |
|     Additional paid-in capital      (restated)                                          |   |             | 6,734,914  |   |           |   | 5,466,530 |   |
|     Subscriptions      (receivable)                                                     |   |             | (43,625    | )      |           |   | (5,500 | ) |
|     Accumulated deficit during      exploration stage (restated)                        |   |             | (4,707,802 | )      |           |   | (4,707,116 | ) |
|                                                                                                        |   |             |       |   |           |   |   |   |
|     Total      stockholders' equity                                                     |   |             | 2,097,769  |   |           |   | 847,816 |   |
|                                                                                                        |   |             |       |   |           |   |   |   |
| Total      liabilities and stockholders' equity                                                             |   | $                | 2,625,009  |   |           | $      | 965,502 |   |

----

|                                                  |   |                                |              |   |                              |    |             |                |   |                             |              |   |                             | March      15, 2006 |             |
|-------------------------------------------------------|--------|-------------------------------------|-------------------|--------|-----------------------------------|---------|------------------|---------------------|--------|----------------------------------|-------------------|--------|----------------------------------|---------------------|------------------|
|                                                  |   |                                |              |   |                              |    |             |                |   |                             |              |   |                             | (Inception)         |             |
|                                                  |   | Three      Months Ended October 31, |              |   | Six      Months Ended October 31, |    |             | to      October 31, |   |
|                                                  |   | 2008                                |              |   | 2007                              |    |             | 2008                |   |                             | 2007              |   |                             | 2008                |             |
|                                                  |   | (restated)                          |              |   | (restated)                        |    |             | (restated)          |   |                             | (restated)        |   |                             | (restated)          |             |
| Revenue                                               |   | $                                   | -                 |   |                              | $       | -                |                |   | $     - |              |   | $     - |                |             | $ | - |   |
|                                                  |   |                                |              |   |                              |    |             |                |   |                             |              |   |                             |                |             |   |   |   |
| Operating      expenses                               |   |                                |              |   |                              |    |             |                |   |                             |              |   |                             |                |             |   |   |   |
| Depreciation      and amortization                    |   |                                | 1,607             |   |                              |    | 1,768            |                |   |                             | 3,216             |   |                             |                | 3,536            |   |   |   | 14,100 |   |
| General      and administrative (restated)            |   |                                | 56,122            |   |                              |    | 6,910            |                |   |                             | 103,132           |   |                             |                | 302,590          |   |   |   | 1,050,011 |   |
| Management      and consulting                        |   |                                | 87,706            |   |                              |    | 83,768           |                |   |                             | 343,673           |   |                             |                | 163,899          |   |   |   | 3,181,947 |   |
| Exploration      and development                      |   |                                | 299,937           |   |                              |    | 224,482          |                |   |                             | 737,775           |   |                             |                | 264,498          |   |   |   | 1,395,950 |   |
| Professional      fees                                |   |                                | 12,545            |   |                              |    | 35,458           |                |   |                             | 49,196            |   |                             |                | 40,458           |   |   |   | 302,724 |   |
|                                                  |   |                                |              |   |                              |    |             |                |   |                             |              |   |                             |                |             |   |   |   |   |   |
| Total      expenses                                   |   |                                | 457,917           |   |                              |    | 352,386          |                |   |                             | 1,236,992         |   |                             |                | 774,981          |   |   |   | 5,944,732 |   |
|                                                  |   |                                |              |   |                              |    |             |                |   |                             |              |   |                             |                |             |   |   |   |   |   |
| (Loss)      from operations                           |   |                                | (457,917          | )      |                              |    | (352,386         | )                   |   |                             | (1,236,992        | )      |                             |                | (774,981         | ) |   |   | (5,944,732 | ) |
|                                                  |   |                                |              |   |                              |    |             |                |   |                             |              |   |                             |                |             |   |   |   |   |   |
| Other      income (Expenses)                          |   |                                |              |   |                              |    |             |                |   |                             |              |   |                             |                |             |   |   |   |   |   |
| Interest      expense                                 |   |                                | (12,766           | )      |                              |    | -                |                |   |                             | (12,766           | )      |                             |                | -                |   |   |   | (14,642 | ) |
| Gain      on sale of fixed assets (restated)          |   |                                | 1,249,072         |   |                              |    | -                |                |   |                             | 1,249,072         |   |                             |                | -                |   |   |   | 1,249,072 |   |
| Easement      income                                  |   |                                | -                 |   |                              |    | -                |                |   |                             | -                 |   |                             |                | -                |   |   |   | 2,500 |   |
| Gain      on forgiveness of debt                      |   |                                | -                 |   |                              |    | -                |                |   |                             | -                 |   |                             |                | -                |   |   |   | - |   |
| Loss      on outstanding warrants (restated)          |   |                                | -                 |   |                              |    | -                |                |   |                             | -                 |   |                             |                | -                |   |   |   | - |   |
|                                                  |   |                                |              |   |                              |    |             |                |   |                             |              |   |                             |                |             |   |   |   |   |   |
| Net      income/(loss) before income taxes (restated) |   |                                | 778,389           |   |                              |    | (352,386         | )                   |   |                             | (686              | )      |                             |                | (774,981         | ) |   |   | (4,707,802 | ) |
|                                                  |   |                                |              |   |                              |    |             |                |   |                             |              |   |                             |                |             |   |   |   |   |   |
| Provision      for income taxes                       |   |                                | -                 |   |                              |    | -                |                |   |                             | -                 |   |                             |                | -                |   |   |   | - |   |
|                                                  |   |                                |              |   |                              |    |             |                |   |                             |              |   |                             |                |             |   |   |   |   |   |
| Net      income/(loss) (restated)                     |   | $                                   | 778,389           |   |                              | $       | (352,386         | )                   |   | $                                | (686              | )      |                             | $                   | (774,981         | ) |   | $ | (4,707,802 | ) |
|                                                  |   |                                |              |   |                              |    |             |                |   |                             |              |   |                             |                |             |   |   |   |   |   |
| Basic      income/(loss) per share (restated)         |   | $                                   | 0.01              |   |                              | $       | (0.00            | )                   |   | $                                | (0.00             | )      |                             | $                   | (0.01            | ) |   |   |   |   |
|                                                  |   |                                |              |   |                              |    |             |                |   |                             |              |   |                             |                |             |   |   |   |   |   |
| Weighted      Average                                 |   |                                |              |   |                              |    |             |                |   |                             |              |   |                             |                |             |   |   |   |   |   |
|    Number      of Shares               |   |                                | 109,525,634       |   |                              |    | 84,808,159       |                |   |                             | 105,607,496       |   |                             |                | 84,808,159       |   |   |   |   |   |
|                                                  |   |                                |              |   |                              |    |             |                |   |                             |              |   |                             |                |             |   |   |   |   |   |
|  Dilutes      income/(loss) per share (restated) |   |  $                             | 0.01         |   |                              |  $ | (0.00            | )              |   |  $                          |  (0.00       | )      |                             |  $             | (0.01            | )  |   |   |   |   |
|                                                  |   |                                |              |   |                              |    |             |                |   |                             |              |   |                             |                |             |   |   |   |   |   |
|  Weighted      Average                           |   |                                | 117,758,313  |   |                              |    | 84,808.159  |                |   |                             | 105,607,496  |   |                             |                | 84,808,159  |   |   |   |   |   |
|          Number of Shares              |   |                                |              |   |                              |    |             |                |   |                             |              |   |                             |                |             |   |   |   |   |   |

