Underworld Resources Inc.

Underworld Resources Inc.
Full Metal Minerals Ltd.

Full Metal Minerals Ltd.

January 28, 2010 16:45 ET

Underworld and Full Metal Minerals Announce the Sudden Passing of Chief Geologist Dr. Ricardo Presnell

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 28, 2010) - Underworld Resources Inc. (TSX VENTURE:UW) and Full Metal Minerals Ltd. (TSX VENTURE:FMM) announce with regret the sudden passing of our friend, Chief Geologist Dr. Ricardo Presnell. He was an integral member of our exploration team, and contributed significantly to the exploration success and geological understanding of the White Gold Property.

The Board of Directors and Employees of Underworld Resources and Full Metal Minerals would like to offer sincere condolences to wife Caroline, his family and his numerous friends around the world. The Companies, together with Ricardo's wife are establishing a scholarship fund in Ricardo's memory at the University of Utah for Minorities who are studying Sciences. In lieu of flowers to the family, friends of Ricardo can send donations to: 'The Dr. Ricardo Davis Presnell Memorial Scholarship Fund' at Suite 1500 – 409 Granville Street, Vancouver B.C. Canada, V6C 1T2.

Rob McLeod, VP Exploration said, "We were so fortunate to have Ricardo join our team a year ago. His contributions to the exploration successes in Alaska and the White Gold District were significant. Ricardo's mentorship of our young team of exploration geologists, utilizing his extensive and world-wide experience in economic geology was invaluable."

In the 1990's while with Kennecott Exploration, Ricardo helped instruct prospector Shawn Ryan in the science, exploration techniques and big-picture strategy that Shawn has utilized, leading to the discovery of mineralization in the White Gold trend. 

Dr. Ricardo D. Presnell was a world-renowned Economic Geologist with over twenty-five years of experience in Exploration. In 1981 he received a B.A. in Geology from Middlebury College in Vermont with a Senior Thesis on The Metamorphic Petrology of Marble, Anorthosite and Amphibolite Association near Gore Mtn., New York. From there he spent six months with Sohio Petroleum in Denver before attending the University of Michigan. In 1983 he received a M.S. in Structural Geology from the University of Michigan with a thesis on 'A Structural Model for the Sevier Desert and Environs, Utah'. He then worked for Sohio Petroleum from 1983-1986 as a structural geologist in the Overthrust Belt of the western United States.

In 1986 he joined Kennecott Exploration as an Exploration Geologist responsible for "drilling out" the Barneys Canyon Gold deposit near the world-class Bingham porphyry Cu-Mo-Au deposit. Kennecott subsequently funded his PhD. on the deposit, which he completed in 1992. From 1992 to 1994 he searched for Cu-Mo porphyries in the Southwest US and Northern Mexico before working on porphyry and Au exploration in Central America. In 1996 he became responsible for Au and Cu deposit area selection in Alaska and the Yukon while based in Anchorage, Alaska. From 1999 to 2006 he was a Principal geologist in Kennecott's New Opportunities Group based in Salt Lake City with a focus on area selection for Cu and U. From 2006 to 2008 he was a Principal Geologist with Rio Tinto's Project Generation Group responsible for world-wide area selection for Copper. 

In 2009, Ricardo joined Full Metal Minerals and Underworld Resources as Chief Geologist. With Underworld, he was part of the team that discovered the million ounce Golden Saddle deposit at the White Gold Project. During his career, Ricardo worked throughout the globe in the search for world-class base and precious metal deposits.

He was a Councilor for the Society of Economic Geologist (SEG), and the Society of Applied Geologists (SGA), and an Associate Editor for Geosphere. He published a variety of papers and abstracts on Carlin-type gold deposits, the structural control of porphyries, and on the tectonics and metallogeny of North America.

Ricardo's passing is a loss not only to his family and many friends but also to the mineral exploration community. He will not be forgotten.


Michael Williams / Adrian Fleming

Full Metal Minerals / Underworld Resources

Forward Looking Statement

Some of the statements contained in this press release are forward-looking statements. Forward-looking statements are not historical facts and are subject to a number of risks and uncertainties beyond the Company's control, including, but not exclusively, statements regarding potential mineralization, exploration results, completion of work program and studies, and future plans and objectives of the Company. Resource exploration, development and operations are highly speculative, characterized by a number of significant risks, which even a combination of careful evaluation, experience and knowledge may not eliminate, including, among other things, unprofitable efforts resulting not only from the failure to discover mineral resources but from finding mineral deposits which, though present, are insufficient in quantity and quality to return a profit from production.

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

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