Full Metal Minerals Ltd.

Full Metal Minerals Ltd.

April 11, 2007 10:48 ET

Full Metal and Triex Announce 2007 Alaska Uranium Drilling Program

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - April 11, 2007) - Full Metal Minerals Ltd. (TSX VENTURE:FMM) ("Full Metal") and Triex Minerals Corporation (TSX VENTURE:TXM) ("Triex") are pleased to provide the details for their approved C$1.5 million 2007 uranium exploration program for Boulder Creek, Alaska. Cumulative expenditures of C$2 million have been spent over the past two years, advancing the Boulder Creek uranium deposit and exploring for additional deposits in the surrounding region. For property location maps, see the company's website at www.fullmetalminerals.com.

The 2007 program will include approximately 3,000 metres of core drilling, testing multiple targets on both the Boulder Creek and McCarthy Marsh properties. This program follows up on the 2006 drilling program, which encountered encouraging grade and thickness at the Boulder Creek uranium deposit (0.317% U3O8 over 6.0 metres in DV06-54, including 0.867% U3O8 over 2.0 metres, and 0.317% U3O8 over 2.0 metres within 5.0 metres of 0.1647% U3O8 in Hole DV06-64 (see November 16, 2006 news release).

The Boulder Creek uranium deposit is located in the southeastern Seward Peninsula, Alaska, 47 kilometres north of the coastal village of Elim and 160 kilometres east of Nome. The deposit is hosted within Tertiary-aged sandstone peripheral to a Late Cretaceous alkalic quartz monzonite intrusion. It is the largest known uranium deposit in Alaska, and was discovered by Houston Oil and Minerals (later Tenneco Minerals Company). Drilling between 1979 and 1981 outlined some 1,000,000 pounds of U3O8 at an average grade of 0.27% U3O8, and average thickness of three metres, with depths of mineralization ranging from surface to 120 metres (Economic Geology, Volume 82, 1987, pp. 1558-1574). The foregoing is a historical estimate. Full Metal and Triex have not completed the work necessary to certify the classification of the resource and are not treating the historical estimate as compliant with NI 43-101. The historical estimate should not be relied upon.

Boulder Creek - Carbon Creek

The first component of the 2007 drill program will focus on Boulder Creek. Fifteen hundred metres of diamond drilling are planned to complete delineation of known mineralized zones, and to further evaluate the ten kilometer-long trend of geochemical anomalies along strike, both to the north and south of the deposit. Two kilometres to the southeast along strike from the Main Zone, a 550 metre long multi-element (uranium-arsenic) geochemical anomaly will be tested; this anomaly is based on anomalous geochemical samples from four consecutive grid lines. Approximately one kilometre northwest on trend from the Main Zone, a soil sample at the "990 Hill" area contains 1,540 parts per million uranium; about 500 metres to the north is a 900 metre long multi-element uranium-arsenic-molybdenum anomaly that will be tested with several holes. Finally, selected anomalies within an approximate 550 metre-long trend, and located at Carbon Creek about four kilometers north, and on trend with the Boulder Creek Main Zone, will be tested by a fence of drill holes.

Mobilization for the summer program to the established campsite and refurbished airstrip at Boulder Creek will commence in mid-June, with drilling at Boulder Creek - Carbon Creek expected to be completed by the end of July.

Death Valley

Triex flew approximately 1,155 line-kilometres of airborne radiometrics along the Boulder Creek - Death Valley trend in 2006. Flight line spacing was 200 metres. Twelve selected radiometric anomalies were followed up on the ground by prospecting and geochemical sampling. Reconnaissance geochemical sampling was also completed along the western side of Death Valley, where the geological setting is similar to that at Boulder Creek. A total of 203 geochemical samples were collected on widely-spaced lines in western Death Valley; eight anomalies will be followed up by further sampling and prospecting in 2007. Two or three drill holes are planned for the Death Valley grid area in 2007, pending ground follow-up and refinement of existing anomaly target areas.

McCarthy Marsh

The second component of the 2007 program will be to commence drill testing of regional targets in the search for additional deposits in the district. Fifteen hundred metres of diamond drilling are planned for August on the McCarthy Marsh claims.

Approximately 1,841 line-kilometres of airborne radiometrics were completed in three different blocks in this area in 2006 (see November 16th, 2006 news release). A total of 53 selected anomalies were followed up on the ground. A total of 300 rock samples, soil samples and biogeochemical samples were collected. Coincident uranium and molybdenum anomalies are defined in five areas.

At the southeastern portion of McCarthy Marsh, Tertiary sediments occur adjacent to radioactive syenite intrusions on the western flanks of the Darby Mountains, in a geological setting similar to that found at Boulder Creek. The McCarthy Marsh basin is approximately 35 kilometres across, and the Boulder Creek basin is only about 2 kilometres across, so the volume of prospective Tertiary sediments at McCarthy Marsh is much greater than at Boulder Creek.

Triex is earning into an Option and Joint Venture Agreement with Full Metal (details provided in the September 28, 2005 news release). Beyond property-specific work at Boulder Creek and McCarthy Marsh, the two companies have a strategic alliance to pursue uranium opportunities throughout Alaska.

Triex's Alaska uranium exploration program continues to be managed by David Pawliuk, P.Geo., a Qualified Person as defined by NI 43-101. Content of this release has been reviewed and approved by Robert McLeod, P.Geo., Vice President Exploration of Full Metal and Michael Gunning, Ph.D., P.Geo., President of Triex; both are Qualified Persons as defined by NI 43-101.

Triex is a Canadian junior mineral exploration company currently focused on uranium opportunities in three separate districts in North America. Eight main projects span grass roots reconnaissance exploration to advanced-stage resource delineation, with a 2007 exploration budget of $8.7 million.

Full Metal has thirteen active Projects in Alaska. Drilling is currently underway at the 100% owned Lucky Shot Gold Property, with drilling planned on an additional five Properties. Full Metal also has Joint Venture agreements Metallica Resources, Andover Ventures, and First Factor Development Inc.


Michael Williams, President and Director

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

Contact Information