Full Metal Provides Update ON the Olivine Mountain Option Agreement

FOR IMMEDIATE RELEASE August 30, 2023

FULL METAL PROVIDES UPDATE ON THE OLIVINE MOUNTAIN OPTION

AGREEMENT

Vancouver, BC – August 30, 2023 – Full Metal Minerals Ltd. (FMM-TSX:V) ("Full Metal" or

the "Company") announces that it has entered into a sixth amending agreement (the

“Amending Agreement”) to the option agreement (the “Option Agreement ”) among the

Company and GSP Resource Corp. (“ GSPR”) pursuant to which the Company acquired the

option (the “Option”) to earn a 60% interest in GSPR’s Olivine Mountain property in the

Similkameen Mining Division, British Columbia (see the Company’s press rel eases dated

February 26, 2020, July 31, 2020, October 8, 2020, Decemb er 24, 2020, February 18, 2021

and March 22, 2021).

In order to exercise the Option, t he Amending Agreement provides for : (i) a $20,000

increase in the cash payments payable to GSPR ; and (ii) an increase of 30,000 common

shares in the capital of the Co mpany (“Shares”) issuable to GSPR. The Option may be

exercised over the four -year Option term by (i) incurring exploration expenditures of

$1,125,000, of which $75,000 have already been incurred ; (ii) making cash payments totaling

$535,000 to GSPR , of w hich $110,000 have already been paid; and (iii) issuing 380,000

common shares in the capital of the Co mpany (“Shares”) to GSPR, of which 1 70,000 have

already been issued.

GSPR will be the operator for exploration programs determined by the Company. The 10%

operator fee will count towards the required exploration expenditures. Following the

exercise of the Option, the Company and GSPR intend to continue under a joint venture

with the Company holding a 60% interest and GSPR holding a 40% interest.

The Amending Agreement is subject to acceptance by the TSX Venture Exchange.

Project Search

During the last twelve months the Company has reviewed multiple projects, predominately

advanced projects. The Company continues to evaluate high quality mineral assets, with a

focus on projects with defined mineral re sources, with potential for high m argins and/or

long mine life’s. T he Companies u ltimate goal is to build a portfolio of mineral assets

through acquisitions that are expected to be comprised of gold, silver, copper and nickel.

2

ON BEHALF OF THE BOARD OF DIRECTORS

“Peter Voulgaris”

Peter Voulgaris

CEO & President

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

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

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.

Cautionary Note Regarding Forward-Looking Information

Certain of the statements and information in this news releas e constitute “forward-looking

information” within th e meaning of applicable Canadian provincial securities laws. Any

statements or information that express or involve discussions with respect to interpretation

of exploration programs and drill results, pre dictions, expectations, beliefs, plans,

projections, objectives, assumptions or future events or performance (often, but not

always, using words or phra ses such as “expects”, “is expected”, “anticipates”, “believes”,

“plans”, “projects”, “estimates”, “assu mes”, “intends”, “strategies”, “targets”, “goals”,

“forecasts”, “objectives”, “budgets”, “schedules”, “potential” or variations thereof or stating

that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken,

occur or be achieved, or the negative of any of these terms and simi lar expressions) are not

statements of historical fact and may be forward-looking statements or information.

These statemen ts involve known and unknown risks, uncertainties and other factors that

may cau se actual results or events to differ materially fro m those anticipated in such

forward‐looking statements. Although the Company believes the expectatio ns expressed in

such for ward‐looking statements are based on reasonable assumptions, such statements

are not guarantees of future performance and actual res ults or developments may differ

materially from those in the forward‐looking statements. Factors tha t could cause actual

results to differ materially from those in forward‐looking statements include, but are not

limited to, changes in commodities prices; c hanges in expected mineral production

performance; unexpected increases in capital costs; exploitati on and exploration resul ts;

continued availability of capital and financing; differing results and recommendations in the

Feasibility Study; and general economic, market or business conditions. In addition,

forward‐looking statements are subject to various risks, including but no t limited to

operational risk; political risk; currency risk; capital cost inflation risk; that data is

incomplete or inaccurate. The reader is referred to the Company’s filings with the Canadian

securities regulators for disclosure regarding these and other risk factors, accessible through

Aftermath Silver’s profile at www.sedar.com. There is no certainty that any forward‐looking

statement will come to pass and investors should not place undue reliance upon

forward‐looking statements. The Company does not undertake to provide updates to any of

the forward‐looking statements in this release, except as required by law.