Full Metal Announces Termination of Share Purchase Agreement and Provides Corporate Update

FOR IMMEDIATE RELEASE November 19, 2019

(FMM 2019 NR #2)

FULL METAL ANNOUNCES TERMINATION OF

SHARE PURCHASE AGREEMENT AND PROVIDES CORPORATE UPDATE

Vancouver, BC – November 19, 2019 – Full Metal Minerals Ltd. (FMM-TSX:V) ("Full Metal"

or the "Company") would like to announce that, further to its news release of April 20, 2018 ,

the share purchase agreement entered into with Evolution Mining Limited to purchase a 100%

interest in the Puhipuhi Gold Project announced therein has been terminated.

Full Metal is currently evaluating several preci ous metal opportunities and following due

diligence will be looking at pursuing another acquisition.

The Company also announces that, further to the Company’s press release dated April 18, 2019,

the management services agreements (the " Agreements") ente red into in July 2011 between

Full Metal and company controlled by the President and Chief Executive Officer and the

Corporate Secretary of the Company have been further amended.

Prior to these amendments, the services agreements provided for a change of control payment

if within 60 months following a "change of control" the contractor's engagement is terminated

by the Company without good cause or the contractor resigns. The amendments extend the 60

month period to 72 months. For further information regar ding the Agreements and change of

control payments, see the information circular dated September 12, 2014, the Company's

subsequently filed information circulars on the Company's profile on SEDAR, and the Company’s

October 14, 2015, October 19, 2016, Octob er 23, 2017, April 20, 2018 , October 19, 2018 and

April 18, 2019 news releases.

ON BEHALF OF THE BOARD OF DIRECTORS

“Michael Williams”

Michael Williams

CEO & President

Suite 1500, 409 Granville Street, Vancouver, BC V6C 1T2

Telephone: 604-484-7855

Fax: 604-484-7155

2

Cautionary Note Regarding Forward -Looking Statements: This news release includes

certain forward -looking statements and forward -looking information (together, “forward -

looking statements”). All statements other than statements of historical fact included in this

release, including, without limit ation, statements regarding opportunities and other future

plans and objectives of Full Metal are forward -looking statements. There can be no

assurance that such statements will prove to be accurate and actual results and future

events may vary from those anticipated in such statements. Full Metal cautions that all

forward-looking statements are inherently uncertain and that actual perform ance may be

affected by a number of material factors, many of which are beyond Full Metal’s control.

Important risk factors that could cause actual results to differ materially from Full Metal’s

plans or expectations include failure to identify other oppo rtunities, failure to raise

sufficient funds to pursue another acquisition and risks associated with mineral exploration

and the other risks disclosed in this news release. The forward -looking statements in this

news release were developed based on the ass umptions and expectations of management,

including that there will be other opportunities available, the other assumptions disclosed in

this news release and that the risks described above will not materialize. Accordingly, actual

and future events, condit ions and results may differ materially from the estimates, beliefs,

intentions and expectations expressed or implied in the forward -looking information. Full Metal

expressly disclaims any intention or obligation to update or revise any forward -looking

statements whether as a result of new information, future events or otherwise, except as

otherwise required by applicable securities legislation

Neither TSXV nor its Regulation Services Provider (as that term is defined in the policies of the

TSXV) accepts responsibility for the adequacy or accuracy of this release.