----

|                                                  |   |   |                     |        |   |         |    |    |          |   |   |                   |   |   | (Deficit)   |     |   |              |    |
|-------------------------------------------------------|--------|--------|--------------------------|-------------|--------|--------------|---------|---------|---------------|--------|--------|------------------------|--------|--------|-------------|----------|--------|-------------------|---------|
|                                                  |   |   |                     |        |   |         |    |    |          |   |   |                   |   |   | Accumulated |     |   |              |    |
|                                                  |   |   |                     |        |   |         |    |    |          |   |   | Stock                  |   |   | During      |     |   |              |    |
|                                                  |   |   | Common      Stock        |        |   | Paid      in |    |    | Subscriptions |   |   | Exploration      Stage |   |   |        |     |
|                                                  |   |   |  Issued      Shares |        |   | Amount       |    |    | Capital       |   |   | (Receivable)           |   |   | (restated)  |     |   | Total      Equity |    |
|                                                  |   |   |                     |        |   |         |    |    |          |   |   |                   |   |   |        |     |   |              |    |
| Balance,      April 30, 2005                          |   |   |                     | 31,354,400  |   |         | $       | 31,354  |          |   | $      | 450,523                |   |   | $           | (127,500 | )      |              | $       | (208,251 | ) |   | $ | 146,126 |   |
|                                                  |   |   |                     |        |   |         |    |    |          |   |   |                   |   |   |        |     |   |              |    |   |   |   |   |   |   |
| Cash      Received for Subscriptions                  |   |   |                     |        |   |         |    |    |          |   |   |                   |   |   |        |     |   |              |    |   |   |   |   |   |   |
| Receivable                                            |   |   |                     |        |   |         |    |    |          |   |   |                   |   |   |        | 127,500  |   |              |    |   |   |   |   | 127,500 |   |
| Common      Stock Issued for Cash at $0.25            |   |   |                     |        |   |         |    |    |          |   |   |                   |   |   |        |     |   |              |    |   |   |   |   |   |   |
| In      Private Placement                             |   |   |                     | 44,000      |   |         |    | 44      |          |   |   | 4,956                  |   |   |        |     |   |              |    |   |   |   |   | 5,000 |   |
| Common      Stock Issued for Cash at $0.125           |   |   |                     |        |   |         |    |    |          |   |   |                   |   |   |        |     |   |              |    |   |   |   |   |   |   |
| In      Private Placement                             |   |   |                     | 26,400      |   |         |    | 26      |          |   |   | 2,974                  |   |   |        |     |   |              |    |   |   |   |   | 3,000 |   |
| Common      Stock Issued at $0.001 to                 |   |   |                     |        |   |         |    |    |          |   |   |                   |   |   |        |     |   |              |    |   |   |   |   |   |   |
| exercise      lease agreement                         |   |   |                     | 5,500,000   |   |         |    | 5,500   |          |   |   | 530,350                |   |   |        |     |   |              |    |   |   |   |   | 535,850 |   |
| Common      Stock Issued for Cash at $0.125           |   |   |                     |        |   |         |    |    |          |   |   |                   |   |   |        |     |   |              |    |   |   |   |   |   |   |
| In      Private Placement                             |   |   |                     | 2,782,450   |   |         |    | 2,782   |          |   |   | 313,406                |   |   |        |     |   |              |    |   |   |   |   | 316,188 |   |
| Common      Stock Issued in Reorganization (restated) |   |   |                     | 8,436,541   |   |         |    | 8,437   |          |   |   | (787,983               | )      |   |        |     |   |              |    | 208,251 |   |   |   | (571,295 | ) |
| Common      Stock Issued to Convert Debt at           |   |   |                     |        |   |         |    |    |          |   |   |                   |   |   |        |     |   |              |    |   |   |   |   |   |   |
| $0.0185      as Agreed in February 2005 (restated)    |   |   |                     | 22,034,546  |   |         |    | 22,035  |          |   |   | 591,998                |   |   |        |     |   |              |    |   |   |   |   | 614,033 |   |
| Common      Stock Issued as Incentive                 |   |   |                     | 550,000     |   |         |    | 550     |          |   |   | (50                    | )      |   |        |     |   |              |    |   |   |   |   | 500 |   |
| Common      Stock Returned and Cancelled              |   |   |                     | (550,000    | )      |         |    | (550    | )             |   |   | 50                     |   |   |        |     |   |              |    |   |   |   |   | (500 | ) |
| Common      Stock Issued in Exercise of               |   |   |                     |        |   |         |    |    |          |   |   |                   |   |   |        |     |   |              |    |   |   |   |   |   |   |
| Warrants      at $0.25                                |   |   |                     | 702,900     |   |         |    | 703     |          |   |   | 159,047                |   |   |        |     |   |              |    |   |   |   |   | 159,750 |   |
| Net      (Loss)                                       |   |   |                     |        |   |         |    |    |          |   |   |                   |   |   |        |     |   |              |    | (637,068 | ) |   |   | (637,068 | ) |
| Balance,      April 30, 2006 (restated)               |   |   |                     | 70,881,237  |   |         |    | 70,881  |          |   |   | 1,265,271              |   |   |        | -        |   |              |    | (637,068 | ) |   |   | 699,084 |   |
|                                                  |   |   |                     |        |   |         |    |    |          |   |   |                   |   |   |        |     |   |              |    |   |   |   |   |   |   |
| Deposit      received on Private Placement            |   |   |                     |        |   |         |    |    |          |   |   |                   |   |   |        | 76,000   |   |              |    |   |   |   |   | 76,000 |   |
| Common      Stock Issued in Exercise of               |   |   |                     |        |   |         |    |    |          |   |   |                   |   |   |        |     |   |              |    |   |   |   |   |   |   |
| Warrants      at $0.25                                |   |   |                     | 110,000     |   |         |    | 110     |          |   |   | 24,890                 |   |   |        |     |   |              |    |   |   |   |   | 25,000 |   |
| Common      Stock Issued for Cash at $0.125           |   |   |                     |        |   |         |    |    |          |   |   |                   |   |   |        |     |   |              |    |   |   |   |   |   |   |
| In      Private Placement                             |   |   |                     | 440,000     |   |         |    | 440     |          |   |   | 49,560                 |   |   |        | (50,000  | )      |              |    |   |   |   |   | - |   |
| Common      Stock Issued for Service at               |   |   |                     |        |   |         |    |    |          |   |   |                   |   |   |        |     |   |              |    |   |   |   |   |   |   |
| $0.125      per share                                 |   |   |                     | 158,400     |   |         |    | 158     |          |   |   | 17,842                 |   |   |        |     |   |              |    |   |   |   |   | 18,000 |   |
| Common      Stock Issued for Purchase of              |   |   |                     |        |   |         |    |    |          |   |   |                   |   |   |        |     |   |              |    |   |   |   |   |   |   |
| fixed      asset at $0.075                            |   |   |                     | 220,000     |   |         |    | 220     |          |   |   | 14,780                 |   |   |        |     |   |              |    |   |   |   |   | 15,000 |   |
| Common      Stock Issued for Cash at $0.075           |   |   |                     | 164,495     |   |         |    | 164     |          |   |   | 11,052                 |   |   |        |     |   |              |    |   |   |   |   | 11,216 |   |
| Common      Stock Issued for Services at              |   |   |                     |        |   |         |    |    |          |   |   |                   |   |   |        |     |   |              |    |   |   |   |   |   |   |
| $0.075      per share                                 |   |   |                     | 330,000     |   |         |    | 330     |          |   |   | 22,170                 |   |   |        |     |   |              |    |   |   |   |   | 22,500 |   |
| Common      Stock Issued to Convert Debt              |   |   |                     |        |   |         |    |    |          |   |   |                   |   |   |        |     |   |              |    |   |   |   |   |   |   |
| $0.075      per share                                 |   |   |                     | 513,333     |   |         |    | 513     |          |   |   | 34,487                 |   |   |        |     |   |              |    |   |   |   |   | 35,000 |   |
| Common      Stock Issued for Cash at $0.075           |   |   |                     |        |   |         |    |    |          |   |   |                   |   |   |        |     |   |              |    |   |   |   |   |   |   |
| In      Private Placement                             |   |   |                     | 3,770,063   |   |         |    | 3,770   |          |   |   | 253,280                |   |   |        | (163,800 | )      |              |    |   |   |   |   | 93,250 |   |
| Common      Stock Issued for Cash at $0.075           |   |   |                     |        |   |         |    |    |          |   |   |                   |   |   |        |     |   |              |    |   |   |   |   |   |   |
| For      Exploration Rights                           |   |   |                     | 1,100,000   |   |         |    | 1,100   |          |   |   | 249,828                |   |   |        |     |   |              |    |   |   |   |   | 250,928 |   |
| Common      Stock Issued for Cash at $0.075           |   |   |                     |        |   |         |    |    |          |   |   |                   |   |   |        |     |   |              |    |   |   |   |   |   |   |
| For      Employee Incentive                           |   |   |                     | 275,000     |   |         |    | 275     |          |   |   | 18,475                 |   |   |        |     |   |              |    |   |   |   |   | 18,750 |   |
| Common      Stock Issued for Cash at $0.125           |   |   |                     |        |   |         |    |    |          |   |   |                   |   |   |        |     |   |              |    |   |   |   |   |   |   |
| In      Private Placement                             |   |   |                     | 2,332,000   |   |         |    | 2,332   |          |   |   | 262,668                |   |   |        |     |   |              |    |   |   |   |   | 265,000 |   |
| Common      Stock Issued for Cash at $0.125           |   |   |                     |        |   |         |    |    |          |   |   |                   |   |   |        |     |   |              |    |   |   |   |   |   |   |
| In      Private Placement                             |   |   |                     | 363,440     |   |         |    | 363     |          |   |   | 40,937                 |   |   |        | (41,300  | )      |              |    |   |   |   |   | - |   |
