Full Metal Minerals Ltd.
TSX VENTURE : FMM

Full Metal Minerals Ltd.

July 13, 2010 12:10 ET

Full Metal Announces Private Placement Financing

VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 13, 2010) -

NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH U.S. NEWSWIRES

Full Metal Minerals Ltd. (TSX VENTURE:FMM) (the "Company") announces a non-brokered private placement, subject to regulatory approval, of up to 11,200,000 units at a price of $0.18 per unit.

Each unit will consist of one common share and one-half of one transferable share purchase warrant. Each whole warrant will entitle the holder to acquire one additional common share exercisable for a period of two years following the closing of the private placement at a price of $0.25 per common share.

A finder's fee of 6% of the gross proceeds may be payable in cash or shares on a portion of the financing. The net proceeds from the financing will be used for exploration expenses on the Company's projects and for general working capital.

Full Metal is a generative exploration company with multiple precious and base metal projects in Alaska and the Yukon. Work during 2010 will include drilling programs at the 100%-owned Fortymile zinc-silver-lead Property, underground development with Harmony Gold at the Lucky Shot Property, as well as additional surface work and drilling programs at several of Full Metal's Properties funded by Joint Venture Partners.

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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