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 11,200,000 unit
non-brokered private placement announced on July 13, 2010 has been increased.
The Company announces that it intends to complete up to 25,000,000 Units at
$0.18 per Unit for total proceeds of up to $4,500,000.00. 


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 6% 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. Work during 2010 will include drilling
programs at the 100%-owned Fortymile zinc-silver-lead Property, underground
development with Harmony Gold at the Lucky Shot Property, as well as additional
surface work and drilling programs at several of Full Metal's Properties funded
by Joint Venture Partners.


ON BEHALF OF THE BOARD OF DIRECTORS

Michael Williams, President and Director

Statements in this press release relating to the Company's future plans and
objectives or expected results, may include forward-looking statements.
Forward-looking statements are based on numerous assumptions and are subject to
all of the risks and uncertainties inherent in resource exploration and
development. As a result, actual results may vary materially from those
described in the forward-looking statements.

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