| Cash      Received for Subscriptions                  |   |   |                     |        |   |         |    |    |          |   |   |                   |   |   |        |     |   |              |    |   |   |   |   |   |   |
| Receivable                                            |   |   |                     |        |   |         |    |    |          |   |   |                   |   |   |        | 137,800  |   |              |    |   |   |   |   | 137,800 |   |
| Stock-based      compensation expense (restated)      |   |   |                     |        |   |         |    |    |          |   |   | 1,447,734              |   |   |        |     |   |              |    |   |   |   |   | 1,447,734 |   |
| Net      (Loss) (restated)                            |   |   |                     |        |   |         |    |    |          |   |   |                   |   |   |        |     |   |              |    | (2,087,666 | ) |   |   | (2,087,666 | ) |
| Balance,      April 30, 2007 (restated)               |   |   |                     | 80,657,967  |   |         |    | 80,656  |          |   |   | 3,712,974              |   |   |        | (41,300  | )      |              |    | (2,724,734 | ) |   |   | 1,027,596 |   |
|                                                  |   |   |                     |        |   |         |    |    |          |   |   |                   |   |   |        |     |   |              |    |   |   |   |   |   |   |
| Common      Stock issued to convert Debt at           |   |   |                     |        |   |         |    |    |          |   |   |                   |   |   |        |     |   |              |    |   |   |   |   |   |   |
| $0.075      per share                                 |   |   |                     | 513,333     |   |         |    | 513     |          |   |   | 34,487                 |   |   |        |     |   |              |    |   |   |   |   | 35,000 |   |
| Common      Stock Issued for Cash at $0.125           |   |   |                     |        |   |         |    |    |          |   |   |                   |   |   |        |     |   |              |    |   |   |   |   |   |   |
| In      Private Placement                             |   |   |                     | 667,040     |   |         |    | 667     |          |   |   | 75,133                 |   |   |        |     |   |              |    |   |   |   |   | 75,800 |   |
| Common      Stock Issued in Exercise of               |   |   |                     |        |   |         |    |    |          |   |   |                   |   |   |        |     |   |              |    |   |   |   |   |   |   |
| Share      Purchase Warrants at $0.075                |   |   |                     | 2,520,979   |   |         |    | 2,522   |          |   |   | 157,243                |   |   |        |     |   |              |    |   |   |   |   | 159,765 |   |
| Common      Stock Issued in Exercise of               |   |   |                     |        |   |         |    |    |          |   |   |                   |   |   |        |     |   |              |    |   |   |   |   |   |   |
| Share      Purchase Warrants at $0.20                 |   |   |                     | 654,500     |   |         |    | 655     |          |   |   | 118,345                |   |   |        |     |   |              |    |   |   |   |   | 119,000 |   |
| Common      Stock Issued in Exercise of               |   |   |                     |        |   |         |    |    |          |   |   |                   |   |   |        |     |   |              |    |   |   |   |   |   |   |
| Share      Purchase Warrants at $0.125                |   |   |                     | 44,000      |   |         |    | 44      |          |   |   | 4,956                  |   |   |        |     |   |              |    |   |   |   |   | 5,000 |   |
| Common      Stock Issued for purchase of              |   |   |                     |        |   |         |    |    |          |   |   |                   |   |   |        |     |   |              |    |   |   |   |   |   |   |
| asset      at $0.125                                  |   |   |                     | 132,000     |   |         |    | 132     |          |   |   | 14,868                 |   |   |        |     |   |              |    |   |   |   |   | 15,000 |   |
| Common      Stock Issued in Exercise of               |   |   |                     |        |   |         |    |    |          |   |   |                   |   |   |        |     |   |              |    |   |   |   |   |   |   |
| Share      Purchase Warrants at $0.20                 |   |   |                     | 216,000     |   |         |    | 216     |          |   |   | 42,984                 |   |   |        |     |   |              |    |   |   |   |   | 43,200 |   |
| Common      Stock Issued for Cash at $0.125           |   |   |                     |        |   |         |    |    |          |   |   |                   |   |   |        |     |   |              |    |   |   |   |   |   |   |
| In      Private Placement                             |   |   |                     | 52,470      |   |         |    | 53      |          |   |   | 6,506                  |   |   |        |     |   |              |    |   |   |   |   | 6,559 |   |
| Cash      Received for Subscriptions                  |   |   |                     |        |   |         |    |    |          |   |   |                   |   |   |        |     |   |              |    |   |   |   |   |   |   |
| Receivable                                            |   |   |                     |        |   |         |    |    |          |   |   |                   |   |   |        | 50,300   |   |              |    |   |   |   |   | 50,300 |   |
| Common      Stock Issued for Cash at $0.20            |   |   |                     |        |   |         |    |    |          |   |   |                   |   |   |        |     |   |              |    |   |   |   |   |   |   |
| In      Private Placement                             |   |   |                     | 2,503,000   |   |         |    | 2,503   |          |   |   | 484,497                |   |   |        | (160,000 | )      |              |    |   |   |   |   | 327,000 |   |
| Common      Stock Issued in Exercise of               |   |   |                     |        |   |         |    |    |          |   |   |                   |   |   |        |     |   |              |    |   |   |   |   |   |   |
| Share      Purchase Warrants at $0.07                 |   |   |                     | 733,334     |   |         |    | 733     |          |   |   | 49,267                 |   |   |        |     |   |              |    |   |   |   |   | 50,000 |   |
| Common      Stock Issued for Cash at $0.15            |   |   |                     |        |   |         |    |    |          |   |   |                   |   |   |        |     |   |              |    |   |   |   |   |   |   |
| In      Private Placement                             |   |   |                     | 900,000     |   |         |    | 900     |          |   |   | 134,100                |   |   |        | (35,000  | )      |              |    |   |   |   |   | 100,000 |   |
| Cash      Received for Subscriptions                  |   |   |                     |        |   |         |    |    |          |   |   |                   |   |   |        |     |   |              |    |   |   |   |   |   |   |
| Receivable                                            |   |   |                     |        |   |         |    |    |          |   |   |                   |   |   |        | 151,000  |   |              |    |   |   |   |   | 151,000 |   |
| Common      Stock Issued in Exercise of               |   |   |                     |        |   |         |    |    |          |   |   |                   |   |   |        |     |   |              |    |   |   |   |   |   |   |
| Share      Purchase Warrants at $0.068                |   |   |                     | 146,667     |   |         |    | 147     |          |   |   | 9,853                  |   |   |        |     |   |              |    |   |   |   |   | 10,000 |   |
| Common      Stock Issued in Exercise of               |   |   |                     |        |   |         |    |    |          |   |   |                   |   |   |        |     |   |              |    |   |   |   |   |   |   |
| Share      Purchase Warrants at $0.10                 |   |   |                     | 110,000     |   |         |    | 110     |          |   |   | 7,390                  |   |   |        |     |   |              |    |   |   |   |   | 7,500 |   |
| Common      Stock Issued in Exercise of Share         |   |   |                     |        |   |         |    |    |          |   |   |                   |   |   |        |     |   |              |    |   |   |   |   |   |   |
| Purchase      warrants at $0.114                      |   |   |                     | 176,000     |   |         |    | 176     |          |   |   | 19,824                 |   |   |        |     |   |              |    |   |   |   |   | 20,000 |   |
| Common      Stock Issued for services to the          |   |   |                     |        |   |         |    |    |          |   |   |                   |   |   |        |     |   |              |    |   |   |   |   |   |   |
| advisory      board at $0.15                          |   |   |                     | 2,000,000   |   |         |    | 2,000   |          |   |   | 298,000                |   |   |        |     |   |              |    |   |   |   |   | 300,000 |   |
| Common      Stock Issued for Cash at $0.15            |   |   |                     |        |   |         |    |    |          |   |   |                   |   |   |        |     |   |              |    |   |   |   |   |   |   |
| In      Private Placement                             |   |   |                     | 100,000     |   |         |    | 100     |          |   |   | 14,900                 |   |   |        |     |   |              |    |   |   |   |   | 15,000 |   |
| Common      Stock Issued in Exercise of Share         |   |   |                     |        |   |         |    |    |          |   |   |                   |   |   |        |     |   |              |    |   |   |   |   |   |   |
| Purchase      warrants at $0.075                      |   |   |                     | 86,667      |   |         |    | 87      |          |   |   | 8,913                  |   |   |        | (9,000   | )      |              |    |   |   |   |   | - |   |
| Common      Stock Issued in Exercise of Share         |   |   |                     |        |   |         |    |    |          |   |   |                   |   |   |        |     |   |              |    |   |   |   |   |   |   |
| Purchase      warrants at $0.114                      |   |   |                     | 2,200       |   |         |    | 2       |          |   |   | 248                    |   |   |        |     |   |              |    |   |   |   |   | 250 |   |
| Common      Stock Issued for Cash at $0.20            |   |   |                     |        |   |         |    |    |          |   |   |                   |   |   |        |     |   |              |    |   |   |   |   |   |   |
| In      Private Placement                             |   |   |                     | 590,000     |   |         |    | 590     |          |   |   | 58,410                 |   |   |        |     |   |              |    |   |   |   |   | 59,000 |   |
| Common      Shares issued for Cash at $0.15           |   |   |                     |        |   |         |    |    |          |   |   |                   |   |   |        |     |   |              |    |   |   |   |   |   |   |
| In      Private Placement                             |   |   |                     | 44,299      |   |         |    | 44      |          |   |   | 6,601                  |   |   |        |     |   |              |    |   |   |   |   | 6,645 |   |
| Common      Stock Issued in Exercise of               |   |   |                     |        |   |         |    |    |          |   |   |                   |   |   |        |     |   |              |    |   |   |   |   |   |   |
| Share      Purchase warrants at $0.068                |   |   |                     | 146,300     |   |         |    | 147     |          |   |   | 9,853                  |   |   |        |     |   |              |    |   |   |   |   | 10,000 |   |
