Full Metal Minerals (TSX VENTURE:FMM) intends to divest its option to acquire a
100% interest in the Kamishak property in Alaska to Alix Resources Corp. (Alix)
(TSX VENTURE:AIX) for a total of 750,000 Alix shares. 


As consideration for the transfer, Alix has agreed to: (a) issue to Full Metal
500,000 common shares on the day of receipt of the TSX Venture Exchange's
written approval of the transaction (b) issue to Full Metal 100,000 Alix Shares
on or before October 31, 2008 and (c) issue to Full Metal 150,000 Alix Shares on
or before October 31, 2010 (d) pay to Full Metal a 2.0% net smelter return
royalty on all future production from the Kamishak property. Alix can purchase
one-half of the royalty (i.e., a 1.0% royalty) 1.0% for $1,000,000. 


Full Metal is a generative exploration company with 12 active projects in Alaska
and one in the Yukon Territory. The 2008 drill programs include the 40 Mile
Project, Lucky Shot Property, Mt. Andrew Property, Moore Creek Property, CJ
Property, Pebble South Project, Chignik Project, Boulder Creek Property and OG
Properties. The Company has Joint Venture Agreements with Freeport McMoRan, BHP,
Metallica Resources, Triex Minerals, Altair Ventures, Highbury Projects and
Millrock Resources.


ON BEHALF OF THE BOARD OF DIRECTORS

Michael Williams, President and Director
Full Metal Minerals (TSXV:FMM)
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