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FMM.V ·

Full Metal Provides Corporate Update

Corporate Updates

CMD\382101\CORP\4453

FOR IMMEDIATE RELEASE October 23, 2017

(FMM 2017 NR #1)

Full Metal Provides Corporate Update

Vancouver, BC October 23, 2017  Full Metal Minerals Ltd. (FMM -TSX:V) ("Full Metal" or the

"Company") announces that Management is continuing to evaluate various base and precious metal

opportunites in mining friendly regions.

The Company’s investment criteria is focused on managing risk by focusi ng on advanced stage and

resource development projects. Socio economic and regulatory environments are also a key component

of the investment strategy.

Further to the Company’s press release dated October 16 , 201 6, Full Metal announces that the

management services agreements entered into in July 2011 betw een Full Metal and companies

controlled by the President and Chief Executive Officer, Chief Financial Officer and Corporate

Secretary of the Company have been further amended.

Prior to these amendments, the services agreements provided for a change of con trol payment if within

36 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 36 month period to 42

months. For further information regardin g the agreements and change of control payments, see the

information circular dated November 10, 2015 and filed on the Company's profile on SEDAR.

ON BEHALF OF THE BOARD OF DIRECTORS

"Michael Williams"

Michael Williams

President/CEO and Director

For more information please contact:

Michael Williams

[email protected]

604-484-7855

CMD\382101\CORP\4453

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

Telephone: 604-484-7855 Fax: 604-484-7155

Email [email protected]

www.fullmetalminerals.com

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

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

Certain statements within this news release, other than state ments of historical fact relating to Full Metal

Minerals Ltd., are to be considered forward -looking statements with resp ect to the Company’s

intentions.Forward-looking statements include statements that are predictive in nature, are reliant on future

events or conditions, or include words such as “expects”, “anticipates”, “plans”, “believes”, “considers”,

“significant”, “intends”, “targets”, “estimates”, “seeks”, attempts”, “assumes”, and other similar expressions.

The forward-looking statements are based on a number of assumptions which, while considered reasonable by

Full Metal Minerals Ltd., are, by their nature, subject to inherent risks and uncertainties and are not guarantees

of future performance. Factors that could cause actual results to differ mat erially from those in forward-looking

statements include: the ability by management to locate and complete a transac tion for the Company, the level

and volatility of the prices for precious and base metals, the ability to raise necessary capital for corpor ate

activites, and general economic, market and/or business conditions. There can be no assurances that such

statements and assumptions will prove accurate and, therefore, readers of this news release are advised to rely

on their own evaluation of the info rmation contained within. In addition to the assumptions herein, these

assumptions include the assumptions described in Full Metal Minerals’ Management’s Discussion and Analysis

for the year ended, May 31st, 2017 which can be viewed on http://www.SEDAR.com.

Although Full Metal Minerals Ltd. has attempted to identify important risks, uncertainties and other factors that

could cause actual performance, achievements, actions, events, results or conditions to differ materi ally from

those expressed in or implied by the forward-looking statements, there may be other risks, uncertainties and other

factors that cause future performance to differ from what is anticipated, estimated or intended. Unless otherwise

indicated, forward-looking statements contained herein are as of the date hereof and Full Metal Minerals Ltd.

does not assume any obligation to update any forward-looking statements after the date on which such statements

were made, except as required by applicable law.