----

----

| þ | ANNUAL 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) |   | (I.R.S. Employer Identification No.) |

| 615 Sierra Rose Drive, Suite 1, Reno, NV |   | 89511      |
|------------------------------------------|--------|------------|
| (Address of principal executive offices) |   | (Zip Code) |

| Registrant's telephone number, including area code: |   | 775-583-4636 |
|-----------------------------------------------------|--------|--------------|

| Title of Each Class |   | Name of Each Exchange On Which Registered |
|---------------------|--------|-------------------------------------------|
| N/A                 |   | N/A                                       |

| N/A              |
|------------------|
| (Title of class) |

| Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 the Securities Act.                                                                                                                                                                                                                                                                  |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                                                                                                                                                                                                                                                                                                                                                                                       | Yes o  No þ |
| Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act                                                                                                                                                                                                                                                                |
|                                                                                                                                                                                                                                                                                                                                                                                       | Yes o  No þ |
|                                                                                                                                                                                                                                                                                                                                                                                       |   |
| Indicate by check mark whether the registrant: (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports) and (2) has been subject to such filing requirements for the last 90 days.                              |
|                                                                                                                                                                                                                                                                                                                                                                                       | Yes  þ No o |
|                                                                                                                                                                                                                                                                                                                                                                                       |   |
| Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Website, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-K (§229.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files). |
|                                                                                                                                                                                                                                                                                                                                                                                       | Yes o No o |
|                                                                                                                                                                                                                                                                                                                                                                                       |   |
| Indicate by check mark if disclosure of delinquent filers pursuant to Item 405 of Regulation S-K (§229.405 of this chapter)  is not contained herein, and will not be contained, to the best of registrant's knowledge, in definitive proxy or information statements incorporated by reference in Part III of this Form 10-K or any amendment to this Form 10-K.                |
|                                                                                                                                                                                                                                                                                                                                                                                       | o |
|                                                                                                                                                                                                                                                                                                                                                                                       |   |
| Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See definition of “large accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act.                                                    |
| Large accelerated filer   | o | Accelerated filer         | o      |
|-------------------------------------|---|---------------------------|--------|
| Non-accelerated filer               | o | Smaller reporting company | þ |
| Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).   |
|------------------------------------------------------------------------------------------------------------------------------|
|                                                                                                                         | Yes o Noþ |

| Indicate the number of shares outstanding of each of the registrant’s classes of common stock as of the latest practicable date.  |
|----------------------------------------------------------------------------------------------------------------------------------------------|
| 219,821,625 shares of common stock issued & outstanding as of August 11, 2010                                                            |

----

----

----

| Item 1.      | Business                                                                                        |   |   | 1      |   |
|--------------|------------------------------------------------------------------------------------------------------|--------|--------|--------|--------|
|         |                                                                                                 |   |   |   |   |
| Item 1A.     | Risk Factors                                                                                    |   |   | 3      |   |
|         |                                                                                                 |   |   |   |   |
| Item 2.      | Properties                                                                                      |   |   | 7      |   |
|         |                                                                                                 |   |   |   |   |
| Item 3.      | Legal Proceedings                                                                               |   |   | 10     |   |
|         |                                                                                                 |   |   |   |   |
| Item 4.      | Submissions of Matters to a Vote of Security Holders                                            |   |   | 10     |   |
|         |                                                                                                 |   |   |   |   |
| Item 5.      | Market for Common Equity and Related Stockholder Matters                                        |   |   | 11     |   |
|         |                                                                                                 |   |   |   |   |
| Item 6.      | Selected Financial Data                                                                         |   |   | 15     |   |
|         |                                                                                                 |   |   |   |   |
| Item 7.      | Management’s Discussion and Analysis of Financial Condition and Results of Operations     |   |   | 15     |   |
|         |                                                                                                 |   |   |   |   |
| Item 7A.     | Quantitative and Qualitative Disclosures About Market Risk                                      |   |   | 26     |   |
|         |                                                                                                 |   |   |   |   |
| Item 8.      | Financial Statements and Supplementary Data                                                     |   |   | 26     |   |
|         |                                                                                                 |   |   |   |   |
| Item 9.      | Changes in and Disagreements with Accountants on Accounting and Financial Disclosure            |   |   | 59     |   |
|         |                                                                                                 |   |   |   |   |
| Item 9A (T). | Controls and Procedures                                                                              |   |   | 50     |   |
|         |                                                                                                 |   |   |   |   |
| Item 9B.     | Other Information                                                                               |   |   | 52     |   |
|         |                                                                                                 |   |   |   |   |
| Item 10.     | Directors, Executive Officers and Corporate Governance                                          |   |   | 53     |   |
|         |                                                                                                 |   |   |   |   |
| Item 11.     | Executive Compensation                                                                          |   |   | 59     |   |
|         |                                                                                                 |   |   |   |   |
| Item 12.     | Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters  |   |   | 61     |   |
|         |                                                                                                 |   |   |   |   |
| Item 13.     | Certain Relationships and Related Transactions, and Director Independence                            |   |   | 61     |   |
|         |                                                                                                 |   |   |   |   |
| Item 14.     | Principal Accountants Fees and Services                                                         |   |   | 62     |   |
|         |                                                                                                 |   |   |   |   |
| Item 15.     | Exhibits, Financial Statement Schedules                                                         |   |   | 63     |   |

----

| ITEM 1. | BUSINESS |
|--------------|----------|

----

----

| ITEM 1A. | RISK FACTORS |
|----------|--------------|

----

----

----

----

----

|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            | All infrastructure necessary for the exploration, development and operation of a mine is readily available. The property is accessed via federal, state and county maintained all weather paved and gravel roads from the nearby town of Battle Mountain. A well-trained work force is available in the town of Battle Mountain, situated 30 miles north of the property along Interstate highway 80. Adequate ground water is available for diversion for future mining operations which enjoy special treatment as temporary or interim uses under Nevada water laws. Electrical power has recently been extended to within one mile of the project to service the Phoenix project, and the transcontinental natural gas line passes within 1.5 miles of the property. |
|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |
|   | The property has been the site of intermittent historic exploration and mining activities since the late 1920s. Past mining operations extracted 65,000 tons of high grade gold and silver ores from the property. The bulk of this activity occurred during two periods, the first from high grade ores shipped for direct smelting during the late 1940s and early 1950s, and a second from 1975 to 1983 when a significant amount of underground development took place, and a mill erected on the property. During its peak period of production in 1976 the mine shipped up to 1 ton of gold and silver bullion per month. |

----

----

----

| National Association of Securities Dealers OTC Bulletin Board(1) |
|------------------------------------------------------------------|
| Quarter Ended                                                    | High | Low |
| April 30, 2010                                                   | $0.05 | $0.03 |
| January 31, 2010                                                 | $0.07 | $0.04 |
| October 31, 2009                                                 | $0.09 | $0.04 |
| July 31, 2009                                                    | $0.09 | $0.02 |
| April 30, 2009                                                   | $0.05 | $0.02 |
| January 31, 2009                                                 | $0.034 | $0.012 |
| October 31, 2008                                                 | $0.11 | $0.025 |
| July 31, 2008                                                    | $0.16 | $0.071 |
| April 30, 2008                                                   | $0.23 | $0.09 |
| January 31, 2008                                                 | $0.22 | $0.14 |
| October 31, 2007                                                 | $0.23 | $0.12 |
| July 31, 2007                                                    | $0.51 | $0.20 |
| April 30, 2007                                                   | $0.29 | $0.082 |

----

| Plan category                                              |   | Number of securities to be issued upon exercise of outstanding options, warrants and rights |   | Weighted average exercise price of outstanding options, warrants and rights |   | Number of securities remaining available for future issuance under equity compensation plans (excluding securities reflected in column (a)) |
|------------------------------------------------------------|--------|---------------------------------------------------------------------------------------------|--------|-----------------------------------------------------------------------------|--------|---------------------------------------------------------------------------------------------------------------------------------------------|
|                                                       |   | (a)                                                                                         |   | (b)                                                                         |   | (c)                                                                                                                                         |
| Equity compensation plans approved by security holders     |   | Nil                                                                                         |   | Nil                                                                         |   | Nil                                                                                                                                         |
| Equity compensation plans not approved by security holders |   | Nil                                                                                         |   | Nil                                                                         |   | Nil                                                                                                                                         |
| Total                                                      |   | Nil                                                                                         |   | Nil                                                                         |   | Nil                                                                                                                                         |

| Outstanding Equity Awards at Fiscal Year-End |
|----------------------------------------------|

|                 | Option Awards                                                   | Stock Awards                                                      |
|----------------------|-----------------------------------------------------------------|-------------------------------------------------------------------|
| Name                 | Number of Securities Underlying Unexercised Options Exercisable | Number of Securities Underlying Unexercised Options Unexercisable | Equity Incentive Plan Awards: Number of Securities Underlying Unexercised Unearned Options | Option Exercise Price | Option Expiration Date | Number of Shares or Units of Stock that Have Not Vested | Market Value of Shares or Units of Stock that Have Not Vested | Equity Incentive Plan Awards : Number of Unearned Shares, Units or Other Rights that Have Not Vested | Equity Incentive Plan Awards : Market or Payout Value of Unearned Shares, Units or Other Rights that Have Not Vested |
| Stephen Parent(1)    | Nil                                                             | Nil                                                               | Nil | Nil | Nil | Nil | Nil | Nil | Nil |
| Robert Carrington(2) | Nil                                                             | Nil                                                               | Nil | Nil | Nil | Nil | Nil | Nil | Nil |
| Paul Wang (3)        | Nil                                                             | Nil                                                               | Nil | Nil | Nil | Nil | Nil | Nil | Nil |
| Daniel Forbush       | Nil                                                             | Nil                                                               | Nil | Nil | Nil | Nil | Nil | Nil | Nil |
| David Salari         | Nil                                                             | Nil                                                               | Nil | Nil | Nil | Nil | Nil | Nil | Nil |
| Larry M. Bigler      | Nil                                                             | Nil                                                               | Nil | Nil | Nil | Nil | Nil | Nil | Nil |

| (1)   | Mr. Parent resigned as President and a director January 28, 2010. |
|-----------------|-------------------------------------------------------------------|

| (2)   | Mr. Carrington was appointed President and a director on January 28, 2010. |
|-----------------|----------------------------------------------------------------------------|

| (3)   | Mr. Wang was appointed a Director on March 11, 2010. |
|-----------------|------------------------------------------------------|

----

| Description                                                          |   | # of shares |       |
|----------------------------------------------------------------------|--------|-------------|------------|
|                                                                 |   |        |       |
| Common Stock issued to convert Debt at $0.075 per share              |   |        | 513,333    |   |
| Common Stock Issued for Cash at $0.125 In Private Placement          |   |        | 667,040    |   |
| Common Stock Issued in Exercise of Share Purchase Warrants at $0.075 |   |        | 2,520,979  |   |
| Common Stock Issued in Exercise of Share Purchase Warrants at $0.20  |   |        | 654,500    |   |
| Common Stock Issued in Exercise of Share Purchase Warrants at $0.125 |   |        | 44,000     |   |
| Common Stock Issued for purchase of asset at $0.125                  |   |        | 132,000    |   |
| Common Stock Issued in Exercise of Share Purchase Warrants at $0.20  |   |        | 216,000    |   |
| Common Stock Issued for Cash at $0.125 In Private Placement          |   |        | 52,470     |   |
| Common Stock Issued for Cash at $0.20 In Private Placement           |   |        | 2,503,000  |   |
| Common Stock Issued in Exercise of Share Purchase Warrants at $0.07  |   |        | 733,334    |   |
| Common Stock Issued for Cash at $0.15 In Private Placement           |   |        | 900,000    |   |
| Common Stock Issued in Exercise of Share Purchase Warrants at $0.068 |   |        | 146,667    |   |
| Common Stock Issued in Exercise of Share Purchase Warrants at $0.10  |   |        | 110,000    |   |
| Common Stock Issued in Exercise of Share Purchase warrants at $0.114 |   |        | 176,000    |   |
| Common Stock Issued for services to the advisory board at $0.15      |   |        | 2,000,000  |   |
| Common Stock Issued for Cash at $0.15 In Private Placement           |   |        | 100,000    |   |
| Common Stock Issued in Exercise of Share Purchase warrants at $0.075 |   |        | 86,667     |   |
| Common Stock Issued in Exercise of Share Purchase warrants at $0.114 |   |        | 2,200      |   |
| Common Stock Issued for Cash at $0.20 In Private Placement           |   |        | 590,000    |   |
| Common Shares issued for Cash at $0.15 In Private Placement          |   |        | 44,299     |   |
| Common Stock Issued in Exercise of Share Purchase warrants at $0.068 |   |        | 146,300    |   |
| Common Stock Issued for services at $0.125                           |   |        | 100,000    |   |
| Common Stock Issued for Cash at $0.20 In Private Placement           |   |        | 100,000    |   |
| Common Stock Issued for Cash at $0.05 In Private Placement           |   |        | 400,000    |   |
| Common Stock Issued in Exercise of Share Purchase warrants at $0.05  |   |        | 275,000    |   |
| Common Stock Issued in Exercise of Share Purchase warrants at $0.085 |   |        | 29,412     |   |
|      Total                                  |   |        | 13,243,201 |   |

