Full Metal Announces Private Placement Financing

Not for dissemination in the United States or through U.S. newswires FOR IMMEDIATE RELEASE July 13, 2010 (FMM 2010 – NR #9)

Full Metal Announces Private Placement Financing

July 13, 2010 Vancouver, BC – Full Metal Minerals Ltd. (FMM-TSX:V) (the “Company”) announces a non-brokered private placement, subject to regulatory approval, of up to 11,200,000 units at a price of $0.18 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 years following the closing of the private placement at a price of $0.25 per common share.

A finder’s fee of 6% 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. Work during 2010 will include drilling programs at the 100%-owned Fortymile zinc-silver-lead Property, underground development with Harmony Gold at the Lucky Shot Property, as well as additional surface work and drilling programs at several of Full Metal’s Properties funded by Joint Venture Partners.

ON BEHALF OF THE BOARD OF DIRECTORS

“Michael Williams”

Michael Williams Contact: Jeff Sundar President and Director Vice-President, Investor Relations

Suite 1500, 409 Granville Street, Vancouver, BC V6C 1T2 Telephone: 604-484-7855 Fax: 604-484-7155 Email [email protected] www.fullmetalminerals.com

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