First Metals Inc.

First Metals Inc.

December 20, 2007 16:23 ET

First Metals Announces Loss of Chairman

TORONTO, ONTARIO--(Marketwire - Dec. 20, 2007) - First Metals Inc. (TSX:FMA) -

It is with deep regret that we announce the sudden passage of our Chairman and co-founder, Jay Jaski. On behalf of the Board of Directors and the entire staff, condolences are conveyed to his family and his many associates.

"Jay was instrumental in creating First Metals and his energy and work ethic are a large part of our success to date. Management will now continue to draw on the strength and guidance of the other eight directors in carrying out the business plan which Jay helped to forge. We have lost a partner and a good friend," stated C.E.O. Richard Williams.

The Board of directors has appointed Vice-Chairman and former C.E.O., James Beatty, interim acting Chairman. The direction of the Company remains unaltered, with management committed to growth through the development of the Fabie Bay and Magusi Deposits near Rouyn-Noranda.

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