----

| Description                                                          |   | # of shares |       |
|----------------------------------------------------------------------|--------|-------------|------------|
|                                                                 |   |        |       |
| Cancellation of previously issued common stock                       |   |        | (180,000   | ) |
| Common Stock Issued for Cash at $0.014 In Private Placement          |   |        | 7,000,000  |   |
| Common Stock Issued for Cash at $0.015 In Private Placement          |   |        | 2,000,000  |   |
| Common Stock Issued for Cash at $0.018 In Private Placement          |   |        | 1,000,000  |   |
| Common Stock Issued for Cash at $0.02 In Private Placement           |   |        | 8,400,000  |   |
| Common Stock Issued for Cash at $0.025 In Private Placement          |   |        | 2,502,000  |   |
| Common Stock Issued for Cash at $0.05 In Private Placement           |   |        | 8,274,000  |   |
| Common Stock Issued for Cash at $0.075 In Private Placement          |   |        | 870,000    |   |
| Common Stock Issued for Cash at $0.10 In Private Placement           |   |        | 150,000    |   |
| Common Stock Issued for Cash at $0.15 In Private Placement           |   |        | 416,000    |   |
| Common Stock Issued for services at $0.017                           |   |        | 750,000    |   |
| Common Stock Issued for services at $0.02                            |   |        | 3,500,000  |   |
| Common Stock Issued for services at $0.021                           |   |        | 4,250,000  |   |
| Common Stock Issued for services at $0.024                           |   |        | 2,500,000  |   |
| Common Stock Issued for services at $0.025                           |   |        | 1,000,000  |   |
| Common Stock Issued for services at $0.029                           |   |        | 581,396    |   |
| Common Stock Issued for services at $0.03                            |   |        | 10,000,000 |   |
| Common Stock Issued for services at $0.036                           |   |        | 11,000,000 |   |
| Common Stock Issued for services at $0.05                            |   |        | 3,100,000  |   |
| Common Stock Issued for services at $0.075                           |   |        | 838,000    |   |
| Common Stock Issued for services at $0.08                            |   |        | 4,147,000  |   |
| Common Stock Issued for services at $0.086                           |   |        | 2,000,000  |   |
| Common Stock Issued for services at $0.10                            |   |        | 150,000    |   |
| Common Stock Issued in Exercise of Share Purchase Warrants at $0.085 |   |        | 33,930     |   |
|      Total                                  |   |        | 74,282,326 |   |

| Description                                                          |   | # of shares |       |
|----------------------------------------------------------------------|--------|-------------|------------|
| Common Stock Issued for Cash at $0.15 in Private Placement           |   |        | 17,561,665 |   |
| Common Stock Issued for Cash at $0.02 in Private Placement           |   |        | 1,605,000  |   |
| Common Stock Issued for Cash at $0.022 in Private Placement          |   |        | 3,050,000  |   |
| Common Stock Issued for Cash at $0.025 in Private Placement          |   |        | 700,000    |   |
| Common Stock Issued for Cash at $0.033 in Private Placement          |   |        | 300,000    |   |
| Common Stock Issued for Cash at $0.035 in Private Placement          |   |        | 240,000    |   |
| Common Stock Issued for Cash at $0.04 in Private Placement           |   |        | 1,125,000  |   |
| Common Stock Issued for Cash at $0.045 in Private Placement          |   |        | 7,047,300  |   |
| Common Stock Issued for Cash at $0.05 in Private Placement           |   |        | 1,090,000  |   |
| Common Stock Issued for services at $0.02                            |   |        | 1,000,000  |   |
| Common Stock Issued for services at $0.028                           |   |        | 8,400,000  |   |
| Common Stock Issued for services at $0.032                           |   |        | 1,500,000  |   |
| Common Stock Issued for services at $0.035                           |   |        | 12,500     |   |
| Common Stock Issued for services at $0.047                           |   |        | 100,000    |   |
| Common Stock Issued for services  at $0.050                     |   |        | 750,000    |   |
| Common Stock Issued for services  at $0.065                     |   |        | 60,000     |   |
| Common Stock Issued for services  at $0.083                     |   |        | 66,666     |   |
| Common Stock Issued for Cash at $0.035 in Private Placement          |   |        | 314,300    |   |
| Common Stock Issued for Cash at $0.045 in Private Placement          |   |        | 2,872,400  |   |
| Common Stock Issued for services at $0.041                           |   |        | 1,850,000  |   |
| Common Stock Issued for services at $0.050                           |   |        | 250,000    |   |
| Common Stock Issued for Cash at $0.05 in Private Placement           |   |        | 440,000    |   |
| Common Stock Issued for settlement of lawsuit at $0.05               |   |        | 1,000,000  |   |
| Common Stock Issued for services at $0.048                           |   |        | 500,000    |   |
| Cancellation of Issued Common Stock due to non-payment on receivable |   |        | (996,700   | ) |
| Common Stock Issued for services at $0.043                           |   |        | 300,000    |   |
| Total                                                                |   |        | 51,138,131 |   |

----

| 1.   | located all of the sample pulps from the historic (1985-1987) Noranda Minerals drilling in the Independence Gold Skarn target in the Independence Deep Target on our Independence Mine Property and inventoried this pulp library. |
|----------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 2.   | validated the data base for the Independence Skarn assays. |
|----------------|------------------------------------------------------------|

| 3.   | released the diamond drill results from the high grade Independence Gold Skarn Target at our Independence property in the Battle Mountain Mining District of Nevada. These intercepts are historic in nature and from diamond drilling conducted by Noranda Minerals from 1985 through 1989 and Great Basin Gold Corp. in 1998. Except for Great Basin Gold drill hole WI-001, none of these results have been previously disclosed. |
|----------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 4.   | secured Great Basin Pulps from the High Grade Independence Gold Skarn Target |
|----------------|------------------------------------------------------------------------------|

| 5.   | through analysis and modeling of the Noranda and Great Basin Gold drilling in the Independence Gold Skarn system, identified a target more than half a mile wide and three quarters of a mile long which contains three highly prospective structural / stratigraphic zones. |
|----------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 6.   | completed the baseline environmental surveys recently including flora, fauna and bat studies.  The reports of these studies are in our company’s files. |
|----------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 7.   | collected characterization samples to define appropriate material for bulk samples to be used in advanced metallurgical studies, received the assay results and selected the appropriate material for two bulk samples |
|----------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 8.   | received the check assay results required to validate the 2007-2008 drilling results under evaluation for the Independent Report. These results are being evaluated by our company's independent qualified person. |
|----------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 9.   | appointed Henry S. Brock, CPA, MBA, CLU, ChFC to our Advisory Board and as Vice President of our company |
|----------------|----------------------------------------------------------------------------------------------------------|

----

| 1.   | completed the QA/QC on all final re-assays for the major mineralized drill intercepts in the Independence Gold Skarn in the Independence Deep Target. The results correlate exceptionally well with original drill data by Noranda Exploration and Great Basin Gold. Re-assay of Noranda Exploration pulps from their 1984 - 1987 diamond core drilling program returned results that were consistently higher than original assays and on average four percent (4%) higher in grade than the original assays.  Importantly, drift in higher grade samples consistently showed that the original Noranda assays underreported the gold content of the gold skarn as shown in Chart 1 below. |
|----------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 2.   | collected and delivered two bulk samples of surface oxide mineralization for metallurgical testing including column leach tests at the Independence. The samples were collected under the supervision of personnel from McClelland Laboratories Inc. (McClelland) of Sparks, Nevada. Each sample weighed approximately 2 1/2 tons and both samples have been delivered to McClelland for processing. |
|----------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 3.   | through General Gold Corporation, our wholly owned subsidiary, received a grant of water rights for portions of Sections 28 and 33 (T31N, R43E), in Lander County, NV, the proposed center of the Independence Mine's process area. |
|----------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 4.   | received initial metallurgical characterization results for bulk samples of surface and near surface, oxide mineralization were completed by McClelland Metallurgical Laboratories of Sparks, Nevada during the quarter ended October 31, 2009.  Both the Hill Zone and Independence South Zone samples indicate excellent solution access regardless of feed size with the 2 inch material returning essentially identical gold extraction and recovery in the same leach time as the minus 10 mesh material as seen in the following table. |
|----------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|                   |   |   |   | Au        |   | Ag        |
|------------------------|--------|--------|--------|-----------|--------|-----------|
|                   |   | Feed   |   | Recovery, |   | Recovery, |
| Composite              |   | Size   |   | %         |   | %         |
| Sample #1 (Hill Zone)  |   | 2"     |   | 82.5      |   | 22.2      |
| Sample #1 (Hill Zone)  |   | 1"     |   | 84.2      |   | 23.1      |
| Sample #1 (Hill Zone)  |   | 1/2"   |   | 81        |   | 21.4      |
| Sample #1 (Hill Zone)  |   | 10M    |   | 82.2      |   | 48.1      |
| Average                |   |   |   | 82.5      |   | 28.7      |
| Sample #2 (South Zone) |   | 2"     |   | 63        |   | 22.2      |
| Sample #2 (South Zone) |   | 1"     |   | 58.8      |   | 27.6      |
| Sample #2 (South Zone) |   | 1/2"   |   | 61.1      |   | 30.8      |
| Sample #2 (South Zone) |   | 10M    |   | 63.6      |   | 54.7      |
| Average                |   |   |   | 61.6      |   | 33.8      |

| 5.   | instructed McClelland to proceed immediately with a large diameter column leach test on the Hill Zone.  McClelland will be conducting additional analytical and characterization work to better characterize the leach parameters to optimize leach results for the large diameter column leach in the South Zone.  Due to the exceptional recovery in the coarse fractions of the bottle rolls, column leach tests of each sample will be conducted at 2 and 6 inch. |
|----------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 6.   | received final approval and has satisfied the required bonding of the drilling permits with the Bureau of Land Management (BLM). |
|----------------|----------------------------------------------------------------------------------------------------------------------------------|

| 7.   | completed 5 of the planned 44 hole 2009 drilling which is designed with three specific objectives: |
|----------------|----------------------------------------------------------------------------------------------------|

| a.   | upgrade all the Hill Zone gold-silver mineralization into measured and indicated categories, |
|----------------|----------------------------------------------------------------------------------------------|

| b.   | provide sufficient drill density to identify higher grade zones within the Hill Zone mineralization, and |
|----------------|----------------------------------------------------------------------------------------------------------|

| c.   | provide sufficient detail to facilitate pit design and detailed mine planning. |
|----------------|--------------------------------------------------------------------------------|