| Common      Stock Issued for services                 |   |   |                     |        |   |         |    |    |          |   |   |                   |   |   |        |     |   |              |    |   |   |   |   |   |   |
| at      $0.125                                        |   |   |                     | 100,000     |   |         |    | 100     |          |   |   | 12,400                 |   |   |        |     |   |              |    |   |   |   |   | 12,500 |   |
| Common      Stock Issued for Cash at $0.20            |   |   |                     |        |   |         |    |    |          |   |   |                   |   |   |        |     |   |              |    |   |   |   |   |   |   |
| In      Private Placement                             |   |   |                     | 100,000     |   |         |    | 100     |          |   |   | 9,900                  |   |   |        |     |   |              |    |   |   |   |   | 10,000 |   |
| Common      Stock Issued for Cash at $0.05            |   |   |                     |        |   |         |    |    |          |   |   |                   |   |   |        |     |   |              |    |   |   |   |   |   |   |
| In      Private Placement                             |   |   |                     | 400,000     |   |         |    | 400     |          |   |   | 19,600                 |   |   |        |     |   |              |    |   |   |   |   | 20,000 |   |
| Common      Stock Issued in Exercise                  |   |   |                     |        |   |         |    |    |          |   |   |                   |   |   |        |     |   |              |    |   |   |   |   |   |   |
| of      Share Purchase warrants at $0.05              |   |   |                     | 275,000     |   |         |    | 275     |          |   |   | 13,475                 |   |   |        |     |   |              |    |   |   |   |   | 13,750 |   |
| Common      Stock Issued in Exercise of               |   |   |                     |        |   |         |    |    |          |   |   |                   |   |   |        |     |   |              |    |   |   |   |   |   |   |
| Share      Purchase warrants at $0.085                |   |   |                     | 29,412      |   |         |    | 30      |          |   |   | 2,470                  |   |   |        |     |   |              |    |   |   |   |   | 2,500 |   |
| Cash      Received for Subscriptions                  |   |   |                     |        |   |         |    |    |          |   |   |                   |   |   |        |     |   |              |    |   |   |   |   |   |   |
| Receivable                                            |   |   |                     |        |   |         |    |    |          |   |   |                   |   |   |        | 38,500   |   |              |    |   |   |   |   | 38,500 |   |
| Stock-based      compensation expense (restated)      |   |   |                     |        |   |         |    |    |          |   |   | 139,333                |   |   |        |     |   |              |    |   |   |   |   | 139,333 |   |
| Net      (Loss) (restated)                            |   |   |                     |        |   |         |    |    |          |   |   |                   |   |   |        |     |   |              |    | (1,982,382 | ) |   |   | (1,982,382 | ) |
| Balance,      April 30, 2008 (restated)               |   |   |                     | 93,901,168  |   |         |    | 93,902  |          |   |   | 5,466,530              |   |   |        | (5,500   | )      |              |    | (4,707,116 | ) |   |   | 847,816 |   |
|                                                  |   |   |                     |        |   |         |    |    |          |   |   |                   |   |   |        |     |   |              |    |   |   |   |   |   |   |   |
| Common      Stock Issued in Exercise of               |   |   |                     |        |   |         |    |    |          |   |   |                   |   |   |        |     |   |              |    |   |   |   |   |   |   |
| Share      Purchase warrants at $0.085                |   |   |                     | 33,930      |   |         |    | 34      |          |   |   | 2,840                  |   |   |        | (625     | )      |              |    |   |   |   |   | 2,249 |   |
| Common      Stock Issued for Cash at $0.20            |   |   |                     |        |   |         |    |    |          |   |   |                   |   |   |        |     |   |              |    |   |   |   |   |   |   |
| In      Private Placement                             |   |   |                     | 400,000     |   |         |    | 400     |          |   |   | 44,600                 |   |   |        |     |   |              |    |   |   |   |   | 45,000 |   |
| Common      Stock Issued for Cash at $0.10            |   |   |                     |        |   |         |    |    |          |   |   |                   |   |   |        |     |   |              |    |   |   |   |   |   |   |
| In      Private Placement                             |   |   |                     | 12,000      |   |         |    | 12      |          |   |   | 1,188                  |   |   |        |     |   |              |    |   |   |   |   | 1,200 |   |
| Common      Stock Issued for Cash at $0.05            |   |   |                     |        |   |         |    |    |          |   |   |                   |   |   |        |     |   |              |    |   |   |   |   |   |   |
| In      Private Placement                             |   |   |                     | 7,382,000   |   |         |    | 7,382   |          |   |   | 361,718                |   |   |        | (59,000  | )      |              |    |   |   |   |   | 310,100 |   |
| Common      Stock Issued for services                 |   |   |                     |        |   |         |    |    |          |   |   |                   |   |   |        |     |   |              |    |   |   |   |   |   |   |
| at      $0.10                                         |   |   |                     | 150,000     |   |         |    | 150     |          |   |   | 14,850                 |   |   |        |     |   |              |    |   |   |   |   | 15,000 |   |
| Common      Stock Issued for services                 |   |   |                     |        |   |         |    |    |          |   |   |                   |   |   |        |     |   |              |    |   |   |   |   |   |   |
| at      $0.08                                         |   |   |                     | 50,000      |   |         |    | 50      |          |   |   | 3,950                  |   |   |        |     |   |              |    |   |   |   |   | 4,000 |   |
| Common      Stock Issued for services                 |   |   |                     |        |   |         |    |    |          |   |   |                   |   |   |        |     |   |              |    |   |   |   |   |   |   |
| at      $0.05                                         |   |   |                     | 3,100,000   |   |         |    | 3,100   |          |   |   | 151,900                |   |   |        |     |   |              |    |   |   |   |   | 155,000 |   |
| Cash      Received for Subscriptions                  |   |   |                     |        |   |         |    |    |          |   |   |                   |   |   |        |     |   |              |    |   |   |   |   | - |   |
| Receivable                                            |   |   |                     |        |   |         |    |    |          |   |   |                   |   |   |        | 12,500   |   |              |    |   |   |   |   | 12,500 |   |
| Fair      value of warrants issued (restated)         |   |   |                     |        |   |         |    |    |          |   |   | -                      |   |   |        |     |   |              |    |   |   |   |   | - |   |
| Common      Stock Issued for Cash at $0.15            |   |   |                     |        |   |         |    |    |          |   |   |                   |   |   |        |     |   |              |    |   |   |   |   |   |   |
| In      Private Placement                             |   |   |                     | 1,099,000   |   |         |    | 1,024   |          |   |   | 64,126                 |   |   |        |     |   |              |    |   |   |   |   | 65,150 |   |
| Common      Stock Issued for Cash at $0.10            |   |   |                     |        |   |         |    |    |          |   |   |                   |   |   |        |     |   |              |    |   |   |   |   |   |   |
| In      Private Placement                             |   |   |                     | 892,000     |   |         |    | 892     |          |   |   | 43,608                 |   |   |        |     |   |              |    |   |   |   |   | 44,500 |   |
| Common      Stock Issued for services                 |   |   |                     |        |   |         |    |    |          |   |   |                   |   |   |        |     |   |              |    |   |   |   |   |   |   |
| at      $0.10                                         |   |   |                     | 67,000      |   |         |    | 67      |          |   |   | 4,933                  |   |   |        |     |   |              |    |   |   |   |   | 5,000 |   |
| Common      Stock Issued for services                 |   |   |                     |        |   |         |    |    |          |   |   |                   |   |   |        |     |   |              |    |   |   |   |   |   |   |
| at      $0.086                                        |   |   |                     | 2,000,000   |   |         |    | 2,000   |          |   |   | 170,000                |   |   |        |     |   |              |    |   |   |   |   | 172,000 |   |
| Common      Stock Issued for services                 |   |   |                     |        |   |         |    |    |          |   |   |                   |   |   |        |     |   |              |    |   |   |   |   |   |   |
| at      $0.08                                         |   |   |                     | 4,097,000   |   |         |    | 4,097   |          |   |   | 323,663                |   |   |        |     |   |              |    |   |   |   |   | 327,760 |   |
| Common      Stock Issued for services                 |   |   |                     |        |   |         |    |    |          |   |   |                   |   |   |        |     |   |              |    |   |   |   |   |   |   |
| at      $0.075                                        |   |   |                     | 771,000     |   |         |    | 771     |          |   |   | 56,979                 |   |   |        |     |   |              |    |   |   |   |   | 57,750 |   |
| Common      Stock Issued for services                 |   |   |                     |        |   |         |    |    |          |   |   |                   |   |   |        |     |   |              |    |   |   |   |   |   |   |
| at      $0.0575                                       |   |   |                     | 581,396     |   |         |    | 581     |          |   |   | 32,849                 |   |   |        |     |   |              |    |   |   |   |   | 33,430 |   |
| Cancellation      of Issued Common Stock              |   |   |                     |        |   |         |    |    |          |   |   |                   |   |   |        |     |   |              |    |   |   |   |   |   |   |
| due      to non-payment on receivable                 |   |   |                     | (180,000    | )      |         |    | (180    | )             |   |   | (8,820                 | )      |   |        | 9,000    |   |              |    |   |   |   |   | - |   |
| Fair      value of warrants issued (restated)         |   |   |                     |        |   |         |    |    |          |   |   | -                      |   |   |        |     |   |              |    |   |   |   |   | - |   |
| Net      (loss) (restated)                            |   |   |                     |        |   |         |    |    |          |   |   |                   |   |   |        |     |   |              |    | (686 | ) |   |   | (686 | ) |
| Balance,      October 31, 2008 (restated)        |   |   |                     | 114,356,494 |   |         |  $ | 114,282 |          |   | $      | 6,734,914              |   |   | $           | (43,625  | )      |              |  $ | (4,707,802 | ) |   |  $ | 2,097,769 |   |
|                                                  |   |   |                     |        |   |         |    |    |          |   |   |                   |   |   |        |     |   |              |    |   |   |   |   |   |   |   |

