First Metals Inc.

First Metals Inc.

November 13, 2007 18:30 ET

First Metals Inc. Announces Series II Warrant Exercise

TORONTO, ONTARIO--(Marketwire - Nov. 13, 2007) - First Metals Inc. (TSX:FMA) is pleased to report that over 99% of the Series II Warrants have been exercised. Each warrant entitled the holder to acquire a common share of First Metals at a price of $0.75 per share. As a result of the exercise of the 2,498,500 Warrants, the Company's treasury has been increased by $1,873,875. These funds have been added to the Company's working capital.

First Metals is bringing into production the Fabie Bay and Magusi River Copper, Zinc, Gold and Silver Projects, near Rouyn-Noranda, Quebec, Canada, acquired from Globex Mining Enterprises, Inc. last year. First Metals has approximately 36.1 Million shares issued and outstanding, inclusive of the warrant exercise.

Contact Information