----

| 1.   | successfully completed the Company's 2009 - 2010 drilling program of 12,895 feet in 44 drill holes. This drilling program augmented our drilling and added drill density to the Hill Zone area to confirm continuity of grade.  Results of the program will be released as pending final assays are received, reviewed and interpreted. |
|----------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 2.   | the significant intercepts contained in holes GM 85, 86, 87, 88, 89, 90, 91 and 92 |
|----------------|------------------------------------------------------------------------------------|

| Drill Hole              | From (ft) | To (ft) | Length | opt Au | opt Ag |
|-------------------------|-----------|---------|--------|--------|--------|
| GM-85                   | 25        | 40      | 15     | 0.034  | 0.298  |
| Also                    | 75        | 175     | 100    | 0.013  | 0.269  |
| GM-86                   | 0         | 120     | 120    | 0.015  | 0.303  |
| including               | 65        | 85      | 20     | 0.022  | 0.298  |
| GM-87                   | 0         | 75      | 75     | 0.014  | 0.308  |
| Also                    | 100       | 115     | 15     | 0.023  | 1.372  |
| GM-88                   | 95        | 290     | 195    | 0.035  | 0.527  |
| Including               | 95        | 110     | 15     | 0.069  | 0.462  |
| Including               | 140       | 150     | 10     | 0.223  | 14.24  |
| GM-89                   | 325       | 360     | 35     | 0.008  | 0.84   |
| GM-90                   | 340       | 425     | 85     | 0.18   | 0.49   |
| Bottomed at 425 feet in |      | 0.020   | 0.29   |
| GM-91                   | 0         | 85      | 85     | 0.021  | 0.37   |
| GM-92                   | 0         | 30      | 30     | 0.024  | 0.23   |
| GM-95                   | 0         | 90      | 90     | 0.010  | 0.33   |
| GM-99                   | 60        | 195     | 135    | 0.020  | 0.264  |
| Including               | 115       | 140     | 25     | 0.044  | 1.49   |

| 3.   | announced that, in keeping with its historic and ongoing efforts to maximize shareholder value, it has been reviewing highly qualified candidates to transition the Company from its current status as a junior explorer to an effective and profitable producing company. To facilitate this transition, Steve Parent has joined the Company's Advisory Board and stepped down from the Board of Directors and as President and CEO. The Board of Directors has appointed Robert Carrington to the Board of Directors and as President to assist in the transition. |
|----------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| 1.   | completed large diameter column leach tests on coarse crushed ore from the Independence which yielded greater than 90% gold extraction after a 140 day leach cycle. |
|----------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 2.   | announced the significant intercepts contained in holes GM 93, 94, 96 thru 102, 111, 112, 115, 116, 121, 122, 124,127, and 128.  These results improved the potential economics of the project. |
|----------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| Drill Hole            | From                                       | To     | Intercept | Gold   | Silver |
|-----------------------|--------------------------------------------|--------|-----------|--------|--------|
|                  | feet                                       | meters | feet      | meters | feet   | meters | opt | g/T | opt | g/T |
| GM-93                 | 180                                        | 54.9   | 245       | 74.7   | 65     | 19.8 | 0.019 | 0.710 | 0.2 | 7.471 |
| GM-94                 | 0                                          | 0      | 40        | 12     | 40     | 12 | 0.011 | 0.42 | 0.47 | 17.57 |
| GM-96                 | 0                                          | 0.0    | 25        | 7.6    | 25     | 7.6 | 0.014 | 0.53 | 0.34 | 12.85 |
| GM-97                 | 35                                         | 10.7   | 65        | 19.8   | 30     | 9.1 | 0.015 | 0.57 | 0.28 | 10.58 |
| GM-98                 | 110                                        | 34     | 200       | 61     | 90     | 27 | 0.020 | 0.76 | 0.42 | 15.52 |
|  Including       | 110                                        | 34     | 135       | 41     | 25     | 8 | 0.035 | 1.32 | 0.47 | 17.46 |
|  And             | 155                                        | 47     | 180       | 55     | 25     | 8 | 0.030 | 1.13 | 0.57 | 21.28 |
| GM-100                | 45                                         | 13.7   | 85        | 25.9   | 40     | 12.2 | 0.013 | 0.49 | 0.48 | 18.14 |
| GM-101                | 155                                        | 47.3   | 185       | 56.4   | 30     | 9.1 | 0.019 | 0.72 | 0.20 | 7.56 |
| GM-102                | 145                                        | 44     | 170       | 52     | 25     | 8 | 0.009 | 0.34 | 0.42 | 15.71 |
| GM-111                | 305                                        | 93     | 405       | 123    | 100    | 30 | 0.058 | 2.19 | 0.88 | 32.91 |
|   Including | 320                                        | 98     | 355       | 108    | 35     | 11 | 0.080 | 3.02 | 1.33 | 49.73 |
| GM-112                | 215                                        | 66     | 300       | 91     | 85     | 26 | 0.028 | 1.06 | 0.38 | 14.21 |
|  Including       | 230                                        | 70     | 265       | 81     | 35     | 11 | 0.047 | 1.78 | 0.37 | 13.84 |
| GM-115                | Bottomed at 135 feet, did not reach target |
| GM-116                | 150                                        | 45.7   | 260       | 79.3   | 110    | 33.5 | 0.018 | 0.68 | 0.16 | 6.05 |
| Including             | 230                                        | 70.1   | 245       | 74.7   | 15     | 4.6 | 0.051 | 1.93 | 0.31 | 11.71  |
| GM-121                | 295                                        | 89.9   | 310       | 94.5   | 15     | 4.6 | 0.02 | 0.747 | 0.14 | 5.229 |
| And                   | 345                                        | 105.2  | 400       | 122.0  | 55     | 16.8 | 0.02 | 0.747 | 0.54 | 20.171 |
| GM-122                | 245                                        | 75     | 270       | 82     | 25     | 8 | 0.023 | 0.87 | 0.18 | 6.77 |
|  Including       | 335                                        | 102    | 380       | 116    | 45     | 14 | 0.017 | 0.64 | 0.40 | 15.07 |
| GM-124                | 275                                        | 83.8   | 375       | 114.3  | 100    | 30.5 | 0.019 | 0.72 | 0.11 | 4.16 |
| Including             | 295                                        | 89.9   | 340       | 103.7  | 45     | 13.7 | 0.034 | 1.28 | 0.13 | 4.91 |
| GM-127                | 80                                         | 24.4   | 95        | 29.0   | 15     | 4.6 | 0.027 | 1.02 | 0.18 | 6.80 |
| Also                  | 155                                        | 47.3   | 200       | 61.0   | 45     | 13.7 | 0.260 | 9.83 | 0.13 | 4.91 |
| Including             | 155                                        | 47.3   | 165       | 50.3   | 10     | 3.0 | 0.908 | 34.31 | 0.36 | 13.60 |
| GM-128                | 295                                        | 89.9   | 525       | 160.1  | 230    | 70.1 | 0.079 | 2.99 | 0.24 | 9.07 |
| Including             | 310                                        | 94.5   | 325       | 991    | 15     | 4.6 | 1.019 | 38.51 | .99 | 37.42 |

| 3.   | reported that the State of Nevada, Division of Water Resources (NDWR) formally awarded General Metals water rights which will be immediately available to the Company upon completion of a well. |
|----------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 4.   | completed the independent Quality Assurance – Quality Control (QA – QC) assessment which confirmed that the reported results were accurate. |
|----------------|---------------------------------------------------------------------------------------------------------------------------------------------------------|

| 5.   | appointed Paul Wang to the Company's board of directors |
|----------------|---------------------------------------------------------|

----

----

----

| Direct exploration and development costs        |   |   |      |
|-------------------------------------------------|--------|--------|-----------|
| Core drilling program                           |   | $      | 500,000   |   |
| Updated Independent Technical Report            |   |   | 100,000   |   |
| Metallurgical testing programs                  |   |   | 250,000   |   |
| Additional permitting costs                |   |   | 500,000   |   |
| Land Payments                                   |   |   | 20,000    |   |
| Contingency                                     |   |   | 60,000    |   |
|                                            |   |   |      |   |
| Total direct exploration and development costs  |   |   | 1,430,000 |   |
|                                            |   |   |      |   |
| Indirect costs                                  |   |   |      |   |
| Office rent and other operating expenses        |   |   | 50,000    |   |
| Wages and salaries and payroll related expenses |   |   | 200,000   |   |
| Insurance expenses                              |   |   | 140,000   |   |
| Other general and administrative expenses       |   |   | 150,000   |   |
| Legal expenses                                  |   |   | 30,000    |   |
|                                            |   |   |      |   |
|                                            |   |   |      |   |
| Total indirect costs                            |   |   | 570,000   |   |
|                                            |   |   |      |   |
| Total budget for the next twelve months         |   | $      | 2,000,000 |   |

----

----

|               |   | Year EndedApril 30 |      |
|--------------------|--------|--------------------|-----------|
|               |   | 2010               |      |   | 2009 |   |
| Revenue            |   | $                  | Nil       |   |   | $ | Nil |   |
| Operating Expenses |   | $                  | 2,174,972 |   |   | $ | 2,720,879 |   |
| Net Loss           |   | $                  | 3,475,281 |   |   | $ | 1,476,327 |   |

|                          |   | Year EndedApril 30 |    |
|-------------------------------|--------|--------------------|---------|
|                          |   | 2010               |    |   | 2009 |   |
| Depreciation and amortization |   | $                  | 7,255   |   |   | $ | 6,431 |   |
| General and administrative    |   | $                  | 199,676 |   |   | $ | 178,730 |   |
| Management and consulting     |   | $                  | 874,227 |   |   | $ | 1,433,495 |   |
| Exploration and development   |   | $                  | 909,728 |   |   | $ | 994,335 |   |
| Professional fees             |   | $                  | 184,086 |   |   | $ | 107,888 |   |

----

| Cash Flows                                    |   |               |      |   |   |   |
|-----------------------------------------------|--------|--------------------|-----------|--------|--------|--------|
|                                          |   | Year EndedApril 30 |      |
|                                          |   | 2010               |      |   | 2009   |   |
| Net Cash Used by Operating Activities         |   | $                  | 1,138,854 |   |   | $      | 789,424 |   |
| Net Cash Used by Investing Activities         |   | $                  | 8,987     |   |   | $      | 55,267 |   |
| Net Cash Provided by Financing Activities     |   | $                  | 1,177,534 |   |   | $      | 807,034 |   |
| Increase/(Decrease) In Cash During The Period |   | $                  | 29,963    |   |   | $      | (37,657 | ) |

----

----

----

|                                                           |   | April 30 2010 |       |   | April 30 2009 |   |
|----------------------------------------------------------------|--------|---------------|------------|--------|---------------|--------|
| ASSETS                                                         |   |          |       |   |          |   |
| Current assets                                                 |   |          |       |   |          |   |
| Cash and cash equivalents                                      |   | $             | 9,636      |   |          | $      | - |   |
| Short-term investments                                         |   |          | 177,796    |   |          |   | 1,275,000 |   |
| Prepaid expenses                                               |   |          | 24,650     |   |          |   | 379,019 |   |
| Other receivables (net)                                        |   |          | -          |   |          |   | 237,500 |   |
| Other current assets                                           |   |          | -          |   |          |   | 245 |   |
|                                                           |   |          |       |   |          |   |   |   |
| Total current assets                                           |   |          | 212,082    |   |          |   | 1,891,764 |   |
|                                                           |   |          |       |   |          |   |   |   |
| Other assets                                                   |   |          |       |   |          |   |   |   |
| Land                                                           |   |          | 67,742     |   |          |   | 67,767 |   |
| Mineral property                                               |   |          | 613,941    |   |          |   | 613,941 |   |
| Property and equipment, net                                    |   |          | 16,296     |   |          |   | 25,733 |   |
| Other assets                                                   |   |          | 37,800     |   |          |   | 17,444 |   |
|                                                           |   |          |       |   |          |   |   |   |
| Total other assets                                             |   |          | 735,779    |   |          |   | 724,885 |   |
|                                                           |   |          |       |   |          |   |   |   |
| Total assets                                                   |   | $             | 947,861    |   |          | $      | 2,616,649 |   |
|                                                           |   |          |       |   |          |   |   |   |
| LIABILITIES AND STOCKHOLDERS' EQUITY/(DEFICIT)                 |   |          |       |   |          |   |   |   |
|                                                           |   |          |       |   |          |   |   |   |
| Current Liabilities                                            |   |          |       |   |          |   |   |   |
| Cash deficit                                                   |   | $             | -          |   |          | $      | 20,057 |   |
| Notes payable, current portion                                 |   |          | 106,750    |   |          |   | 2,898 |   |
| Accounts payable                                               |   |          | 610,326    |   |          |   | 372,362 |   |
| Accrued liabilities                                            |   |          | 120,439    |   |          |   | 216,974 |   |
| Accounts payable to related parties                            |   |          | 95,163     |   |          |   | 93,066 |   |
| Loan from related parties                                      |   |          | 48,800     |   |          |   | 33,680 |   |
|                                                           |   |          |       |   |          |   |   |   |
| Total current liabilities                                      |   |          | 981,478    |   |          |   | 739,037 |   |
|                                                           |   |          |       |   |          |   |   |   |
| Long-term liabilities                                          |   |          |       |   |          |   |   |   |
| Notes payable, net of current portion                          |   |          | 42,155     |   |          |   | 44,143 |   |
|                                                           |   |          |       |   |          |   |   |   |
| Total long-term liabilities                                    |   |          | 42,155     |   |          |   | 44,143 |   |
|                                                           |   |          |       |   |          |   |   |   |
| Total liabilities                                              |   |          | 1,023,633  |   |          |   | 783,180 |   |
|                                                           |   |          |       |   |          |   |   |   |
| Commitments and Contingencies                                  |   |          |       |   |          |   |   |   |
|                                                           |   |          |       |   |          |   |   |   |
| Stockholders' equity/(deficit)                                 |   |          |       |   |          |   |   |   |
| 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 April 30, 2010 and April 30, 2009    |   |          |       |   |          |   |   |   |
| is 219,321,625 and 168,183,494 respectively                    |   |          | 219,322    |   |          |   | 168,184 |   |
|                                                           |   |          |       |   |          |   |   |   |
| Additional paid-in capital                                     |   |          | 9,388,630  |   |          |   | 7,974,740 |   |
| Subscriptions (receivable)                                     |   |          | (25,000    | )      |          |   | (151,012 | ) |
| Accumulated other comprehensive income                         |   |          | -          |   |          |   | 25,000 |   |
| Accumulated deficit during exploration stage                   |   |          | (9,658,724 | )      |          |   | (6,183,443 | ) |
|                                                           |   |          |       |   |          |   |   |   |
| Total stockholders' equity/(deficit)                           |   |          | (75,772    | )      |          |   | 1,833,469 |   |
|                                                           |   |          |       |   |          |   |   |   |
| Total liabilities and stockholders' equity/(deficit)           |   | $             | 947,861    |   |          | $      | 2,616,649 |   |

