Full Metal Minerals Ltd.
TSX VENTURE : FMM

Full Metal Minerals Ltd.

June 16, 2005 09:00 ET

Full Metal Commences Pebble South and Aleutian Exploration Programs

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - June 16, 2005) - Full Metal Minerals Ltd. (TSX VENTURE:FMM) is pleased to announce that exploration work is underway on the Pebble South Property and on the multiple copper-gold porphyry and epithermal gold-silver targets located in the Aleutian Islands and Alaska Peninsula. Both projects are located in southwest Alaska.

At the Pebble South Project, further IP geophysics and soil sampling are underway. The initial focus will be on two highest priority targets of the 11 anomalies identified from the 2004 field season. Pebble South is located adjacent to Northern Dynasty's Pebble Deposit (2005 Estimate M&I of 3.0 billion tonnes containing 31.3 M oz. Au, 18.8 billion pounds Cu and 993 million pounds of Mo, with an additional Inferred Resource of 1.1 billion tonnes containing 10.8 M oz. Au 5.8 billion pounds Cu and 361 million pounds Mo).

The Boo Prospect, highlighted by two 1.2 kilometer long zones of high chargeability (apparent chargeability of 50 and above) coupled with moderate to low resistivity were identified beneath up to 100 meters of glacial cover. The prospect lies along the extension of Northern Dynasty's southwest-trending IP anomalies (which includes the Pebble Deposit). At the TYP prospect located 13 kilometers north of BOO, a 0.6 kilometer long zone of moderately-high chargeability was identified in 2004 along with anomalous Au (gold), Cu (copper) and Mo (molybdenum) in soil grids. Work performed during 2005 will refine these targets for drill testing.

Full Metal also has an option to earn a 100% interest in the mineral rights of Native-owned lands encompassing 1.4 million acres, in the Aleutian Islands and Alaska Peninsula. Initial work will include IP geophysics over several porphyry occurrences, including the Pyramid Deposit, which hosts a historic resource of 125M tons of dominantly supergene mineralization averaging 0.41% Cu, 0.35% Mo, with limited gold analysis (this resource estimate was completed by the Aleut-Quintana-Duval Joint Venture prior to 2001 and NPI 43-101, and should therefore not be relied upon). Pyramid is open along strike and at depth. Surface geophysics and mapping surveys to refine drill targets will be also be completed over the Zachary Bay, Kawisgag, Bee Creek, Balboa, Warner Bay and Mallard Duck Bay porphyry Cu-Au-Mo projects, as well as several other prospects. Exploration will also focus on high and low sulphidation epithermal Au-Ag deposits and prospects, including work to expand the Centennial Deposit, which hosts a historic resource of approximately 6 million tonnes averaging 1.5 g/t Au for a total of 289,000 oz. Au (this resource estimate was completed by Battle Mountain Gold Corp. prior to 2001 and NPI 43-101, and should therefore not be relied upon). Very limited exploration has occurred over the past 20 years in the Aleutian Islands and Alaska Peninsula. All targets in this region are located at or near tidewater.

The 2005 Exploration Program will be performed under the supervision of Nicholas Van Wyck, CPG, Senior Geologist for Full Metal Minerals, under the direction of Robert McLeod, P.Geo., Vice-President of Exploration for Full Metal. Both are qualified persons as defined by NPI 43-101.

A technical report on Full Metal's Ganes Creek Property completed by Carl Schaefer, CPG, an Independent Qualified Person as defined by NPI 43-101 has been filed, and available on www.sedar.com.

Full Metal continues to evaluate new gold and base metal opportunities in the State of Alaska and is actively seeking Joint Venture partners for the existing Alaska Projects.

ON BEHALF OF THE BOARD OF DIRECTORS

Michael Williams, President and Director


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