General Properties Ltd. announces change of name to General Mining Properties Ltd.

    CALGARY, Oct. 7 /CNW/ - General Properties Ltd. (TSX Venture Exchange:
GPL) (the "Corporation") is pleased to announce that it has change its name to
"General Mining Properties Ltd.", effectively immediately. On August 26, 2008
the Corporation announced that shareholders had approved the change of name
from the Corporation to "General Mining Properties Ltd.". The TSX Venture
Exchange has approved the name change and the Corporation's shares now trade
on the TSX Venture Exchange under the name "General Mining Properties Ltd.".
The Corporation's shares will continue to trade under the symbol "GPL".
    Shareholders need not take any steps to exchange their share certificates
as a result of this change.
    This name change is reflective of the Corporation's status as a mining
exploration and development company.
    The Corporation is a mining exploration and development company with
holdings in northern Alberta, Canada. The Corporation has also received
shareholder approval for the acquisition of an option to acquire a 70%
interest in the Yarnell past producing gold mine project in Arizona (the
"Transaction"), the details of which can be found in the August 26, 2008 press
release of the Corporation. Information about the Corporation can be found at

    The TSX Venture Exchange has in no way passed on the merits of the
Transaction and has neither approved nor disapproved the contents of the press
release. There can be no assurance that the Transaction will be completed as
proposed or at all. Trading in the securities of the Corporation should be
considered highly speculative.

    The TSX Venture Exchange does not accept responsibility for the adequacy
    or accuracy of this press release.

For further information:

For further information: Robert B. Knight, Chief Operating Officer and
Chief Financial Officer, Telephone: (403) 531-2088, Facsimile: (403) 531-2099,
Cell phone: (403) 804-5200, Email:

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