Full Metal Closes Tranche 2 of Non-Brokered Financing

FOR IMMEDIATE RELEASE September 10, 2010 (FMM 2010 – NR #15)

Full Metal Closes Tranche 2 of Non-Brokered Financing

VANCOUVER, September 10, 2010 – Full Metal Minerals Ltd. (TSX-V: FMM) announces that it has closed the second tranche of its non-brokered private placement financing for aggregate gross proceeds of $1,064,599. The Company issued 5,914,441 units at $0.18 per unit. Each unit in the private placement is comprised of one common share and one-half of one share purchase warrant with each whole warrant exercisable into one additional common share at a price of $0.25 until September 7, 2012.

Finders’ fees of 6% aggregating $41,958 were paid in connection with this tranche.

All of the shares, warrants and any shares issuable upon exercise of the warrants are subject to a hold period and may not be traded until January 8, 2011 except as permitted by Canadian securities legislation.

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

“Janice Davies”

Janice Davies Contact: Jeff Sundar Corporate Secretary 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.

Statements in this press release relating to the Company’s future plans and objectives or expected results, may include forward-looking statements. Forward-looking statements are based on numerous assumptions and are subject to all of the risks and uncertainties inherent in resource exploration and development. As a result, actual results may vary materially from those described in the forward-looking statements.