Full Metal Minerals Ltd.
TSX VENTURE : FMM

Full Metal Minerals Ltd.

September 11, 2008 09:00 ET

Full Metal Announces Private Placement Financing

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 11, 2008) -

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 5,400,000 units at a price of $.75 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 year following the closing of the private placement at a price of $1.00 per common share.

A finder's fee of 8% 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. Drilling and underground development is currently underway at the high-grade Lucky Shot Gold Project. The Company has Exploration Agreements with Kinross Gold, Freeport-McMoRan Exploration Corporation, BHP Billiton, New Gold, Triex Minerals, Altair Ventures, Highbury Projects, and Ashburton Ventures Inc.

ON BEHALF OF THE BOARD OF DIRECTORS

Michael Williams, President and Director

(FMM 2008 - NR #20)

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

Contact Information