Full Metal Zinc Reprices Private Placement

FOR IMMEDIATE RELEASE May 31, 2012 (FZ 2012 – NR #4)

News Release

Full Metal Zinc Reprices Private Placement

Vancouver B.C. , Full Metal Zinc Ltd. (the “Company” or “Full Metal Zinc”) has approved the repricing of its non-brokered private placement previously announced on April 23, 2012. The Company intends to place up to 10,000,000 units at a price of $0.10 per unit (the Company previously announced a total of 10,000,000 units at a price of $0.15 cents per unit).

Each unit will consist of one common share and one-half warrant, at an exercise price of $0.15, exercisable for a period of two years following the closing of the private placement.

The net proceeds from the financing will be used for exploration expenses on the Company’s projects and for general working capital.

Full Metal Zinc is currently exploring its flagship Fortymile Property in Alaska. The Company is actively evaluating multiple zinc opportunities in the Americas.

ON BEHALF OF THE BOARD OF DIRECTORS

“Michael Williams”

Michael Williams Vice President & Chairman 604-484-7855

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.