VANCOUVER, BRITISH COLUMBIA is pleased to announce that drilling has commenced at the Forty Mile Project in east-central Alaska. Full Metal has scheduled 15,000 meters of drilling using two core rigs targeting high-grade CRD (carbonate replacement deposits). At the high-grade LWM deposit, the company has allocated 10,000 meters for infill and step-out drilling. Full Metal has also allocated 5,000 meters to test new occurrences and prospects on the 235,376 acre Property.

Drill results from the 2007 program at LWM included 44.6 meters averaging 15.9% Zn, 5.3% Pb and 76.6 g/t Ag, 15.6 meters averaging 21.2% Zn, 8.7% Pb, and 127.0 g/t Ag, and 6.48 meters averaging 464.2 g/t Ag, 31.6% Zn, 11.3% Pb and 1.41% Cu (see FMM NR#17 dated July 30th 2007). Drilling to date has encountered massive sphalerite/galena/chalcopyrite mineralization over 300 meters of strike length, and over 200 meters below surface and remains open for expansion in all directions. Complete drill results and a plan map of holes can be viewed at www.fullmetalminerals.com.

The LWM discovery and the Fish oxide zinc-silver discovery, as well as the Oscar, Eva, Drumstick, Lead Creek and Champion prospects and numerous other showings and anomalies occur within a 90 kilometer long trend of CRD-style prospects, the majority of which have never been drill tested. Reconnaissance drilling on new targets will include the Eva and Drumstick Prospects. At Eva, 2007 results (see FMM #19NR August 13, 2007) from 14 mineralized rock samples of CRD style mineralization averaged 957 g/t Ag, 23.6% Zn, 12.6% Pb, and 0.9% Cu. At Drumstick, three samples of mineralized rock were collected from prospect pits. Two of these samples returned 21.6% Zn, 19.1% Pb, 222 g/t Ag and 11.6% Zn, 8.1% Pb and 863 g/t Ag, in addition to anomalous gold and copper. Drumstick occurs within a 1,100 meter long by approximately 120 meter wide soil anomaly, with lead values in soil exceeding 100 parts per million. The anomaly coincides with subtle 'kill zones', similar to LWM located 22 kilometers to the northeast. Soil samples range from 108 to 7,980 ppm Pb within the anomaly. The Drumstick and Eva Prospects both occur near ridge tops with minimal bedrock exposure, with the area in between completely covered by overburden and vegetation. Several holes are planned at both targets.

Full Metal has options to earn numerous 100% leasehold interests within 235,376 acres of lands selected by Doyon, Limited, an Alaska Native Regional Corporation (See FMM 2006 NR #9, Dated May 23, 2006).

Full Metal's 2008 exploration program will be managed by Robert McLeod, P.Geo, Vice-President Exploration for Full Metal Minerals and a Qualified Persons as defined by NI 43-101. Drill cores will be cut in half using a diamond saw, with one-half placed in sealed bags, and delivered to ALS-Chemex Labs facility in Fairbanks, Alaska. A sample quality control/quality assurance program using standards and blanks will be implemented. Mr. McLeod prepared and approved the information contained in this release.

Drilling will also commence shortly at the Moore Creek Gold Property. Other 2008 drill programs include CJ Property, Lucky Shot Property, Mt. Andrew Property, Pebble South Property, and OG Property. The Company has Joint Venture Agreements with Kinross Gold, Freeport McMoRan, BHP Billiton, Metallica Resources, Triex Minerals, Altair Ventures, and Highbury Projects.

ON BEHALF OF THE BOARD OF DIRECTORS

Michael Williams, President and Director

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

Contacts: Full Metal Minerals Ltd. Jeff Sundar Manager, Investor Relations (604) 484-7855 (604) 484-7155 (FAX) Email: info@fullmetalminerals.com Website: www.fullmetalminerals.com

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