----

|                                                                                              |   |                              |       |   |                |   |     | March      15, 2006 |   |
|---------------------------------------------------------------------------------------------------|--------|-----------------------------------|------------|--------|---------------------|--------|----------|---------------------|--------|
|                                                                                              |   |                              |       |   | (Inception)         |   |
|                                                                                              |   | Six      Months Ended October 31, |       |   | to      October 31, |   |
|                                                                                              |   | 2008                              |       |   | 2007                |   |     | 2008                |   |
|                                                                                              |   | (restated)                        |       |   | (restated)          |   |     | (restated)          |   |
| Operating      activities                                                                         |   |                              |       |   |                |   |     |                |   |
| Net      loss (restated)                                                                          |   | $                                 | (686       | )      |                | $      | (774,981 | )                   |   | $ | (4,707,802 | ) |
| Adjustments      to reconcile net loss                                                            |   |                              |       |   |                |   |     |                |   |   |   |   |
|    Loss      on outstanding warrants (restated)                                    |   |                              | -          |   |                |   | -        |                |   |   | - |   |
|    Stock      issued for service and  conversion of debt      (restated) |   |                              | 319,580    |   |                |   | 35,000   |                |   |   | 1,097,409 |   |
|    Stock      issued to acquire mineral property lease (restated)                  |   |                              | -          |   |                |   | -        |                |   |   | - |   |
|    Stock      issued to acquire exploration rights (restated)                      |   |                              | -          |   |                |   | -        |                |   |   | - |   |
|    Stock      issued to acquire fixed assets (restated)                            |   |                              | -          |   |                |   | 15,000   |                |   |   | - |   |
|    Stock      issued in acquisition and reorganization (restated)                  |   |                              | -          |   |                |   | -        |                |   |   | - |   |
| Stock      issued for payment of interest on debt (restated)                                      |   |                              | 12,750     |   |                |   | -        |                |   |   | 12,750 |   |
| Gain      on sale of mineral property (restated)                                                  |   |                              | (1.249.072 | )      |                |   |     |                |   |   | (1,249,072 | ) |
|    Contributed      capital                                                        |   |                              | -          |   |                |   | -        |                |   |   | - |   |
|    Depreciation      and amortization                                              |   |                              | 3,216      |   |                |   | 3,536    |                |   |   | 14,100 |   |
|   Stock-based      compensation                                                         |   |                              | -          |   |                |   | -        |                |   |   | 1,587,067 |   |
| Changes      in operating assets and liabilities                                                  |   |                              |       |   |                |   |     |                |   |   | - |   |
|    (Increase)/decrease      in accounts receivable                                 |   |                              | -          |   |                |   | -        |                |   |   | - |   |
|    (Increase)/decrease      in other receivables (restated)                        |   |                              | (244       | )      |                |   | -        |                |   |   | (244 | ) |
|    (Increase)/decrease      in prepaid expenses (restated)                         |   |                              | 7,556      |   |                |   | 11,200   |                |   |   | (8,367 | ) |
|    Increase/(decrease)      in accounts payable                                    |   |                              | 371,105    |   |                |   | 45,952   |                |   |   | 488,791 |   |
|    Increase/(decrease)      in deferred gain (restated)                            |   |                              | -          |   |                |   | -        |                |   |   | - |   |
|    Increase/(decrease)      in accrued liabilities                                 |   |                              | 35,447     |   |                |   | -        |                |   |   | 35,447 |   |
|                                                                                              |   |                              |       |   |                |   |     |                |   |   |   |   |
| Net      cash used by operating activities                                                        |   |                              | (500,348   | )      |                |   | (664,293 | )                   |   |   | (2,729,921 | ) |
|                                                                                              |   |                              |       |   |                |   |     |                |   |   |   |   |
| Investment      activities                                                                        |   |                              |       |   |                |   |     |                |   |   |   |   |
| Acquisition      of mineral property (restated)                                                   |   |                              | -          |   |                |   | -        |                |   |   | (78,091 | ) |
| Investment      general copper                                                                    |   |                              | (845       | )      |                |   | -        |                |   |   | (18,345 | ) |
| Deposit      on reclamation bond (restated)                                                       |   |                              | -          |   |                |   | -        |                |   |   | (17,444 | ) |
| Purchase      of equipment (restated)                                                             |   |                              | -          |   |                |   | (15,366  | )                   |   |   | (13,048 | ) |
|                                                                                              |   |                              |       |   |                |   |     |                |   |   |   |   |
| Net      cash used by investment activities                                                       |   |                              | (845       | )      |                |   | (15,366  | )                   |   |   | (126,928 | ) |
|                                                                                              |   |                              |       |   |                |   |     |                |   |   |   |   |
| Financing      activities                                                                         |   |                              |       |   |                |   |     |                |   |   |   |   |
| Proceeds      from loans from related parties (restated)                                          |   |                              | 3,000      |   |                |   | -        |                |   |   | 66,184 |   |
| Repayments      of loans from related parties (restated)                                          |   |                              | -          |   |                |   | (53,000  | )                   |   |   | (28,184 | ) |
| Cash      received from subscriptions receivable (restated)                                       |   |                              | -          |   |                |   | -        |                |   |   | - |   |
| Proceeds      from the sale of stock (restated)                                                   |   |                              | 480,699    |   |                |   | 800,224  |                |   |   | 2,818,955 |   |
|                                                                                              |   |                              |       |   |                |   |     |                |   |   |   |   |
| Net      Cash Provided by financing activities                                                    |   |                              | 483,699    |   |                |   | 747,224  |                |   |   | 2,856,955 |   |
|                                                                                              |   |                              |       |   |                |   |     |                |   |   |   |   |
| Net      increase / (decrease) in cash                                                            |   |                              | (17,494    | )      |                |   | 67,565   |                |   |   | 106 |   |
|                                                                                              |   |                              |       |   |                |   |     |                |   |   |   |   |
| Cash,      beginning of period                                                                    |   |                              | 17,600     |   |                |   | 193,796  |                |   |   | - |   |
|                                                                                              |   |                              |       |   |                |   |     |                |   |   |   |   |
| Cash,      end of period                                                                          |   | $                                 | 106        |   |                | $      | 261,361  |                |   | $ | 106 |   |
|                                                                                              |   |                              |       |   |                |   |     |                |   |   |   |   |
| Supplemental      information:                                                                    |   |                              |       |   |                |   |     |                |   |   |   |   |
| Interest      paid                                                                                |   | $                                 | 16         |   |                | $      | 1,070    |                |   | $ | 1,086 |   |
| Income      taxes paid                                                                            |   | $                                 | -          |   |                | $      | -        |                |   | $ | - |   |
|                                                                                              |   |                              |       |   |                |   |     |                |   |   |   |   |
| Non-cash      activities:                                                                         |   |                              |       |   |                |   |     |                |   |   |   |   |
| Stock      issued for service as prepaid expenses (restated)                                      |   | $                                 | 437,610    |   |                | $      | -        |                |   | $ | 437,610 |   |
| Stock      issued to acquire mineral property lease (restated)                                    |   | $                                 | -          |   |                | $      | -        |                |   | $ | 783,687 |   |
| Stock      issued for payment of interest on debt (restated)                                      |   | $                                 | 12,750     |   |                | $      | -        |                |   | $ | 12,750 |   |
|                                                                                              |   |                              |       |   |                |   |     |                |   |   |   |   |
| The      accompanying notes are an integral part of thesestatements                               |   |                              |       |   |                |   |     |                |   |

