First Metals Inc.

First Metals Inc.

March 07, 2008 10:02 ET

First Metals Retains D&D Securities Company

TORONTO, ONTARIO--(Marketwire - March 7, 2008) - First Metals Inc. (TSX:FMA) is pleased to report that it has retained the consulting services of D&D Securities Company, to assist management, on a non-exclusive basis, in investor relations activities.

In consideration for these professional services, the Board has agreed to grant non-transferable options to acquire shares in the corporation on or before March 4, 2009, of which 150,000 options are exercisable at $0.92 per share and a further 150,000 options exercisable at $1.50 per share.

The Board also granted stock options pursuant to the Company Stock Option Plan to two senior mine department heads. The individuals were granted 85,000 and 95,000 options to acquire shares at $0.92 per share exercisable on or before March 4th, 2013. Operations at the Fabie Bay Copper deposit are now fully staffed by 70 full time miners and support.

First Metals Inc. is bringing into production the Fabie Bay and Magusi River Copper, Zinc, Gold and Silver Projects, near Rouyn-Noranda, Quebec, Canada. We are listed for trading on the TSX and have approximately 39 million shares issued.

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