Full Metal Minerals Ltd.

Full Metal Minerals Ltd.

June 06, 2005 09:00 ET

Full Metal Announces Private Placement Financing

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - June 6, 2005) - Not for dissemination in the United States or through U.S. newswire services

Full Metal Minerals Ltd. (TSX VENTURE:FMM) (the "Company") announces a non-brokered private placement, subject to regulatory approval, of up to 2,500,000 units at a price of $0.40 per unit.

Each unit will consist of one common share and one-half of one non-transferable share purchase warrant. Each whole warrant will entitle the holder to acquire obne additional common share exercisable for a period of two years following the closing of the private placement at a price of $0.55 per common share.

A finder's fee of 5% 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.

Warrant Extension

Full Metal Minerals Ltd. has extended the expiry date on 2,872,500 outstanding non-transferable share purchase warrants from May 27, 2005 to November 27, 2005. The warrants have an exercise price of $0.75 per common share and were issued pursuant to an initial public offering of 5.75 million units completed in May 2004.


"Michael Williams"

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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