FMM Full Metal Minerals Ltd

NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH U.S. NEWSWIRES

Full Metal Minerals Ltd. (TSX VENTURE:FMM) reports that the $2,000,000
non-brokered private placement announced on December 8, 2009 has been increased.
The Company announces that it intends to complete an additional $2,100,000
financing through the sale of 14,000,000 Units at $0.15 per Unit. 


Each unit will consist of one common share and one-half of one transferable
share purchase warrant. Each whole warrant will entitle the holder to acquire
one additional common share, exercisable for a period of two years following the
closing of the private placement, at a price of $0.25 per common share.


A finder's fee of 8% of the gross proceeds may be payable in cash, or shares, on
a portion of the financing. The net proceeds from the financing will be used for
exploration expenses on the Company's projects and for general working capital.


Full Metal is a generative exploration company with multiple precious and base
metal projects in Alaska and the Yukon. Drilling and underground development is
currently underway at the high-grade Lucky Shot Gold Project. The Company has
Exploration Agreements with Kinross Gold, Freeport-McMoRan Exploration
Corporation, BHP Billiton, New Gold, Triex Minerals, Altair Ventures, Highbury
Projects, and Ashburton Ventures Inc.


ON BEHALF OF THE BOARD OF DIRECTORS

Michael Williams, President and Director

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