----

|                                           |   |   |                             |   |   |   |               |   |   |   | March 15, 2006  |   |
|------------------------------------------------|--------|--------|----------------------------------|--------|--------|--------|--------------------|--------|--------|--------|----------------------|--------|
|                                           |   |   |                             |   |   |   |               |   |   |   | (Inception)     |   |
|                                           |   |   | Year ended April 30,   |   |   |   | to April 30,  |   |
|                                           |   |   | 2010                        |   |   |   | 2009          |   |   |   | 2010                 |   |
| Revenue                                        |   | $      | -                                |   |   | $      | -                  |   |   | $      | -                    |   |
|                                           |   |   |                             |   |   |   |               |   |   |   |                 |   |
| Operating expenses                             |   |   |                             |   |   |   |               |   |   |   |                 |   |
| Depreciation and amortization                  |   |   | 7,255                            |   |   |   | 6,431              |   |   |   | 24,570               |   |
| General and administrative                     |   |   | 198,426                          |   |   |   | 178,730            |   |   |   | 1,324,035            |   |
| Management and consulting                      |   |   | 874,227                          |   |   |   | 1,433,495          |   |   |   | 5,145,996            |   |
| Exploration and development                    |   |   | 909,728                          |   |   |   | 994,335            |   |   |   | 2,562,238            |   |
| Professional fees                              |   |   | 184,086                          |   |   |   | 107,888            |   |   |   | 545,502              |   |
|                                           |   |   |                             |   |   |   |               |   |   |   |                 |   |
| Total expenses                                 |   |   | 2,173,722                        |   |   |   | 2,720,879          |   |   |   | 9,602,341            |   |
|                                           |   |   |                             |   |   |   |               |   |   |   |                 |   |
| (Loss) from operations                         |   |   | (2,173,722                       | )      |   |   | (2,720,879         | )      |   |   | (9,602,341           | )      |
|                                           |   |   |                             |   |   |   |               |   |   |   |                 |   |
| Other income (expenses)                        |   |   |                             |   |   |   |               |   |   |   |                 |   |
| Interest expense                               |   |   | (6,923                           | )      |   |   | (14,227            | )      |   |   | (23,026              | )      |
| Other income                                   |   |   | 7,200                            |   |   |   | 2,500              |   |   |   | 12,200               |   |
| Gain on sale of fixed assets                   |   |   |                             |   |   |   |               |   |   |   | -                    |   |
| Gain on sale of mineral properties             |   |   | -                                |   |   |   | 1,249,072          |   |   |   | 1,249,072            |   |
| Realized (loss) on sale of investments         |   |   | (77,489                          | )      |   |   | -                  |   |   |   | (77,489              | )      |
| Other than temporary impairment of investments |   |   | (1,224,302                       | )      |   |   |               |   |   |   | (1,224,302           | )      |
| Gain/(loss) on foreign currency exchange       |   |   | (45                              | )      |   |   | 7,207              |   |   |   | 7,162                |   |
|                                           |   |   |                             |   |   |   |               |   |   |   |                 |   |
| (Loss) before income taxes                     |   |   | (3,475,281                       | )      |   |   | (1,476,327         | )      |   |   | (9,658,724           | )      |
|                                           |   |   |                             |   |   |   |               |   |   |   |                 |   |
| Provision for income taxes                     |   |   | -                                |   |   |   | -                  |   |   |   | -                    |   |
|                                           |   |   |                             |   |   |   |               |   |   |   |                 |   |
| Net (loss)                                     |   | $      | (3,475,281                       | )      |   | $      | (1,476,327         | )      |   | $      | (9,658,724           | )      |
|                                           |   |   |                             |   |   |   |               |   |   |   |                 |   |
| Loss per common share:                         |   |   |                             |   |   |   |               |   |   |   |                 |   |
| Basic & Diluted                            |   | $      | (0.02                            | )      |   | $      | (0.01              | )      |   |   |                 |   |
|                                           |   |   |                             |   |   |   |               |   |   |   |                 |   |
| Weighted average shares outstanding:           |   |   |                             |   |   |   |               |   |   |   |                 |   |
| Basic & Diluted                            |   |   | 210,780,419                      |   |   |   | 120,708,380        |   |   |   |                 |   |

----

|                                   |   |         |       |   |   |    |   | (Deficit)     |      |        |   |          |   |
|----------------------------------------|--------|--------------|------------|--------|--------|---------|--------|---------------|-----------|-------------|--------|---------------|--------|
|                                   |   |         |       |   |   |    |   | Accumulated   |      | Accumulated |   |          |   |
|                                   |   | Common Stock |       |   |   | Stock   |   | During        |      | Other       |   | Total         |   |
|                                   |   | Issued       |       |   |   | Paid in |   | Subscriptions |      | Exploration |   | Comprehensive |   | Equity/ |   |
|                                   |   | Shares       |       | Amount |   | Capital |   | (Receivable)  |      | Stage       |   | Income/(Loss) |   | (Deficit) |   |
|                                   |   |         |       |   |   |    |   |          |      |        |   |          |   |   |   |
| 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  |   |         | 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      |   |         | 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                |   |         | 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       |   |         |       |   |   |    |   |          | 1,447,734 |        |   |          |   |   |   |   |   |   |   |   | 1,447,734 |   |
| Net (Loss)                             |   |         |       |   |   |    |   |          |      |        |   |          |   |   | (2,087,666 | ) |   |   |   |   | (2,087,666 | ) |

----

|   |   |   |         |   |   |   |   |   |    |   |   | (Deficit)     |   |   |        |   |   |          |   |
|--------|--------|--------|--------------|--------|--------|--------|--------|--------|---------|--------|--------|---------------|--------|--------|-------------|--------|--------|---------------|--------|
|   |   |   |         |   |   |   |   |   |    |   |   | Accumulated   |   |   | Accumulated |   |   |          |   |
|   |   |   | Common Stock |   |   |   |   |   | Stock   |   |   | During        |   |   | Other       |   |   | Total         |   |
|   |   |   | Issued       |   |   |   |   |   | Paid in |   |   | Subscriptions |   |   | Exploration |   |   | Comprehensive |   |   | Equity/ |   |
|   |   |   | Shares       |   |   | Amount |   |   | Capital |   |   | (Receivable)  |   |   | Stage       |   |   | Income/(Loss) |   |   | (Deficit) |   |

| Balance, April 30, 2007                  |   |   | 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         |   |   |       |   |   |   |   |   | 139,333   |   |   |     |   |   |       |   |   |   |   |   | 139,333    |   |
| Net (Loss)                               |   |   |       |   |   |   |   |   |      |   |   |     |   |   | (1,982,382 | )      |   |   |   |   | (1,982,382 | )      |

----

|   |   |   |         |   |   |   |   |   |    |   |   | (Deficit)     |   |   |        |   |   |          |   |
|--------|--------|--------|--------------|--------|--------|--------|--------|--------|---------|--------|--------|---------------|--------|--------|-------------|--------|--------|---------------|--------|
|   |   |   |         |   |   |   |   |   |    |   |   | Accumulated   |   |   | Accumulated |   |   |          |   |
|   |   |   | Common Stock |   |   |   |   |   | Stock   |   |   | During        |   |   | Other       |   |   | Total         |   |
|   |   |   | Issued       |   |   |   |   |   | Paid in |   |   | Subscriptions |   |   | Exploration |   |   | Comprehensive |   |   | Equity/ |   |
|   |   |   | Shares       |   |   | Amount |   |   | Capital |   |   | (Receivable)  |   |   | Stage       |   |   | Income/(Loss) |   |   | (Deficit) |

