Full Metal Minerals Ltd.

Full Metal Minerals Ltd.

November 15, 2005 10:00 ET

Full Metal Options Additional Uranium Property to Triex

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Nov. 15, 2005) - Full Metal Minerals Ltd. (TSX VENTURE:FMM) ("Full Metal" or the "Company") and Triex Minerals Corporation (TSX VENTURE:TXM) ("Triex") are pleased to announce that they have entered into an option agreement (the "Option Agreement") pursuant to which Triex has been granted the right to earn an initial 65% interest in Full Metal's McCarthy Marsh uranium property. Also, Full Metal and Triex have formed a strategic alliance for the purpose of acquiring additional uranium properties in Alaska by utilizing Triex's uranium expertise and Full Metal's experience in Alaskan exploration.

The 2,700 hectare McCarthy Marsh property is located in the southeastern Seward Peninsula, Alaska, 160 km northeast of Nome, and 16 km north of the coastal village of Elim. This 'roll-front' uranium prospect is located 15 km southwest of the Company's Boulder Creek deposit (65% Triex/35% Full Metal). The McCarthy Marsh property is underlain by Tertiary-aged sandstone peripheral to a Late Cretaceous alkalic quartz monzonite intrusives.

By incurring exploration expenditures in the aggregate amount of US $1,000,000 over four years (ending April 1, 2009), and issuing 25,000 shares each year (totaling 100,000 shares), Triex can earn into an initial 65% joint venture interest in the property. Following earn-in, Triex has the option to increase its interest to 80% by incurring an additional US $750,000 in exploration expenditures on or before April 1, 2010, and issuing an additional 200,000 shares. This transaction is subject to acceptance by the TSX Venture Exchange.

Triex and Full Metal will jointly manage and conduct exploration in order to determine how to most effectively advance the McCarthy Marsh property. Airborne geophysics and follow-up ground work is planned for the McCarthy Marsh Property and surrounding area in the spring of 2006. The companies have recently completed reconnaissance mapping and sampling programs on the property. Exploration is under the direction of Mr. Robert McLeod, P.Geo., Vice President Exploration of Full Metal, a qualified person as defined by NI43-101 and Dr. Michael Gunning, Ph.D., P.Geo., Vice President Exploration of Triex, a qualified person as defined by NI43-101.

Full Metal recently made a new high grade gold discovery at its 100% owned Lucky Shot Property and is awaiting assays on the Ganes Creek gold property funded by its joint venture partner, Fury Explorations Ltd. The Company is also exploring the Aleutian Island land package with its joint venture partner Metallica Resources Inc. and is advancing the Pebble South Copper/Gold property.


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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