----

----

----

----

----

----

----

|                                                                          |   | Three      Months Ended October 31, 2008 |          |
|------------------------------------------------------------------------------------|--------|------------------------------------------|---------------|
|                                                                          |   | As      reported                         |          |   | Adjustments |   |   | As      restated |   |
| Operating      expenses                                                            |   |                                     |          |   |   |   |   |   |   |
| General      and administrative                                                    |   | $                                        | 48,309        |   |   | $ | 7,813 | A |   | $ | 56,122 |   |
|                                                                               |   |                                     |          |   |   |   |   |   |   |   |   |   |
| Total      expense                                                                 |   | $                                        | 450,104       |   |   | $ | 7,813 |   |   | $ | 457,917 |   |
|                                                                               |   |                                     |          |   |   |   |   |   |   |   |   |   |
| (Loss)      from operations                                                        |   | $                                        | (450,104      | ) |   | $ | (7,813 | )  |   | $ | (457,917 | ) |
|                                                                               |   |                                     |          |   |   |   |   |   |   |   |   |   |
| Other      income/ (expenses)                                                      |   |                                     |          |   |   |   |   |   |   |   | - |   |
| Gain      on sale of fixed assets                                                  |   | $                                        | -             |   |   | $ | 1,249,072 | B |   | $ | 1,249,072 |   |
| Loss      on outstanding warrants                                                  |   | $                                        | (12,410       | ) |   | $ | 12,410 | C |   | $ | - |   |
|                                                                          |   |                                     |          |   |   |   |   |   |   |   | - |   |
| Net      income/(loss) before income taxes                                         |   | $                                        | (475,280      | ) |   | $ | 1,253,669 |   |   | $ | 778,389 |   |
|                                                                          |   |                                     |          |   |   |   |   |   |   |   | - |   |
| Net      income/(loss)                                                             |   | $                                        | (475,280      | ) |   | $ | 1,253,669 |   |   | $ | 778,389 |   |
|                                                                          |   |                                     |          |   |   |   |   |   |   |   | - |   |
| Basic/income/(loss)      per share                                                 |   | $                                        | (0.00         | ) |   | $ | 0.01 |   |   | $ | 0.01 |   |
|                                                                          |   |                                     |          |   |   |   |   |   |   |   | - |   |
| Weighted      average                                                              |   |                                     |          |   |   |   |   |   |   |   | - |   |
|    number      of shares                                            |   |                                     | 109,525,634   |   |   |   |   |   |   |   | 109,525,634 |   |
|                                                                               |   |                                     |          |   |   |   |   |   |   |   |   |   |
| Diluted      income/(loss) per share                                               |   | $                                   | (0.00         | )  |   | $ | 0.01  |   |   |  $ | 0.01  |   |
|                                                                               |   |                                     |          |   |   |   |   |   |   |   |   |   |
|  Weighted      average                                                        |   |                                     | 109,634  |   |   |   |   |   |   |   | 117,313  |   |
|                 number of shares |   |                                     |          |   |   |   |   |   |   |   |   |   |

| (A)   | During      the restatement of financial statements for the period ended April 30,      2008 previously filed, it was noted that a pre-payment on an Officers and      Directors Insurance liability plan premium was made and inappropriately      expensed immediately rather than ratably over the term of the policy      ($15,625). The adjustment of $7,813 relates to the expense needing to be      recognized for the period ended October 31, 2008 with the remainder      remaining as a prepaid balance. |
|-----------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (B)   | During      the period ended October 31, 2008, the Company sold the rights to      Mikite Resources and the Ghana Mining Concession. At the date of sale, the      sales price of the transaction was recorded at $1,000,000 and was recorded      as a deferred gain to the balance sheet on the financial statements at the      date of the transaction.  Upon further review of the      transaction, management determined that the components of the transaction      were not properly recorded at fair value as the transaction was to consist      of $500,000 in cash payments and 2,000,000 shares of Sunergy Inc. which      was originally recorded at its deemed value of $500,000 compared to its      fair market value of $1,000,000 at the date of      transaction.  Management determined that the sales price of the      transaction was understated by $500,000 and should not have been deferred      at the date of the transaction.  In addition, Management noted      that the cost basis for the Mikite Resources Ghana Mining Concession was      appropriately restated to its fair value at date of acquisition of      $250,928 in the restated form 10-K for the period ended April 30,      2008.  The adjustment above reflects the reduction of the sales      price for the restated cost basis of the property and thus its resulting      gain on sale of mineral properties. |
|-----------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (C)   | During      the period ended October 31, 2008, the Company issued 882,500      warrants to investors. The fair value of all warrants was estimated using      a Black-Scholes pricing model and recognized through earnings. Upon      subsequent review, management determined the warrants issued to investors      should have been treated as a capital transaction with no income statement      affects recognized which caused an overstatement of expenses of      $12,410. |
|-----------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|                               |   | Three      Months Ended October 31, 2007 |       |
|-----------------------------------------|--------|------------------------------------------|------------|
|                               |   | As      reported                         |       |   | Adjustments |   |   | As      restated |   |
| Other      income/ (expenses)           |   |                                     |       |   |   |   |   |   | - |   |
| Loss      on outstanding warrants       |   | $                                        | (10,400    | ) |   | $ | 10,400 | D |   | $ | - |   |
|                               |   |                                     |       |   |   |   |   |   |   |   | - |   |
| Net      (loss) before income taxes     |   | $                                        | (362,786   | ) |   | $ | 10,400 | D |   | $ | (352,386 | ) |
|                               |   |                                     |       |   |   |   |   |   |   |   | - |   |
| Net      (loss)                         |   | $                                        | (362,786   | ) |   | $ | 10,400 | D |   | $ | (352,386 | ) |
|                               |   |                                     |       |   |   |   |   |   |   |   | - |   |
| Basic/diluted      (loss) per share     |   | $                                        | (0.00      | ) |   |   |   |   |   | $ | (0.00 | ) |
|                               |   |                                     |       |   |   |   |   |   |   |   | - |   |
| Weighted      average                   |   |                                     |       |   |   |   |   |   |   |   | - |   |
|    number      of shares |   |                                     | 87,135,662 |   |   |   |   |   |   |   | 87,135,662 |   |

