Full Metal Closes $3.1 Million Equity Financing

FOR IMMEDIATE RELEASE July 9, 2010 (FMM 2010 – NR #8)

Not for dissemination in the United States or through U.S. newswires

FULL METAL CLOSES $3.1 MILLION EQUITY FINANCING

July 9, 2010 Vancouver, British Columbia – Full Metal Minerals Ltd. (TSXV:FMM) (“Full Metal” or the “Company”) is pleased to announce that it has closed the financing announced May 13, 2010. The Company has issued a total of 17,358,889 units at a price of $0.18 per unit for gross proceeds of $3,124,600. Each unit shall consist of one common share in the Company (“Share”) and one half common share purchase warrant of the Company (each whole warrant, a “Warrant”). Each Warrant shall be exercisable to acquire one common share of the company at an exercise price of $0.25.

Canaccord Genuity Corp. (the “Agent”) received a cash commission of 6% of the proceeds, warrants ("Agent’s Warrants") equal to 6% of the Units issued pursuant to this offering and 150,000 Units. Each Agent’s Warrant will be exercisable to acquire one common share at $0.25 for 24 months after the closing date.

The Company intends to use the net proceeds from the offering to advance the Company's exploration properties and for general working capital purposes.

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

ON BEHALF OF THE BOARD OF DIRECTORS

"Michael Williams"

Michael Williams President and Director

Contact: Jeff Sundar Vice President, Investor Relations

Suite 1500, 409 Granville Street, Vancouver, BC V6C 1T2 Telephone: 604-484-7855 Fax: 604-484-7155 Email: [email protected] Website: www.fullmetalminerals.com