Full Metal Zinc Announces Change of Management

FOR IMMEDIATE RELEASE December 24, 2012 (FZ 2012 – NR #8)

Full Metal Zinc Announces Change of Management

Vancouver, BC – December 24, 2012  Full Metal Zinc Ltd. (FZ-TSX:V) announces that Michael Williams has been appointed as interim President and Chief Executive Officer of the Company. The Board has accepted Steve Hayes’ resignation as Director, President and CEO. Mr. Hayes will become a consultant to the Board. The Company looks forward to Mr. Hayes continued contributions.

Steve Hayes stated “The decision was a difficult one, given the quality of the FZ team and the flagship Fortymile asset, however a new opportunity has presented itself, which I felt compelled to pursue. I look forward to continued involvement with the FZ team as consultant to the FZ Board.”

ON BEHALF OF THE BOARD OF DIRECTORS

“Michael Williams”

Michael Williams Chairman

For more information, please contact:

Josh Serfass Manager, Investor Relations [email protected] 604-484-7855

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

Some statements in this news release contain forward-looking information, including without limitation statements as to planned expenditures and exploration programs. These statements address future events and conditions and, as such, involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the statements. Such factors include without limitation the completion of planned expenditures, the ability to complete exploration programs on schedule and the success of exploration programs.