| (D)   | During      the period ended October 31, 2007, the Company issued 217,000      warrants to investors. The fair value of all warrants was estimated using      a Black-Scholes pricing model and recognized through earnings. Upon      subsequent review, management determined the warrants issued to investors      should have been treated as a capital transaction with no income statement      affects recognized which caused an overstatement of expenses of $10,400      for the period. |
|-----------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|                              |   | Six      Months Ended October 31, 2008 |        |
|----------------------------------------|--------|----------------------------------------|-------------|
|                              |   | As      reported                       |        |   | Adjustments |   |   | As      restated |   |
| Operating      expenses                |   |                                   |        |   |   |   |   |   |   |
| General      and administrative        |   | $                                      | 95,319      |   |   | $ | 7,813 | E |   | $ | 103,132 |   |
|                                   |   |                                   |        |   |   |   |   |   |   |   |   |   |
| Total      expense                     |   | $                                      | 1,229,179   |   |   | $ | 7,813 |   |   | $ | 1,236,992 |   |
|                                   |   |                                   |        |   |   |   |   |   |   |   |   |   |
| (Loss)      from operations            |   | $                                      | (1,229,179  | ) |   | $ | (7,813 | ) |   | $ | (1,236,992 | ) |
|                                   |   |                                   |        |   |   |   |   |   |   |   |   |   |
| Other      income/ (expenses)          |   |                                   |        |   |   |   |   |   |   |   | - |   |
| Gain      on sale of fixed assets      |   | $                                      | -           |   |   | $ | 1,249,072 | F |   | $ | 1,249,072 |   |
| Loss      on outstanding warrants      |   | $                                      | (31,335     | ) |   | $ | 31,335 | G |   | $ | - |   |
|                              |   |                                   |        |   |   |   |   |   |   |   | - |   |
| Net      (loss) before income taxes    |   | $                                      | (1,273,280  | ) |   | $ | 1,272,594 |   |   | $ | (686 | ) |
|                              |   |                                   |        |   |   |   |   |   |   |   | - |   |
| Net      (loss)                        |   | $                                      | (1,273,280  | ) |   | $ | 1,272,594 |   |   | $ | (686 | ) |
|                              |   |                                   |        |   |   |   |   |   |   |   | - |   |
| Basic/diluted      (loss) per share    |   | $                                      | (0.01       | ) |   | $ | 0.01 |   |   | $ | 0.00 |   |
|                              |   |                                   |        |   |   |   |   |   |   |   | - |   |
| Weighted      average number of shares |   |                                   | 105,607,496 |   |   |   |   |   |   |   | 105,607,496 |   |

| (E)   | Refer      to Restatement footnote (A) above. |
|-----------------|-----------------------------------------------|

| (F)   | Refer      to Restatement footnote (B) above. |
|-----------------|-----------------------------------------------|

----

| (G)   | Refer      to Restatement footnote (C) above.  Year-to-date adjustment      includes the restatement previously disclosed the restated 10-Q for the      period ended July 31, 2008 of $18,925 for the three months then      ended. |
|-----------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|                               |   | Six      Months Ended October 31, 2007 |       |
|-----------------------------------------|--------|----------------------------------------|------------|
|                               |   | As      reported                       |       |   | Adjustments |   |   | As      restated |   |
| Other      income/ (expenses)           |   |                                   |       |   |   |   |   |   | - |   |
| Loss      on outstanding warrants       |   | $                                      | (414,702   | ) |   | $ | 414,702 | H |   | $ | - |   |
|                               |   |                                   |       |   |   |   |   |   |   |   | - |   |
| Net      (loss) before income taxes     |   | $                                      | (1,189,683 | ) |   | $ | 414,702 | H |   | $ | (774,981 | ) |
|                               |   |                                   |       |   |   |   |   |   |   |   | - |   |
| Net      (loss)                         |   | $                                      | (1,189,683 | ) |   | $ | 414,702 | H |   | $ | (774,981 | ) |
|                               |   |                                   |       |   |   |   |   |   |   |   | - |   |
| Basic/diluted      (loss) per share     |   | $                                      | (0.01      | ) |   |   |   |   |   | $ | (0.01 | ) |
|                               |   |                                   |       |   |   |   |   |   |   |   | - |   |
| Weighted      average                   |   |                                   |       |   |   |   |   |   |   |   | - |   |
|    number      of shares |   |                                   | 84,808,159 |   |   |   |   |   |   |   | 84,808,159 |   |

| (H)   | Refer      to Restatement footnote (D) above.  Year-to-date adjustment      includes the restatement previously disclosed in the restated 10-Q for the      period ended July 31, 2007 of $283,261 for the three months then      ended. |
|-----------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|                                |   | Previously      Reported |       |    |        |   |       |   | As      restated         |   |
|-------------------------------------|--------|--------------------------|------------|---------|-------------|--------|------------|--------|--------------------------|--------|
|                           |   | March 15,      2006 |       |    |        |   |       |   | March 15,      2006 |   |
|                           |   | (inception)      to      |       |    |        |   |       |   | (inception)      to      |   |
|                           |   | October 31,         |       |    |        |   |       |   | October 31,         |   |
|                           |   | 2008                     |       |    | Adjustments |   |       |   | 2008                     |   |
| Operating      expenses             |   |                     |       |    |        |   |       |   |                     | -      |   |
| General      and administrative     |   | $                        | 1,465,450  |    |        | $      | (415,439   | )      | I                        |   | $ | 1,050,011 |   |
| Management      and consulting      |   |                     | 1,410,581  |    |        |   | 1,771,366  |   | J                        |   |   | 3,181,947 |   |
| Exploration      and development    |   |                     | 1,524,877  |    |        |   | (128,927   | )      | K                   |   |   | 1,395,950 |   |
| Professional      fees              |   |                     | 278,040    |    |        |   | 24,684     |   | L                        |   |   | 302,724 |   |
|                           |   |                     |       |    |        |   |       |   |                     |   |   | - |   |
| Total      expenses                 |   |                     | 4,693,048  |    |        |   | 1,251,684  |   |                     |   |   | 5,944,732 |   |
|                           |   |                     |       |    |        |   |       |   |                     |   |   | - |   |
| (Loss)      from operations         |   |                     | (4,693,048 | )       |        |   | (1,251,684 | )      |                     |   |   | (5,944,732 | ) |
|                           |   |                     |       |    |        |   |       |   |                     |   |   | - |   |
| Other      income/ (expenses)       |   |                     |       |    |        |   |       |   |                     |   |   | - |   |
| Interest      expense               |   |                     | (12,766    | )  |        |   | (1,876     | )      | M                   |   |   | (14,642 | ) |
| Gain      on sale of fixed assets   |   |                     | -          |    |        |   | 1,249,072  |   | N                   |   |   | 1,249,072 |   |
| Gain      on forgiveness of debt    |   |                     | 243,452    |    |        |   | (243,452   | )      | O                        |   |   | - |   |
| Loss      on outstanding warrants   |   |                     | (605,045   | )       |        |   | 605,045    |   | P                   |   |   | - |   |
|                           |   |                     |       |    |        |   |       |   |                     |   |   | - |   |
| Net      (loss) before income taxes |   |                     | (5,064,907 | )       |        |   | 357,105    |   |                     |   |   | (4,707,802 | ) |
|                           |   |                     |       |    |        |   |       |   |                     |   |   | - |   |
| Net      (loss)                     |   | $                        | (5,064,907 | )       |        | $      | 357,105    |   |                     |   | $ | (4,707,802 | ) |

----

| (I)   | Amount      represents a reclassification from General and administrative to      Management and consulting to match current period reporting      classifications. Includes an increase of expense related to the expensing      of Directors & Officers insurance premium as noted in Restatement      footnote (A) above. |
|-----------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (J)   | Amount      consists of the followingadjustments: |
|-----------------|---------------------------------------------------|

| (K)   | Amount      consists of the followingadjustments: |
|-----------------|---------------------------------------------------|

