Inferred Resource Estimate For Pyramid Deposit

VANCOUVER, BC - Full Metal Minerals Ltd. reported that the Company and Antofagasta Minerals S.A. have received the initial Inferred Mineral Resource Estimate at the Pyramid Copper-Gold-Molybdenum Porphyry Project, located near tidewater in southwest Alaska.

At a 0.21% copper equivalent cut-off, total contained copper in the Inferred resource category is estimated to be 1,338,000,000 pounds of copper, 74,000,000 pounds of molybdenum and 488,000 ounces of gold. Both near-surface supergene enriched mineralization as well as hypogene copper mineralization were modeled and interpolated. The mineral resource estimate shows that the hypogene mineral resource remains open to depth and along strike in most areas, and the higher grade supergene enriched mineralization is also open for expansion in several areas.

This 2013 initial resource estimate is based on 30 drill holes totaling 7,486 meters completed by Full Metal and Antofagasta during 2010 to 2012. Additionally, 19 shallow historic holes totaling 1,921 meters completed by Quintana-Duval during the mid-1970's were included in the estimate.

Pyramid is located on lands under option from The Aleut Corporation, an Alaska Regional Native Corporation. The deposit is located less than eight kilometers from deep tidewater. Coupled with work from 2010 and 2011, drilling has spanned an area measuring approximately 1,800 meters east-west and 1,050 meters north-south.