Focus Metals Inc.
TSX VENTURE : FMS
OTCQX : FCSMF

Focus Metals Inc.

September 12, 2011 16:01 ET

Focus Metals Announces Listing of Warrants on the TSX Venture Exchange

OTTAWA, ONTARIO--(Marketwire - Sept. 12, 2011) -

NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES AND DOES NOT CONSTITUTE AN OFFER OF THE SECURITIES DESCRIBED HEREIN

Focus Metals Inc. (TSX VENTURE:FMS)(OTCQX:FCSMF) (the "Company") is pleased to announce that 10,000,000 warrants of the Company (the "Warrants") to purchase common shares of the Company (the "Common Shares") will commence trading on the TSX Venture Exchange at the opening of the markets on September 13, 2011 under the trading symbol "FMS.WT".

The Warrants were issued in connection with a $20,000,000 bought deal private placement (the "Offering") that closed on May 12, 2011. The Offering was completed by a syndicate of underwriters led by Cormark Securities Inc., and included Byron Capital Markets Ltd. and Desjardins Securities Inc. (collectively, the "Underwriters").

Each Warrant entitles the holder thereof the right to purchase a Common Share at a price of $1.25 per share for a period of two (2) years ending on May 13, 2013. The Warrants are governed by the terms and conditions of a warrant indenture (the "Warrant Indenture") entered into between the Company and Computershare Trust Company of Canada as warrant agent. The Warrant Indenture provides for adjustments to the exercise price and/or exchange of the Warrants in the event of stock dividends, subdivisions, consolidations and other forms of capital reorganization. A copy of the Warrant Indenture is available in the Company's SEDAR profile at www.sedar.com.

An additional 600,000 Warrants are reserved for issuance upon exercise of broker units warrants issued to the Underwriters in connection with the Offering.

The securities described herein have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States unless registered under the Act or unless an exemption from registration is available.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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