| Balance, April 30, 2008                      |   |   | 93,901,168 |   | $      | 93,902 |   | $      | 5,466,530 |   | $      | (5,500  | )      | $      | (4,707,116 | )      | $      | -      |   | $      | 847,816    |   |
|----------------------------------------------|--------|--------|------------|--------|--------|--------|--------|--------|-----------|--------|--------|---------|--------|--------|------------|--------|--------|--------|--------|--------|------------|--------|
|                                         |   |   |       |   |   |   |   |   |      |   |   |    |   |   |       |   |   |   |   |   |       |   |
| Common Stock Issued for Cash at $0.14        |   |   |       |   |   |   |   |   |      |   |   |    |   |   |       |   |   |   |   |   |       |   |
| In Private Placement                         |   |   | 7,000,000  |   |   | 7,000  |   |   | 93,000    |   |   | (95,000 | )      |   |       |   |   |   |   |   | 5,000      |   |
| Common Stock Issued for Cash at $0.15        |   |   |       |   |   |   |   |   |      |   |   |    |   |   |       |   |   |   |   |   |       |   |
| In Private Placement                         |   |   | 2,000,000  |   |   | 2,000  |   |   | 28,000    |   |   | (14,387 | )      |   |       |   |   |   |   |   | 15,613     |   |
| Common Stock Issued for Cash at $0.18        |   |   |       |   |   |   |   |   |      |   |   |    |   |   |       |   |   |   |   |   |       |   |
| In Private Placement                         |   |   | 1,000,000  |   |   | 1,000  |   |   | 16,500    |   |   |    |   |   |       |   |   |   |   |   | 17,500     |   |
| Common Stock Issued for Cash at $0.2         |   |   |       |   |   |   |   |   |      |   |   |    |   |   |       |   |   |   |   |   |       |   |
| In Private Placement                         |   |   | 8,400,000  |   |   | 8,400  |   |   | 159,600   |   |   | (15,000 | )      |   |       |   |   |   |   |   | 153,000    |   |
| Common Stock Issued for Cash at $0.25        |   |   |       |   |   |   |   |   |      |   |   |    |   |   |       |   |   |   |   |   |       |   |
| In Private Placement                         |   |   | 2,502,000  |   |   | 2,502  |   |   | 59,998    |   |   | (1,000  | )      |   |       |   |   |   |   |   | 61,500     |   |
| Common Stock Issued for Cash at $0.05        |   |   |       |   |   |   |   |   |      |   |   |    |   |   |       |   |   |   |   |   |       |   |
| In Private Placement                         |   |   | 8,274,000  |   |   | 8,274  |   |   | 380,326   |   |   | (34,000 | )      |   |       |   |   |   |   |   | 354,600    |   |
| Common Stock Issued for Cash at $0.075       |   |   |       |   |   |   |   |   |      |   |   |    |   |   |       |   |   |   |   |   |       |   |
| In Private Placement                         |   |   | 870,000    |   |   | 870    |   |   | 64,280    |   |   |    |   |   |       |   |   |   |   |   | 65,150     |   |
| Common Stock Issued for Cash at $0.10        |   |   |       |   |   |   |   |   |      |   |   |    |   |   |       |   |   |   |   |   |       |   |
| In Private Placement                         |   |   | 150,000    |   |   | 150    |   |   | 14,850    |   |   |    |   |   |       |   |   |   |   |   | 15,000     |   |
| Common Stock Issued for Cash at $0.15        |   |   |       |   |   |   |   |   |      |   |   |    |   |   |       |   |   |   |   |   |       |   |
| In Private Placement                         |   |   | 416,000    |   |   | 416    |   |   | 30,784    |   |   |    |   |   |       |   |   |   |   |   | 31,200     |   |
| Common Stock Issued in Exercise of           |   |   |       |   |   |   |   |   |      |   |   |    |   |   |       |   |   |   |   |   |       |   |
| Share Purchase warrants at $0.085            |   |   | 33,930     |   |   | 34     |   |   | 2,841     |   |   | (625    | )      |   |       |   |   |   |   |   | 2,250      |   |
| Common Stock Issued for services             |   |   |       |   |   |   |   |   |      |   |   |    |   |   |       |   |   |   |   |   |       |   |
| $ at 0.017                                   |   |   | 750,000    |   |   | 750    |   |   | 12,250    |   |   |    |   |   |       |   |   |   |   |   | 13,000     |   |
| Common Stock Issued for services             |   |   |       |   |   |   |   |   |      |   |   |    |   |   |       |   |   |   |   |   |       |   |
| $ at 0.02                                    |   |   | 3,500,000  |   |   | 3,500  |   |   | 66,500    |   |   |    |   |   |       |   |   |   |   |   | 70,000     |   |
| Common Stock Issued for services             |   |   |       |   |   |   |   |   |      |   |   |    |   |   |       |   |   |   |   |   |       |   |
| $ at 0.021                                   |   |   | 4,250,000  |   |   | 4,250  |   |   | 85,000    |   |   |    |   |   |       |   |   |   |   |   | 89,250     |   |
| Common Stock Issued for services             |   |   |       |   |   |   |   |   |      |   |   |    |   |   |       |   |   |   |   |   |       |   |
| $ at 0.024                                   |   |   | 2,500,000  |   |   | 2,500  |   |   | 57,500    |   |   |    |   |   |       |   |   |   |   |   | 60,000     |   |
| Common Stock Issued for services             |   |   |       |   |   |   |   |   |      |   |   |    |   |   |       |   |   |   |   |   |       |   |
| $ at 0.025                                   |   |   | 1,000,000  |   |   | 1,000  |   |   | 24,000    |   |   |    |   |   |       |   |   |   |   |   | 25,000     |   |
| Common Stock Issued for services             |   |   |       |   |   |   |   |   |      |   |   |    |   |   |       |   |   |   |   |   |       |   |
| $ at 0.029                                   |   |   | 581,396    |   |   | 581    |   |   | 20,326    |   |   |    |   |   |       |   |   |   |   |   | 20,907     |   |
| Common Stock Issued for services             |   |   |       |   |   |   |   |   |      |   |   |    |   |   |       |   |   |   |   |   |       |   |
| $ at 0.03                                    |   |   | 10,000,000 |   |   | 10,000 |   |   | 290,000   |   |   |    |   |   |       |   |   |   |   |   | 300,000    |   |
| Common Stock Issued for services             |   |   |       |   |   |   |   |   |      |   |   |    |   |   |       |   |   |   |   |   |       |   |
| $ at 0.036                                   |   |   | 11,000,000 |   |   | 11,000 |   |   | 385,000   |   |   |    |   |   |       |   |   |   |   |   | 396,000    |   |
| Common Stock Issued for services             |   |   |       |   |   |   |   |   |      |   |   |    |   |   |       |   |   |   |   |   |       |   |
| $ at 0.05                                    |   |   | 3,100,000  |   |   | 3,100  |   |   | 151,900   |   |   |    |   |   |       |   |   |   |   |   | 155,000    |   |
| Common Stock Issued for services             |   |   |       |   |   |   |   |   |      |   |   |    |   |   |       |   |   |   |   |   |       |   |
| $ at 0.075                                   |   |   | 838,000    |   |   | 838    |   |   | 61,912    |   |   |    |   |   |       |   |   |   |   |   | 62,750     |   |
| Common Stock Issued for services             |   |   |       |   |   |   |   |   |      |   |   |    |   |   |       |   |   |   |   |   |       |   |
| $ at 0.08                                    |   |   | 4,147,000  |   |   | 4,147  |   |   | 327,613   |   |   |    |   |   |       |   |   |   |   |   | 331,760    |   |
| Common Stock Issued for services             |   |   |       |   |   |   |   |   |      |   |   |    |   |   |       |   |   |   |   |   |       |   |
| $ at 0.086                                   |   |   | 2,000,000  |   |   | 2,000  |   |   | 170,000   |   |   |    |   |   |       |   |   |   |   |   | 172,000    |   |
| Common Stock Issued for services             |   |   |       |   |   |   |   |   |      |   |   |    |   |   |       |   |   |   |   |   |       |   |
| $ at 0.10                                    |   |   | 150,000    |   |   | 150    |   |   | 14,850    |   |   |    |   |   |       |   |   |   |   |   | 15,000     |   |
| Cancellation of Issued Common Stock          |   |   |       |   |   |   |   |   |      |   |   |    |   |   |       |   |   |   |   |   |       |   |
| due to non-payment on receivable             |   |   | (180,000   | )      |   | (180   | )      |   | (8,820    | )      |   | 9,000   |   |   |       |   |   |   |   |   | -          |   |
| Cash Received for Subscriptions              |   |   |       |   |   |   |   |   |      |   |   |    |   |   |       |   |   |   |   |   |       |   |
| Receivable                                   |   |   |       |   |   |   |   |   |      |   |   | 5,500   |   |   |       |   |   |   |   |   | 5,500      |   |
| Unrealized Gain/(Loss) on Available-for-sale |   |   |       |   |   |   |   |   |      |   |   |    |   |   |       |   |   | 25,000 |   |   |       |   |
| Securities (net of tax)                      |   |   |       |   |   |   |   |   |      |   |   |    |   |   |       |   |   |   |   |   |       |   |
| Net (Loss)                                   |   |   |       |   |   |   |   |   |      |   |   |    |   |   | (1,476,327 | )      |   |   |   |   |       |   |
| Total comprehensive income (loss)            |   |   |       |   |   |   |   |   |      |   |   |    |   |   |       |   |   |   |   |   | (1,451,327 | )      |

----

|   |   |   |         |   |   |   |   |   |    |   |   | (Deficit)     |   |   |        |   |   |          |   |
|--------|--------|--------|--------------|--------|--------|--------|--------|--------|---------|--------|--------|---------------|--------|--------|-------------|--------|--------|---------------|--------|
|   |   |   |         |   |   |   |   |   |    |   |   | Accumulated   |   |   | Accumulated |   |   |          |   |
|   |   |   | Common Stock |   |   |   |   |   | Stock   |   |   | During        |   |   | Other       |   |   | Total         |   |
|   |   |   | Issued       |   |   |   |   |   | Paid in |   |   | Subscriptions |   |   | Exploration |   |   | Comprehensive |   |   | Equity/ |   |
|   |   |   | Shares       |   |   | Amount |   |   | Capital |   |   | (Receivable)  |   |   | Stage       |   |   | Income/(Loss) |   |   | (Deficit) |

| Balance, April 30, 2009                          |   |   | 168,183,494 |   |   | 168,184 |   |   | 7,974,740 |   |   | (151,012 | )      |   | (6,183,443 | )      |   | 25,000  |   |   | 1,833,469  |   |
|--------------------------------------------------|--------|--------|-------------|--------|--------|---------|--------|--------|-----------|--------|--------|----------|--------|--------|------------|--------|--------|---------|--------|--------|------------|--------|
|                                             |   |   |        |   |   |    |   |   |      |   |   |     |   |   |       |   |   |    |   |   |       |   |
| Common Stock Issued for Cash at $0.015           |   |   |        |   |   |    |   |   |      |   |   |     |   |   |       |   |   |    |   |   |       |   |
| In Private Placement                             |   |   | 17,561,665  |   |   | 17,562  |   |   | 245,863   |   |   | (16,250  | )      |   |       |   |   |    |   |   | 247,175    |   |
| Common Stock Issued for Cash at $0.02            |   |   |        |   |   |    |   |   |      |   |   |     |   |   |       |   |   |    |   |   |       |   |
| In Private Placement                             |   |   | 1,605,000   |   |   | 1,605   |   |   | 30,495    |   |   | (1,700   | )      |   |       |   |   |    |   |   | 30,400     |   |
| Common Stock Issued for Cash at $0.022           |   |   |        |   |   |    |   |   |      |   |   |     |   |   |       |   |   |    |   |   |       |   |
| In Private Placement                             |   |   | 3,050,000   |   |   | 3,050   |   |   | 64,710    |   |   | -        |   |   |       |   |   |    |   |   | 67,760     |   |
| Common Stock Issued for Cash at $0.025           |   |   |        |   |   |    |   |   |      |   |   |     |   |   |       |   |   |    |   |   |       |   |
| In Private Placement                             |   |   | 700,000     |   |   | 700     |   |   | 16,800    |   |   | -        |   |   |       |   |   |    |   |   | 17,500     |   |
| Common Stock Issued for Cash at $0.033           |   |   |        |   |   |    |   |   |      |   |   |     |   |   |       |   |   |    |   |   |       |   |
| In Private Placement                             |   |   | 300,000     |   |   | 300     |   |   | 9,700     |   |   | -        |   |   |       |   |   |    |   |   | 10,000     |   |
| Common Stock Issued for Cash at $0.035           |   |   |        |   |   |    |   |   |      |   |   |     |   |   |       |   |   |    |   |   |       |   |
| In Private Placement                             |   |   | 240,000     |   |   | 240     |   |   | 8,160     |   |   | -        |   |   |       |   |   |    |   |   | 8,400      |   |
| Common Stock Issued for Cash at $0.04            |   |   |        |   |   |    |   |   |      |   |   |     |   |   |       |   |   |    |   |   |       |   |
| In Private Placement                             |   |   | 1,125,000   |   |   | 1,125   |   |   | 43,875    |   |   | (12,900  | )      |   |       |   |   |    |   |   | 32,100     |   |
| Common Stock Issued for Cash at $0.045           |   |   |        |   |   |    |   |   |      |   |   |     |   |   |       |   |   |    |   |   |       |   |
| In Private Placement                             |   |   | 7,047,300   |   |   | 7,048   |   |   | 310,100   |   |   | (30,422  | )      |   |       |   |   |    |   |   | 286,726    |   |
| Common Stock Issued for Cash at $0.05            |   |   |        |   |   |    |   |   |      |   |   |     |   |   |       |   |   |    |   |   |       |   |
| In Private Placement                             |   |   | 1,090,000   |   |   | 1,090   |   |   | 53,410    |   |   |     |   |   |       |   |   |    |   |   | 54,500     |   |
| Common Stock Issued for services                 |   |   |        |   |   |    |   |   |      |   |   |     |   |   |       |   |   |    |   |   |       |   |
| $ at 0.02                                        |   |   | 1,000,000   |   |   | 1,000   |   |   | 19,000    |   |   |     |   |   |       |   |   |    |   |   | 20,000     |   |
| Common Stock Issued for services                 |   |   |        |   |   |    |   |   |      |   |   |     |   |   |       |   |   |    |   |   |       |   |
| $ at 0.028                                       |   |   | 8,400,000   |   |   | 8,400   |   |   | 226,800   |   |   |     |   |   |       |   |   |    |   |   | 235,200    |   |
| Common Stock Issued for services                 |   |   |        |   |   |    |   |   |      |   |   |     |   |   |       |   |   |    |   |   |       |   |
| $ at 0.032                                       |   |   | 1,500,000   |   |   | 1,500   |   |   | 46,500    |   |   |     |   |   |       |   |   |    |   |   | 48,000     |   |
| Common Stock Issued for services                 |   |   |        |   |   |    |   |   |      |   |   |     |   |   |       |   |   |    |   |   |       |   |
| $ at 0.035                                       |   |   | 12,500      |   |   | 12      |   |   | 428       |   |   |     |   |   |       |   |   |    |   |   | 440        |   |
| Common Stock Issued for services                 |   |   |        |   |   |    |   |   |      |   |   |     |   |   |       |   |   |    |   |   |       |   |
| $ at 0.047                                       |   |   | 100,000     |   |   | 100     |   |   | 4,600     |   |   |     |   |   |       |   |   |    |   |   | 4,700      |   |
| Common Stock Issued for services                 |   |   |        |   |   |    |   |   |      |   |   |     |   |   |       |   |   |    |   |   |       |   |
| $ at 0.050                                       |   |   | 750,000     |   |   | 750     |   |   | 36,750    |   |   |     |   |   |       |   |   |    |   |   | 37,500     |   |
| Common Stock Issued for services                 |   |   |        |   |   |    |   |   |      |   |   |     |   |   |       |   |   |    |   |   |       |   |
| $ at 0.065                                       |   |   | 60,000      |   |   | 60      |   |   | 3,840     |   |   |     |   |   |       |   |   |    |   |   | 3,900      |   |
| Common Stock Issued for services                 |   |   |        |   |   |    |   |   |      |   |   |     |   |   |       |   |   |    |   |   |       |   |
| $ at 0.083                                       |   |   | 66,666      |   |   | 67      |   |   | 5,433     |   |   |     |   |   |       |   |   |    |   |   | 5,500      |   |
| Common Stock Issued for Cash at $0.035           |   |   |        |   |   |    |   |   |      |   |   |     |   |   |       |   |   |    |   |   |       |   |
| In Private Placement                             |   |   | 314,300     |   |   | 314     |   |   | 10,686    |   |   |     |   |   |       |   |   |    |   |   | 11,000     |   |
| Common Stock Issued for Cash at $0.045           |   |   |        |   |   |    |   |   |      |   |   |     |   |   |       |   |   |    |   |   |       |   |
| In Private Placement                             |   |   | 2,872,400   |   |   | 2,872   |   |   | 126,358   |   |   | (10,000  | )      |   |       |   |   |    |   |   | 119,230    |   |
| Common Stock Issued for services                 |   |   |        |   |   |    |   |   |      |   |   |     |   |   |       |   |   |    |   |   |       |   |
| $ at 0.041                                       |   |   | 1,850,000   |   |   | 1,850   |   |   | 74,000    |   |   |     |   |   |       |   |   |    |   |   | 75,850     |   |
| Common Stock Issued for services                 |   |   |        |   |   |    |   |   |      |   |   |     |   |   |       |   |   |    |   |   |       |   |
| $ at 0.050                                       |   |   | 250,000     |   |   | 250     |   |   | 12,250    |   |   |     |   |   |       |   |   |    |   |   | 12,500     |   |
| Cash Received for Subscriptions                  |   |   |        |   |   |    |   |   |      |   |   |     |   |   |       |   |   |    |   |   |       |   |
| Receivable                                       |   |   |        |   |   |    |   |   |      |   |   | 110,000  |   |   |       |   |   |    |   |   | 110,000    |   |
| Common Stock Issued for Cash at $0.05            |   |   |        |   |   |    |   |   |      |   |   |     |   |   |       |   |   |    |   |   |       |   |
| In Private Placement                             |   |   | 440,000     |   |   | 440     |   |   | 21,560    |   |   |     |   |   |       |   |   |    |   |   | 22,000     |   |
| Common Stock Issued for settlement               |   |   |        |   |   |    |   |   |      |   |   |     |   |   |       |   |   |    |   |   |       |   |
| of lawsuit at $0.05                              |   |   | 1,000,000   |   |   | 1,000   |   |   | 49,000    |   |   |     |   |   |       |   |   |    |   |   | 50,000     |   |
| Common Stock Issued for services                 |   |   |        |   |   |    |   |   |      |   |   |     |   |   |       |   |   |    |   |   |       |   |
| previously unrendered at $0.048                  |   |   | 500,000     |   |   | 500     |   |   | 23,500    |   |   |     |   |   |       |   |   |    |   |   | 24,000     |   |
| Cancellation of Issued Common Stock              |   |   |        |   |   |    |   |   |      |   |   |     |   |   |       |   |   |    |   |   |       |   |
| due to non-payment on receivable                 |   |   | (996,700    | )      |   | (997    | )      |   | (42,528   | )      |   | 43,525   |   |   |       |   |   |    |   |   | -          |   |
| Cash Received for Subscriptions                  |   |   |        |   |   |    |   |   |      |   |   |     |   |   |       |   |   |    |   |   |       |   |
| Receivable                                       |   |   |        |   |   |    |   |   |      |   |   | 24,622   |   |   |       |   |   |    |   |   | 24,622     |   |
| Common Stock Issued for services                 |   |   |        |   |   |    |   |   |      |   |   |     |   |   |       |   |   |    |   |   |       |   |
| $ at 0.043                                       |   |   | 300,000     |   |   | 300     |   |   | 12,600    |   |   |     |   |   |       |   |   |    |   |   | 12,900     |   |
| Cash Received for Subscriptions                  |   |   |        |   |   |    |   |   |      |   |   |     |   |   |       |   |   |    |   |   |       |   |
| Receivable                                       |   |   |        |   |   |    |   |   |      |   |   | 19,137   |   |   |       |   |   |    |   |   | 19,137     |   |
| Reclassification of losses on Available-for-Sale |   |   |        |   |   |    |   |   |      |   |   |     |   |   |       |   |   |    |   |   |       |   |
| Securities (net of tax)                          |   |   |        |   |   |    |   |   |      |   |   |     |   |   |       |   |   | (25,000 | )      |   | (25,000    | )      |
| Net (loss)                                       |   |   |        |   |   |    |   |   |      |   |   |     |   |   | (3,475,281 | )      |   |    |   |   |       |   |
| Total comprehensive (loss)                       |   |   |        |   |   |    |   |   |      |   |   |     |   |   |       |   |   |    |   |   | (3,475,281 | )      |
| Balance, April 30, 2010                          |   |   | 219,321,625 |   | $      | 219,322 |   | $      | 9,388,630 |   | $      | (25,000  | )      | $      | (9,658,724 | )      |   | -       |   | $      | (75,772    | )      |

