FMM Full Metal Minerals Ltd

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

Full Metal Minerals Ltd. (TSX VENTURE:FMM) ("Full Metal" or the "Company") is
pleased to announce that it has entered into an agreement with Canaccord Genuity
Corp. ("Canaccord Genuity", or, the "Agent") to sell up to 20,000,000 units (the
"Units"), on a private placement basis, at a price of $0.20 per unit for gross
proceeds of up to $4,000,000 (the "Offering"). A Unit will consist of one common
share and one-half of one common share purchase warrant (a "Warrant"). Each
whole warrant will entitle the holder to subscribe for one additional common
share at a price of $0.28 for a period of 24 months from the date of closing.
Completion of the private placement will be subject to usual conditions,
including satisfactory due diligence and regulatory approval, including
acceptance of the TSX Venture Exchange.


As consideration for acting as Agent, Canaccord Genuity will be paid a
commission of 7% of the total proceeds raised upon closing and issued agents'
warrants ("Agents' Warrants") equal to 8% of the Units issued pursuant to this
Offering. Each Agents' Warrant will be exercisable to acquire one common share
at $0.25 expiring 24 months after the closing date.


The Company has also granted the Agent an over-allotment option to increase the
Offering by up to $1,000,000, exercisable 48 hours prior to closing.


The Company intends to use the net proceeds from the offering to advance the
Company's exploration properties and for general working capital purposes.


ON BEHALF OF THE BOARD OF DIRECTORS 

Michael Williams, President and Director

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