Full Metal Minerals Ltd.
TSX VENTURE : FMM

Full Metal Minerals Ltd.

January 03, 2007 09:00 ET

Full Metal Announces Early Exercise of Warrants

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Jan. 3, 2007) - Full Metal Minerals Ltd. (the "Company") (TSX VENTURE:FMM) is pleased to announce that pursuant to a brokered private placement which closed on October 25, 2005, 100% of the 1,875,000 warrants expiring October 25, 2007, together with the 27,000 corporate finance units issued to Canaccord Capital Corporation in regard to the financing, have been exercised under the acceleration clause. The Company reports that it has received gross proceeds of $1,902,000 from the full exercise of these accelerated warrants.

Full Metal has thirteen active mineral projects in Alaska including the high-grade Lucky Shot Gold Project, and two new zinc-lead-silver discoveries at the Company's 40 Mile Project. Assays are currently pending from a drilling program at the Mount Andrew Copper-Gold Property. Full Metal has Joint Venture Agreements with Metallica Resources, Triex Minerals Corp, Afognak Native Corp., and Andover Ventures.

ON BEHALF OF THE BOARD OF DIRECTORS

Michael Williams, President and Director

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

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