----

|                                                                   |   |                 |       |   |         |   |       | March 15, 2006 |   |
|------------------------------------------------------------------------|--------|----------------------|------------|--------|--------------|--------|------------|----------------|--------|
|                                                                   |   |                 |       |   | (Inception)  |   |
|                                                                   |   | Year Ended April 30, |       |   | to April 30, |   |
|                                                                   |   | 2010                 |       |   | 2009         |   |       | 2010           |   |
| Operating activities                                                   |   |                 |       |   |         |   |       |           |   |
| Net loss                                                               |   | $                    | (3,475,281 | )      |         | $      | (1,476,327 | )              |   | $ | (9,658,724 | ) |
| Adjustments to reconcile net loss                                      |   |                 |       |   |         |   |       |           |   |   |   |   |
|    Stock issued for services                            |   |                 | 581,248    |   |         |   | 1,284,249  |           |   |   | 2,643,328 |   |
| Stock issued for payment of interest on debt                           |   |                 | -          |   |         |   | 12,750     |           |   |   | 12,750 |   |
| Non-cash financing costs                                               |   |                 | -          |   |         |   | 46,234     |           |   |   | 46,234 |   |
| Realized loss on sale of investments                                   |   |                 | 77,489     |   |         |   | -          |           |   |   | 77,489 |   |
| Gain on sale of mineral property                                       |   |                 | -          |   |         |   | (1,249,072 | )              |   |   | (1,249,072 | ) |
| Depreciation and amortization                                          |   |                 | 7,255      |   |         |   | 6,431      |           |   |   | 24,570 |   |
| Stock-based compensation                                               |   |                 | 132,104    |   |         |   | -          |           |   |   | 1,719,171 |   |
| Other -than-temporary impairment of investments                        |   |                 | 1,224,302  |   |         |   | -          |           |   |   | 1,224,302 |   |
| Impairment of Long-lived assets                                        |   |                 | -          |   |         |   | 17,500     |           |   |   | 17,500 |   |
| Bad debt expense                                                       |   |                 | 22,387     |   |         |   |       |           |   |   | 22,387 |   |
| Gain on sale of fixed asset                                            |   |                 | (1,250     | )      |         |   | -          |           |   |   | (1,250 | ) |
| Changes in assets and liabilities                                      |   |                 |       |   |         |   |       |           |   |   |   |   |
|    (Increase)/decrease in other current assets          |   |                 | (22,142    | )      |         |   | (245       | )              |   |   | (22,387 | ) |
|    (Increase)/decrease in prepaid expenses              |   |                 | (10,596    | )      |         |   | 4,340      |           |   |   | (22,181 | ) |
|    Increase/(decrease) in accounts payable              |   |                 | 240,061    |   |         |   | 347,742    |           |   |   | 705,489 |   |
|    Increase/(decrease) in accrued liabilities           |   |                 | 85,569     |   |         |   | 216,974    |           |   |   | 302,543 |   |
|                                                                   |   |                 |       |   |         |   |       |           |   |   |   |   |
| Net cash used by operating activities                                  |   |                 | (1,138,854 | )      |         |   | (789,424   | )              |   |   | (4,157,851 | ) |
|                                                                   |   |                 |       |   |         |   |       |           |   |   |   |   |
| Investment activities                                                  |   |                 |       |   |         |   |       |           |   |   |   |   |
| Investments:                                                           |   |                 |       |   |         |   |       |           |   |   |   |   |
| Purchases                                                              |   |                 | (1,357     | )      |         |   | -          |           |   |   | (1,357 | ) |
| Proceeds from sales                                                    |   |                 | 9,270      |   |         |   | -          |           |   |   | 9,270 |   |
| Acquisition of mineral property                                        |   |                 | -          |   |         |   | -          |           |   |   | (78,091 | ) |
| Investment in General Copper                                           |   |                 | -          |   |         |   | -          |           |   |   | (17,500 | ) |
| Investment in Lahontan                                                 |   |                 | (2,563     | )      |         |   | -          |           |   |   | (2,563 | ) |
| Deposit on water rights                                                |   |                 | (800       | )      |         |   | -          |           |   |   | (800 | ) |
| Deposit on reclamation bond                                            |   |                 | (16,994    | )      |         |   | -          |           |   |   | (34,438 | ) |
| Proceeds from sale of mineral property                                 |   |                 | -          |   |         |   | 12,500     |           |   |   | 12,500 |   |
| Proceeds from sale of fixed asset                                      |   |                 | 8,000      |   |         |   | -          |           |   |   | 8,000 |   |
| Purchase of land                                                       |   |                 | 25         |   |         |   | (67,767    | )              |   |   | (67,742 | ) |
| Purchase of equipment                                                  |   |                 | (4,568     | )      |         |   | -          |           |   |   | (17,616 | ) |
|                                                                   |   |                 |       |   |         |   |       |           |   |   |   |   |
| Net cash used by investment activities                                 |   |                 | (8,987     | )      |         |   | (55,267    | )              |   |   | (190,337 | ) |
|                                                                   |   |                 |       |   |         |   |       |           |   |   |   |   |
| Financing activities                                                   |   |                 |       |   |         |   |       |           |   |   |   |   |
| Proceeds from loans from related parties                               |   |                 | 25,000     |   |         |   | 33,680     |           |   |   | 121,864 |   |
| Repayments of loans from related parties                               |   |                 | (9,880     | )      |         |   | -          |           |   |   | (38,064 | ) |
| Proceeds from issuance of debt                                         |   |                 | 102,800    |   |         |   | 47,041     |           |   |   | 149,841 |   |
| Repayments of debt                                                     |   |                 | (936       | )      |         |   | -          |           |   |   | (936 | ) |
| Proceeds from the sale of stock                                        |   |                 | 1,060,550  |   |         |   | 726,313    |           |   |   | 4,125,119 |   |
|                                                                   |   |                 |       |   |         |   |       |           |   |   |   |   |
| Net cash provided by financing activities                              |   |                 | 1,177,534  |   |         |   | 807,034    |           |   |   | 4,357,824 |   |
|                                                                   |   |                 |       |   |         |   |       |           |   |   |   |   |
| Net increase / (decrease) in cash                                      |   |                 | 29,693     |   |         |   | (37,657    | )              |   |   | 9,636 |   |
|                                                                   |   |                 |       |   |         |   |       |           |   |   |   |   |
| Cash, beginning of period                                              |   |                 | (20,057    | )      |         |   | 17,600     |           |   |   | - |   |
|                                                                   |   |                 |       |   |         |   |       |           |   |   |   |   |
| Cash, end of period                                                    |   | $                    | 9,636      |   |         | $      | (20,057    | )              |   | $ | 9,636 |   |
|                                                                   |   |                 |       |   |         |   |       |           |   |   |   |   |
| Supplemental Information:                                              |   |                 |       |   |         |   |       |           |   |   |   |   |
| Interest paid                                                          |   |                 |       |   |         | $      | 1,477      |           |   | $ | 3,353 |   |
| Income taxes paid                                                      |   | $                    | -          |   |         | $      | -          |           |   | $ | - |   |
|                                                                   |   |                 |       |   |         |   |       |           |   |   |   |   |
| Non-cash activities:                                                   |   |                 |       |   |         |   |       |           |   |   |   |   |
|     Stock issued for service as prepaid expenses   |   | $                    | 14,054     |   |         | $      | 367,435    |           |   | $ | 14,054 |   |
|     Stock issued to acquire mineral property lease |   | $                    | -          |   |         | $      | -          |           |   | $ | 783,687 |   |
| Stock issued for payment of interest on debt                           |   | $                    | -          |   |         | $      | 12,750     |           |   | $ | 12,750 |   |
| Stock issued as reduction of accrued expenses                          |   | $                    | 150,000    |   |         | $      | 46,234     |           |   | $ | 196,234 |   |
| Stock issued as reduction of contingent liability                      |   | $                    | 50,000     |   |         | $      | -          |           |   | $ | 50,000 |   |
|                                                                   |   |

----

----

|                           | Fiscal Year Ended |   |
|--------------------------------|-------------------|--------|
|                           | April 30,    |   | April 30, |   |
|                           | 2010              |   | 2009 |   |
| Furniture and Equipment        |              | $      | 8,848 |   |   | $ | 6,348 |   |
| Vehicles                       |              |   | 23,768 |   |   |   | 36,700 |   |
| Less: Accumulated Depreciation |              |   | (16,320 | ) |   |   | (17,315 | ) |
| Property and Equipment, Net    |              | $      | 16,296 |   |   | $ | 25,733 |   |

