Full Metal Commences Drilling at the High Grade LWM Deposit and on the Recently Discovered Silver-Rich Targets at the Fortymile Project, Alaska

VANCOUVER, BRITISH COLUMBIA, Jun 02, 2010 (MARKETWIRE via COMTEX News Network) --

Full Metal Minerals Ltd. (TSX VENTURE: FMM) is pleased to announce that drilling has commenced at the Fortymile Silver, Zinc, Lead, Copper Project in east-central Alaska.

Full Metal has scheduled 5,000 meters of drilling using two core rigs targeting high-grade CRD (carbonate replacement deposits). The Company will perform step-out drilling at the high-grade LWM deposit, as well as test new silver rich occurrences and prospects on the Property.

Previous drill results from LWM included 44.6 meters averaging 15.9% Zn, 5.3% Pb and 76.6 g/t Ag, 15.6 meters averaging 21.2% Zn, 8.7% Pb, and 127.0 g/t Ag, and 6.48 meters averaging 464.2 g/t Ag, 31.6% Zn, 11.3% Pb and 1.41% Cu (see FMM NR#17 dated July 30th 2007). Drilling to-date has encountered massive sphalerite/galena/chalcopyrite mineralization over 700 meters of strike length, and in excess of 250 meters below surface. LWM remains open for expansion in all directions.

Previous drilling on the northeast side of LWM was hindered by frozen overburden; however, a larger drill will be used to continue to test the deposit in this direction. Complete results from previous drilling and a drill hole location map can be viewed at www.fullmetalminerals.com.

The LWM and Fish (see FMM 2007-NR #21) Deposits and the Oscar, Eva, West Eva, and Falcon prospects occur within an extensive area of CRD-style mineralization, the majority of which have never been drill tested.

Full Metal has identified several priority silver-rich CRD prospects on the Fortymile property. The Falcon prospect is a newly identified silver-rich structure discovered during 2009. Mineralization has been traced along the structure for 800 meters along strike. Select grab samples from Falcon returned 2,370, 1,355, 918, 583 and 264 g/t Ag. A total of 52 rock samples were collected at Falcon, and averaged 115.8 g/t Ag along with significant Cu, Zn and Pb credits. At the Eva prospect (see FMM #19NR August 13, 2007) from 14 mineralized rock samples of CRD style mineralization averaged 957 g/t Ag, 23.6 % Zn, 12.6% Pb, and 0.9% Cu. A 2,500 meter by 1,000 meter soil anomaly will be targeted at the West Eva prospect. Lead in soil values from 2009 sampling range from 8 to 2,860 ppm, averaging 85 ppm, with silver ranging from 0.1 to 75.4 ppm, averaging 1.2 ppm. Reconnaissance drilling will be completed these on new targets following additional soil sampling and mechanical trenching.

Full Metal has options to earn numerous 100% leasehold interests within 117,638 acres of lands selected by Doyon, Limited, an Alaska Native Regional Corporation (See FMM 2006 NR #9, Dated May 23, 2006).

Full Metal's 2010 exploration program is managed by Robert McLeod, P.Geo, Vice-President Exploration for Full Metal Minerals and a Qualified Persons as defined by NI 43-101. Drill cores will be cut in half using a diamond saw, with one-half placed in sealed bags, and delivered to ALS-Chemex Labs facility in Fairbanks, Alaska. A sample quality control/quality assurance program using standards and blanks will be implemented. Mr. McLeod prepared and approved the information contained in this release.

Full Metal is a generative exploration company with multiple precious and base metal projects in Alaska and the Yukon. In addition to the 2010 Fortymile program, the company and partner Harmony Gold intend to begin underground development at the Lucky Shot Property. Full Metal will also drill test the 100% owned Grizzly Butte copper gold property. Work and drilling programs are also expected at several of Full Metal's Properties funded by Joint Venture Partners.

ON BEHALF OF THE BOARD OF DIRECTORS

Michael Williams, President and Director