----

| (L)   | Amount      represents a reclassification to Professional fees from Exploration and      development to match current period reporting    classifications. |
|-----------------|------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (M)   | During      the procedures performed, it was noted that to match classification      presented for the period ended October 31, 2008, $1,876 of interest      expense was required to be reclassified from Exploration and development      to match current period reporting  classifications. |
|-----------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (N)   | Refer      to Restatement footnote (B) above. |
|-----------------|-----------------------------------------------|

| (O)   | During      the fiscal year ended April 30, 2006 we entered into several      transactions with various shareholders and employees for the      extinguishment of certain debts and accounts payable by the issuance of      common shares. Upon further review of the transactions, we determined they      should have been treated as capital transactions with no affects on our      statements of operations. This resulted in an overstatement of net income      for the period of $243,452. |
|-----------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (P)   | During      the year ended April 30, 2008 the Company issued 6,203,299 warrants      to investors and to certain members of management and the Board. The fair      value of all warrants was estimated using a Black-Scholes pricing model      and recognized through earnings. Upon subsequent review, management      determined the warrants issued to investors should have been treated as a      capital transaction with no income statement affects recognized. This      resulted in an overstatement of expenses by $434,377 for the period then      ended. Additionally, the warrants issued to management and the Board of      Directors totaling $139,333 constituted compensation and has been      reclassified to management and consulting expense. All of the warrants      issued as compensation were fully vested on the grant date. In addition,      there was additional expense recognized during the three months ended July      31, 2008 of $18,925 and during the three months ended October 31, 2008 as      noted in restatement footnote (G)above. |
|-----------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|                                              |   | As      Reported |       |   |        |   |       | As      restated |   |
|---------------------------------------------------|--------|------------------|------------|--------|-------------|--------|------------|------------------|--------|
|                                              |   | October      31, |       |   |        |   |       | October      31, |   |
|                                              |   | 2008             |       |   | Adjustments |   |       | 2008             |   |
| Current      assets                               |   |             |       |   |        |   |       |             |   |
| Prepaid      expenses                             |   | $                | 438,167    |   |        | $      | 7,813      |  Q          |   | $ | 445,980 |   |
| Other      receivables                            |   | $                | 1,000,000  |   |        | $      | 500,000    |  R          |   | $ | 1,500,000 |   |
|                                         |   |             |       |   |        |   |       |             |   |   |   |   |
| Total      current assets                         |   |             | 1,438,517  |   |        |   | 507,813    |             |   |   | 1,946,330 |   |
|                                         |   |             |       |   |        |   |       |             |   |   |   |   |
| Other      assets                                 |   |             |       |   |        |   |       |             |   |   |   |   |
| Mineral      property                             |   |             | 58,091     |   |        |   | 555,850    |  S          |   |   | 613,941 |   |
| Other      assets                                 |   |             |       |   |        |   | 17,444     |  T          |   |   | 17,444 |   |
|                                         |   |             |       |   |        |   |       |             |   |   | - |   |
| Total      other assets                           |   |             | 105,385    |   |        |   | 573,294    |             |   |   | 678,679 |   |
|                                         |   |             |       |   |        |   |       |             |   |   | - |   |
| Total      assets                                 |   | $                | 1,543,902  |   |        | $      | 1,081,107  |             |   | $ | 2,625,009 |   |
|                                         |   |             |       |   |        |   |       |             |   |   |   |   |
| Liabilities      and stockholders’ equity   |   |             |       |   |        |   |       |             |   |   |   |   |
| Current      liabilities                          |   |             |       |   |        |   |       |             |   |   |   |   |
| Deferred      gain                                |   |             | 1,000,000  |   |        |   | (1,000,000 | )U               |   |   | - |   |
|                                              |   |             |       |   |        |   |       |             |   |   |   |   |
| Total      current liabilities                    |   |             | 1,527,237  |   |        |   | (1,000,000 | )                |   |   | 527,237 |   |
|                                              |   |             |       |   |        |   |       |             |   |   |   |   |
| Total      liabilities                            |   |             | 1,527,237  |   |        |   | (1,000,000 | )                |   |   | 527,237 |   |
|                                              |   |             |       |   |        |   |       |             |   |   |   |   |
| Stockholders'      equity                         |   |             |       |   |        |   |       |             |   |   | - |   |
|                                         |   |             |       |   |        |   |       |             |   |   | - |   |
| Additional      paid-in capital                   |   |             | 5,010,914  |   |        |   | 1,724,000  |  V          |   |   | 6,734,914 |   |
| Accumulated      deficit during exploration stage |   |             | (5,064,908 | )      |        |   | 357,106    |  W          |   |   | (4,707,802 | ) |
|                                         |   |             |       |   |        |   |       |             |   |   |   |   |
| Total      stockholders' equity                   |   |             | 16,664     |   |        |   | 2,081,105  |             |   |   | 2,097,769 |   |
|                                         |   |             |       |   |        |   |       |             |   |   |   |   |
| Total      liabilities and stockholders' equity   |   | $                | 1,534,901  |   |        | $      | 1,081,105  |             |   | $ | 2,625,009 |   |

----

| (Q)   | Capitalization      of prepaid expense related to previous expensing of payment on insurance      policy as noted in restatement footnote (A)  above. |
|-----------------|-------------------------------------------------------------------------------------------------------------------------------------------------------|

| (R)   | Refer      to restatement footnote (B) and the additional $500,000 for the sales      prices of the Mikite Resources and Ghana mining concession      rights. |
|-----------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (S)   | In      conjunction with the review of transactions as identified and noted by the      SEC Corporate Finance division, management reviewed the recording of      transactions related to the acquisition of the Independence mineral      property. |
|-----------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (T)   | Capitalization      of the $17,444 payment issued to the Nevada Division of Minerals as      deposit on a reclamation bond as identified in the restatement footnotes      for the period ended April 30, 2008 and disclosed in our 10-K for the      period ended April 30, 2009. |
|-----------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (U)   | Adjustment reflects the      recognition of the entire sales prices being recognized at the date of the      transaction as noted in restatement footnote (B)    above. |
|-----------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (V)   |  This      reflects the net effect of the adjustments related to equity transactions      as noted in the footnotes above at the estimated fair value and their      respective impact on additional paid-incapital. |
|-----------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (W)   | This      reflects the net effect of all income statements errors as noted in      footnotes (A) through (P). |
|-----------------|---------------------------------------------------------------------------------------------------------------|

----

|        (A)  | During      the year ended April 30, 2008 we acquired fixed assets through the      issuance of common stock totalling $30,000 previously reported in      operating activities. Additionally, $13,000 of fixed asset purchases      included in investing activities was inappropriately included for the year      ended April 30, 2008. The corresponding impact of this correction is      also included in the restated Inception to October 31, 2008      information. |
|-----------------------------------------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (B) | During      the year ended April 30, 2008 the Company issued $35,000 worth of      common stock, in a non-cash transaction, that was previously included in      operating activities with a corresponding debt repayment classified as      financing activities. The corresponding impact of this correction is also      included in the restated Inception to October 31, 2008      information. |
|--------|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (C)   | Previously      included in the inception to April 30, 2008 operating activities were      additional non-cash transactions including $7,000 for mineral property      lease acquisitions, $75,000 for exploration rights acquisitions, and an      additional $15,000 for fixed asset acquisitions with corresponding amounts      included proceeds from stock issuances. The transactions have been removed      and are disclosed in the supplemental information  only. |
|-----------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (D)   | Stock      issued as part of the reverse merger transaction that was effective      March 15, 2006 was previously included in operating activities with a      corresponding off-set included in financing activities for the Inception      to April 30, 2008 cash flows totaling $571,295. The Inception to      October 31, 2008 cash flow statement reflects the removal of this      transaction along with the other reconciling items as noted in the income      statement restatements above. |
|-----------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (E)   | The      overall impacts on the previously issued Statements of Cash flows for the      period ended October 31, 2008 and the Inception to October 31,      2008 by activity are as follows: |
|-----------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|                                       |   | As      Previously Reported        |       |   |        |   |     |   | Restated                           |   |
|--------------------------------------------|--------|------------------------------------|------------|--------|-------------|--------|----------|--------|------------------------------------|--------|
|                                       |   | (inception)      to                |       |   |        |   |     |   | (inception)      to                |   |
|                                       |   | Period      Ended October 31, |       |   |        |   |     |   | Period      Ended October 31, |   |
|                                       |   | 2008                               |       |   | Adjustments |   |     | 2008   |                               |
| Cash      used in operating activities     |   | $                                  | (3,189,973 | )      |        | $      | 460,052  |   |                               | $      | (2,729,921 | ) |
| Cash      used in investing activities     |   |                               | (119,484   | )      |        |   | (7,444   | )      |                               |   | (126,928 | ) |
| Cash      provided by financing activities |   |                               | 3,309,563  |   |        |   | (452,608 | )      |                               |   | 2,856,955 |   |

----

|                                     |   | GENERAL METALS      CORPORATION                                     |   |
|------------------------------------------|--------|---------------------------------------------------------------------|--------|
|                                     |   | (Registrant)                                                   |   |
| Dated:  December      18, 2009 | By:    | /s/      Stephen Parent                                             |   |
|                                     |   | Stephen      Parent                                                 |   |
|                                     |   | Chief      Executive Officer and President                          |   |
|                                     |   | (Principal      Executive Officer)                                  |   |
|                                     |   |                                                                |   |
|                                     |   |                                                                |   |
| Dated:  December      18, 2009 |   | /S/      Daniel J. Forbush                                          |   |
|                                     |   | Daniel      J. Forbush                                              |   |
|                                     |   | Chief      Financial Officer                                        |   |
|                                     |   | (Principal      Financial Officer and Principal Accounting Officer) |   |

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