----

----

----

----

|                        |        |   |       |   | Net            |       |
|-----------------------------|-------------|--------|------------|--------|----------------|------------|
|                        | Unrealized  |   |       |   | Unrealized     |       |
| April 30, 2010         | Gain/(Loss) |   | Tax Effect |   | Gain/(Loss)    |       |
| Sunergy, Inc. Common Shares |        | -      |       |   | -              |       |   | - |   |
|                        | $           | -      |       | $      | -              |       | $ | - |   |
|                        |        |   |       |   |           |       |   |   |   |
|                        |        |   |       |   |           |       | Net |   |
|                        | Unrealized  |   |       |   |           | Unrealized |   |
| April 30, 2009         | Gain/(Loss) |   | Tax Effect |   | Gain/(Loss)    |       |
| Sunergy, Inc. Common Shares |        | 25,000 |       |   | –– |       |   | 25,000 |   |
|                        | $           | 25,000 |       | $      | –– |       | $ | 25,000 |   |

|                                         |   | Year ended    |       |
|----------------------------------------------|--------|--------------------|------------|
|                                         |   | April 30,2010 |       |   | April 30,2009 |   |
| Net (loss)                                   |   | $                  | (3,475,281 | ) |   | $ | (1,476,327 | ) |
| Net unrealized gain on marketable securities |   |               | -          |   |   |   | 25,000 |   |
| Comprehensive income                         |   | $                  | (3,475,281 | ) |   | $ | (1,451,327 | ) |

----

----

----

----

|                               |   | Shares |           |   | Weighted AverageExercise Price |   |
|------------------------------------|--------|--------|----------------|--------|--------------------------------|--------|
| Outstanding at April 30, 2008 |   |   | 5,503,299      |   |                           | $      | 0.21 |   |
| Granted                            |   |   | 1,740,500      |   |                           |   | 0.20 |   |
| Exercised                          |   |   | –– |   |                           |   | –– |   |
| Forfeited/Expired                  |   |   | (4,719,000)    |   |                           |   | 0.22 |   |
|                               |   |   |           |   |                           |   |   |   |
| Outstanding at April 30, 2009 |   |   | 2,524,799      |   |                           |   | 0.20 |   |
|                               |   |   |           |   |                           |   |   |   |
| Granted                            |   |   | 1,100,000      |   |                           |   | 0.07 |   |
| Exercised                          |   |   | –– |   |                           |   | –– |   |
| Forfeited/Expired                  |   |   | (284,299)      |   |                           |   | 0.21 |   |
|                               |   |   |           |   |                           |   |   |   |
| Outstanding at April 30, 2010 |   |   | 3,340,500      |   |                           |   | 0.17 |   |

|            |   |   | Warrants Outstanding |   |
|-----------------|--------|--------|----------------------|--------|
| Range price ($) |   |   | Number of Warrants   |   | Weighted AverageRemaining Life |   | Weighted AverageExercise Price |   |
| $               | 0.07   |   |                 |   | 1,100,000 |   | 0.20 years |   | $ | 0.07 |   |
| $               | 0.15   |   |                 |   | 407,500 |   | 0.45 years |   | $ | 0.15 |   |
| $               | 0.20   |   |                 |   | 783,000 |   | 0.29 years |   | $ | 0.20 |   |
| $               | 0.25   |   |                 |   | 550,000 |   | 0.01 years |   | $ | 0.25 |   |
| $               | 0.30   |   |                 |   | 500,000 |   | 0.20 years |   | $ | 0.30 |   |

----

|                               |   | Shares |           |   | Weighted AverageExercise Price |   |
|------------------------------------|--------|--------|----------------|--------|--------------------------------|--------|
| Outstanding at April 30, 2008 |   |   | 1,800,000      |   |                           | $      | 0.24 |   |
| Granted                            |   |   | –– |   |                           |   | –– |   |
| Exercised                          |   |   | –– |   |                           |   | –– |   |
| Forfeited/Expired                  |   |   | –– |   |                           |   | –– |   |
| Outstanding at April 30, 2009 |   |   | 1,800,000      |   |                           |   | 0.24 |   |
|                               |   |   |           |   |                           |   | –– |   |
| Granted                            |   |   | –– |   |                           |   | –– |   |
| Exercised                          |   |   | –– |   |                           |   | –– |   |
| Forfeited/Expired                  |   |   | (1,800,000)    |   |                           |   | 0.24 |   |
|                               |   |   |           |   |                           |   |   |   |
| Outstanding at April 30, 2010 |   |   | –– |   |                           |   | –– |   |

| Black Scholes Variables |   | During Year Ended April 30, 2010 |                          |   | During Year Ended April 30, 2009 |   |
|-------------------------|--------|---------------------------------------|-------------------------------|--------|---------------------------------------|--------|
| Exercise Price          |   | $                                     | 0.20 - $0.25                  |   |                                  | $      | 0.075 - $0.25 |   |
| Risk Free Rate          |   |                                  | 1.33% - 2.62%                 |   |                                  |   | 3.72% - 4.95% |   |
| Strike Price            |   | $                                     | 0.09 - $0.17                  |   |                                  | $      | 0.18 - $0.23 |   |
| Volatility              |   |                                  | 111.331896% -112.199954% |   |                                  |   | 111.331896% - 126.713325% |   |

----

|                |   | 2010   |           |   | 2009   |   |
|---------------------|--------|--------|----------------|--------|--------|--------|
| Current             |   | $      | –– |   |   | $      | –– |   |
| Deferred            |   |   | –– |   |   |   | –– |   |
| Total tax (benefit) |   | $      | –– |   |   | $      | –– |   |

|                            |   | 2010   |                  |   | 2009         |   |
|---------------------------------|--------|--------|-----------------------|--------|--------------|--------|
| Deferred Tax Inventory          |   |   |                  |   |         |   |
| NOL                             |   | $      |  2,296,000  |   |         | $      | 1,641,000 |   |
| Stock compensation expense      |   |   |  ––  |   |         |   | 513,000 |   |
| Installment sale gain           |   |   | (74,000)              |   |         |   | (74,000) |   |
| Impairment loss                 |   |   |  6,000           |   |    |   | 6,000 |   |
| Investments                     |   |   | 429,000               |   |    |   | (9,000 | ) |
| Property, plant & equipment |   |   | (3,000)               |   |         |   | (4,000 | ) |
| Gross deferred tax assets       |   |   |  2,654,000  |   |         |   | 2,073,000 |   |
| Less: Valuation allowance       |   |   | (2,654,000)           |   |         |   | (2,073,000 | ) |
| Net deferred tax assets         |   | $      | ––        |   |         | $      | –– |   |

|                             |   | 2010   |                 |    | 2009   |   |
|----------------------------------|--------|--------|----------------------|---------|--------|--------|
| Tax rate reconciliation          |   |   |                 |    |   |   |
| Federal statutory rate           |   |   | 35                   | %       |   |   | 35 | % |
| Tax at federal statutory rate    |   |   | 35.00                | %       |   |   | 35.00 | % |
| Permanent differences            |   |   | (0.08                | )       |   |   | (3.55 | ) |
| Net operating loss carryforward  |   |   | (21.41)              |    |   |   | (34.40 | ) |
| Installment sale                 |   |   |  –– |    |   |   | 4.65 |   |
| Unrealized gain (loss)           |   |   | (13,47)              |    |   |   | (1.92) |   |
| Other temporary differences, net |   |   | (0.04                |  ) |   |   | 0.22 |   |
| Total                            |   |   | 0.00                 | %       |   |   | 0.00 | % |

----

|       |   | Short-term Note Payable & Related Party Notes Payable |           |   | Secured Note Payable |   |
|------------|--------|-----------------------------------------------------------|----------------|--------|----------------------|--------|
| 2011       |   | $                                                         | 151,600        |   |                 | $      | 3,950 |   |
| 2012       |   |                                                      | -              |   |                 |   | 3,531 |   |
| 2013       |   |                                                      | -              |   |                 |   | 3,898 |   |
| 2014       |   |                                                      | -              |   |                 |   | 4,302 |   |
| 2015       |   |                                                      | –– |   |                 |   | 4,749 |   |
| Thereafter |   |                                                      | –– |   |                 |   | 25,675 |   |
| Total      |   | $                                                         | 151,600        |   |                 | $      | 46,105 |   |

|       |   | Minimum lease payments |           |
|------------|--------|------------------------|----------------|
| 2011       |   | $                      | 38,721         |   |
| 2012       |   |                   | 33,552         |   |
| 2013       |   |                   | 35,724         |   |
| 2014       |   |                   | 37,884         |   |
| 2015       |   |                   | –– |   |
| Thereafter |   |                   | –– |   |
| Total      |   | $                      | 145,881        |   |

----

|                                                   | April 30, 2010 |   | April 30, 2009 |   |
|--------------------------------------------------------|----------------|--------|----------------|--------|
|                                                   | Level 1        |   | Level 2        |   | Level 3 |   | Total |   | Level 1 |   | Level 2 |   | Level 3 |   | Total |   |
| Sunergy common stock ( available for sale)             |           | $      | 177,796        |   |   | $ | –– |   |   | $ | –– |   |   | $ | 177,796 |   |   | $ | 1,275,000 |   |   | $ | –– |   |   | $ | –– |   |   | $ | 1,275,000 |   |
| Total assets measured at fair value on recurring basis |           | $      | 177,796        |   |   | $ | –– |   |   | $ | –– |   |   | $ | 177,796 |   |   | $ | 1,275,000 |   |   | $ | –– |   |   | $ | –– |   |   | $ | 1,275,000 |   |

| ●   | All Sunergy shares are of the same class, though 336,483 are unrestricted and freely trading and 4 million are restricted shares. |
|---------------------|-----------------------------------------------------------------------------------------------------------------------------------|

| ●   | The fair value of the shares at April 30, 2010 ($177,796) was less than its historical carrying cost ($1,402,097) |
|---------------------|-------------------------------------------------------------------------------------------------------------------|

| ●   | The concern of the ability of the investee to continue as a going concern. As of the most recent public information released by Sunergy for the period September 30, 2009, the investee had less than $1,000 in cash, and negative cash flow from operations. |
|---------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ●   | The Board initiated a plan in the period ended April 30, 2010, to sell the remaining shares and does not expect the fair value of the shares to recover before the expected time of sale. |
|---------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|              | April 30, 2010 |    | April 30, 2009 |   |
|-------------------|---------------------|---------|---------------------|--------|
|              | Fair                |    |                |   | Other-than-Temporary |   | Fair |   |   |   |   | Unrealized |   |
|              | Value               |    | Cost                |   | Loss recognized in Earnings |   | Value |   | Cost |   |   | Gain/(Loss) |   |
| Investments       |                |    |                |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Equity securities | $                   | 177,796 |                | $      | 177,796 |   | $ | (1,224,302 | ) |   | $ | 1,275,000 |   | $ | 1,250,000 |   |   | $ | 25,000 |   |
| Total investments | $                   | 177,796 |                | $      | 177,796 |   | $ | (1,224,302 | ) |   | $ | 1,275,000 |   | $ | 1,250,000 |   |   | $  | 25,000 |   |

----

|                                                          |   | April 30, |    | April 30, |
|---------------------------------------------------------------|--------|-----------|---------|-----------|
|                                                          |   | 2010      |    | 2009      |
| Other receivables:                                            |   |      |    |      |   |   |   |   |
|      Gross other receivables         |   | $         | 22,387  |      |   | $ |  237,500 |   |
|      Allowance for doubtful accounts |   |      | (22,387 | )    |   |   | -- |   |
| Total                                                         |   | $         | -       |      |   | $ | 237,500 |   |

| ITEM 9. | CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE |
|---------|--------------------------------------------------------------------------------------|

| ITEM 9A (T). | CONTROLS AND PROCEDURES |
|--------------|-------------------------|

----

----

| ITEM 9B. | OTHER INFORMATION |
|----------|-------------------|

----

| ITEM 10. | DIRECTORS, EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE |
|----------|--------------------------------------------------------|

| Name                | Position Heldwith the Company                   | Age | Date First Elected or Appointed |
|---------------------|-------------------------------------------------|-----|---------------------------------|
| Robert G Carrington | Chief Executive Officer, President and Director | 65  | February 4, 2010                |
| David J. Salari     | Director                                        | 53  | January 30, 2006                |
| Paul Wang           | Independent Director                            | 64  | March 11, 2010                  |
| Dr. Michael Powell  | Independent Director                            | 56  | May 24, 2010                    |
| Daniel J. Forbush   | Chief Financial Officer and Director            | 57  | March 23, 2007                  |

----

----

----

| Name              | Number of Late Reports | Number of Transactions NotReported on a Timely Basis | Failure to FileRequested Forms |
|-------------------|------------------------|------------------------------------------------------|--------------------------------|
| Robert Carrington | Nil                    | Nil                                                  | Nil                            |
| David Salari      | Nil                    | Nil                                                  | Nil                            |
| Paul Wang         | Nil                    | Nil                                                  | Nil                            |
| Dr. Mike Powell   | Nil                    | Nil                                                  | Nil                            |
| Daniel Forbush    | Nil                    | Nil                                                  | Nil                            |

----

----

| 1. | honest and ethical conduct, including the ethical handling of actual or apparent conflicts of interest between personal and professional relationships; |
|----|---------------------------------------------------------------------------------------------------------------------------------------------------------|

| 2. | full, fair, accurate, timely, and understandable disclosure in reports and documents that we file with, or submit to, the Securities and Exchange Commission and in other public communications made by us; |
|----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 3. | compliance with applicable governmental laws, rules and regulations; |
|----|----------------------------------------------------------------------|

| 4. | the prompt internal reporting of violations of the Code of Business Conduct and Ethics to an appropriate person or persons identified in the Code of Business Conduct and Ethics; and |
|----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 5. | accountability for adherence to the Code of Business Conduct and Ethics. |
|----|--------------------------------------------------------------------------|

----

| ITEM 11. | EXECUTIVE COMPENSATION |
|----------|------------------------|

|   | our principal executive officer; |
|--------|----------------------------------|

|   | each of our two most highly compensated executive officers who were serving as executive officers at the end of the years ended April 30, 2010 and 2009; and |
|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | up to two additional individuals for whom disclosure would have been provided under (b) but for the fact that the individual was not serving as our executive officer at the end of the years ended April 30, 2010 and 2009, |
|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| SUMMARY COMPENSATION TABLE                               |
|----------------------------------------------------------|
| Nameand Principal Position                               | Year | Salary($) | Bonus($) | Stock Awards($) | Option Awards($) | Non-Equity Incentive Plan Compensation($) | Change in PensionValue and Nonqualified Deferred Compensation Earnings($) | AllOther Compensation($)(1) | Total($) |
| Stephen Parent, Former President, CEO and Director       | 20102009 | 108,000144,000 | NilNil | Nil100,500 | NilNil | NilNil | NilNil | NilNil | 108,000244,500 |
| Robert G. Carrington, Former President, CEO and Director | 20102009 | NilNil | NilNil | NilNil | NilNil | NilNil | NilNil | NilNil | NilNil |
| Daniel ForbushCFO and Director                           | 20102009 | 120,000108,000 | NilNil | Nil100,500 | NilNil | NilNil | NilNil | NilNil | 120,000208,500 |

| (1)   | The value of perquisites and other personal benefits, securities and property for the officers that do not exceed the lesser of $10,000 or 10% of the total of the annual salary and bonus and is not reported herein. |
|-----------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| DIRECTOR COMPENSATION |
|-----------------------|
| Name                  | FeesEarned orPaid inCash($) | StockAwards($) | OptionAwards($) | Non-EquityIncentivePlanCompensation($) | Change inPensionValue andNonqualifiedDeferredCompensationEarnings($) | AllOtherCompensation($) | Total($) |
| David Salari          | 12,000 | Nil | Nil | Nil | Nil | Nil | 12,000 |
| Paul Wang             | 1,000 | Nil | Nil | Nil | Nil | Nil | 1,000 |
| Dr. Mike Powell       | Nil | Nil | Nil | Nil | Nil | Nil | Nil |
| Larry Max Bigler      | 12,000 | Nil | Nil | Nil | Nil | Nil | 12,000 |

----

| ITEM 12. | SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER MATTERS |
|----------|------------------------------------------------------------------------------------------------|

| Name and Address of Beneficial Owner                                                  | Amount and Nature ofBeneficial Ownership | Percentageof Class(1) |
|---------------------------------------------------------------------------------------|------------------------------------------|-----------------------|
| David SalariOakville, Ontario                                                         | 687,000                                  | 0.3%                  |
| Robert G. CarringtonReno, Nevada                                                      | 3,447,667                                | 1.6%                  |
| Paul WangReno, Nevada                                                                 | Nil                                      | Nil                   |
| Dr. Mike PowellSan Jose, California                                                   | Nil                                      | Nil                   |
| Daniel J. ForbushReno, Nevada                                                         | 7,450,000                                | 3.3%                  |
| Stephen ParentScottsdale, Arizona                                                     | 14,647,668                               | 6.6%                  |
| Directors, Executive Officers  and Beneficial Owners as a Group (6 persons) | 26,232,335                               | 11.8%                 |

|   | (1)  Under Rule 13d-3, a beneficial owner of a security includes any person who, directly or indirectly, through any contract, arrangement, understanding, relationship, or otherwise has or shares: (i) voting power, which includes the power to vote, or to direct the voting of shares; and (ii) investment power, which includes the power to dispose or direct the disposition of shares.  Certain shares may be deemed to be beneficially owned by more than one person (if, for example, persons share the power to vote or the power to dispose of the shares).  In addition, shares are deemed to be beneficially owned by a person if the person has the right to acquire the shares (for example, upon exercise of an option) within 60 days of the date as of which the information is provided.  In computing the percentage ownership of any person, the amount of shares outstanding is deemed to include the amount of shares beneficially owned by such person (and only such person) by reason of these acquisition rights.  As a result, the percentage of outstanding shares of any person as shown in this table does not necessarily reflect the person’s actual ownership or voting power with respect to the number of shares of common stock actually outstanding on August 7, 2010.  As of August 7, 2010, there were 219,821,625 shares of our company’s common stock issued and outstanding. |
|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ITEM 13. | CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS, AND DIRECTOR INDEPENDENCE |
|----------|---------------------------------------------------------------------------|

----

| ITEM 14. | PRINCIPAL ACCOUNTANTS FEES AND SERVICES |
|----------|-----------------------------------------|

|               | Year Ended April 30 |
|--------------------|---------------------|
|               | 2010 ($)            | 2009 ($) |
| Audit Fees         | 94,100              | 13,750 |
| Audit Related Fees | Nil                 | Nil |
| Tax Fees           | Nil                 | Nil |
| All Other Fees     | Nil                 | Nil |
| Total              | 94,100              | 13,750 |

----

| ITEM 15. | EXHIBITS, FINANCIAL STATEMENT SCHEDULES |
|----------|-----------------------------------------|

| Exhibit Number |   | Description                                                                                                                                                                                                                                                            |
|----------------|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|           |   |                                                                                                                                                                                                                                                                   |
| (3)            |   | Articles of Incorporation and By-laws                                                                                                                                                                                                                                  |
| 3.1            |   | Certificate of Incorporation (incorporated by reference from our Registration Statement on Form 10-SB12G filed on August 24, 1999)                                                                                                                                     |
| 3.2            |   | By-Laws (incorporated by reference from our Registration Statement on Form 10-SB12G filed on August 24, 1999)                                                                                                                                                          |
| 3.3            |   | Amendment to Certificate of Incorporation (incorporated by reference from our Annual Report on Form 10-KSB filed on August 15, 2006)                                                                                                                                   |
| (10)           |   | Material Contracts                                                                                                                                                                                                                                                     |
| 10.1           |   | Letter of Intent between General Gold Corporation and Gold Range, LLC dated November 14, 2004  (incorporated by reference from our Annual Report on Form 10-KSB filed on August 15, 2006)                                                                    |
| 10.2           |   | Amendment to Letter of Intent between General Gold Corporation and Gold Range, LLC dated December 31, 2004 (incorporated by reference from our Annual Report on Form 10-KSB filed on August 15, 2006).                                                                 |
| 10.3           |   | Assignment of Lease Agreement between General Gold Corporation and Gold Range Company, LLC dated April 29, 2005  (incorporated by reference from our Annual Report on Form 10-KSB filed on August 15, 2006).                                                 |
| 10.4           |   | Assignment of Lease and Consent Agreement between Independence Gold-Silver Mines Inc., Gold Range Company, LLC and General Gold Corporation dated June 29, 2005  (incorporated by reference from our Annual Report on Form 10-KSB filed on August 15, 2006). |
| 10.5           |   | Lease Agreement between Independence Gold-Silver Mines Inc. and Gold Range Company, LLC dated July 13, 2005  (incorporated by reference from our Annual Report on Form 10-KSB filed on August 15, 2006)                                                      |
| 10.6           |   | Share Purchase Agreement dated January 20, 2006 among General Gold Corporation, Recov Energy Corp. and the selling shareholders of General Gold Corporation  (incorporated by reference from our Annual Report on Form 10-KSB filed on August 15, 2006).     |
| 10.7           |   | Share Purchase Agreement dated March 15, 2007 between our company and Sanibel Investments Ltd. (incorporated by reference from our Current Report on Form 8-K filed on March 22, 2007).                                                                                |
| 10.8           |   | Marketing Services Agreement effective July 15, 2008 with Wall Street Report Inc. (incorporated by reference from our Current Report on Form 8-K filed on September 5, 2008).                                                                                          |
| 10.9           |   | Mining Acquisition Agreement dated October 31, 2008 between our company and Sunergy Inc. (incorporated by reference from our Current Report on Form 8-K filed on December 2, 2008).                                                                                    |
| 10.10          |   | Amending Agreement to the Mining Acquisition Agreement dated December 5, 2008 between our company and Sunergy Inc. (incorporated by reference from our Current Report on Form 8-K filed on December 12, 2008).                                                         |
| 10.11          |   | Agreement dated February 10, 2009 between our company and Nevada Agency & Trust Company (incorporated by reference from our Current Report on Form 8-K filed on February 24, 2009).                                                                                |
| 10.12          |   | Contract between our company and Stephen Tandon and Emanual Suchefort dated April 13, 2009 (incorporated by reference from our Current Report on Form 8-K filed on June 29, 2009).                                                                                     |
| (14)           |   | Code of Ethics                                                                                                                                                                                                                                                         |
| 14.1           |   | Code of Ethics  (incorporated by reference from our Annual Report on Form 10-KSB filed on August 15, 2006)                                                                                                                                                   |
| (21)           |   | Subsidiaries                                                                                                                                                                                                                                                           |
|           |   | General Gold Corporation, a Nevada company                                                                                                                                                                                                                             |
| (31)           |   | Section 302 Certification                                                                                                                                                                                                                                              |
| 31.1*          |   | Section 302 Certification of the Sarbanes-Oxley Act of 2002.                                                                                                                                                                                                           |
| 31.2*          |   | Section 302 Certification of the Sarbanes-Oxley Act of 2002.                                                                                                                                                                                                           |
| (32)           |   | Section 906 Certification                                                                                                                                                                                                                                              |
| 32.1*          |   | Section 906 Certification of the Sarbanes-Oxley Act of 2002                                                                                                                                                                                                            |
| 32.2*          |   | Section 906 Certification of the Sarbanes-Oxley Act of 2002                                                                                                                                                                                                            |

----

|                                  | GENERAL METALS CORPORATION |                                                                                               |
|---------------------------------------|----------------------------|----------------------------------------------------------------------------------------------------|
|                                  |                       |                                                                                               |   |
| Date:  August 13, 2010      | By:                        | /s/ Robert G. Carrington                                                                      |   |
|                                  |                       | Robert G. Carrington                                                                               |   |
|                                  |                       | President, Chief Executive Officer and Director(Principal Executive Officer)                       |   |
|                                  |                       |                                                                                               |   |
|                                  |                       |                                                                                               |   |
| Date:  August 13, 2010 |                       |  /s/ Daniel J. Forbush                                                                   |   |
|                                  |                       | Daniel J. Forbush                                                                                  |   |
|                                  |                       | Chief Financial Officer and Director(Principal Financial Officer and Principal Accounting Officer) |   |

| Signature                      | Title                                           | Date                  |
|--------------------------------|-------------------------------------------------|-----------------------|
|                           |                                            |                  |
|  /s/ Robert G. Carrington | President, Chief Executive Officer and Director |  August 13, 2010 |
| Robert G. Carrington           |                                            |                  |
|                           |                                            |                  |
| /s/ Daniel J. Forbush          | Chief Financial Officer and Director            |  August 13, 2010 |
| Daniel J. Forbush              |                                            |                  |
|                           |                                            |                  |
| /s/ Paul Wang                  | Director                                        |  August 13, 2010 |
| Paul Wang                      |                                            |                  |
|                           |                                            |                  |
| /s/ Dr. Mike Powell            | Director                                        |  August 13, 2010 |
| Dr. Mike Powell                |                                            |                  |
|                           |                                            |                  |
| /s/ David Salari               | Director                                        |  August 13, 2010 |
| David Salari                   |                                            |                  |
|                           |                                            |                  |