Full Metal Identifies New High Grade at Nadaleen Project, Yukon Territory

Full Metal Minerals Ltd. announce the results of an extensive surface mapping, rock and soil sampling program from the 100% owned Nadaleen Zinc-Lead-Silver Project, Yukon.

The Nadaleen Project area comprises six prospects staked by Full Metal, targeting carbonate-replacement style deposit (CRD) hosting widespread silver-lead-zinc mineralization.

High grade mineralization was discovered along 3,200 meters of strike length at the DF Prospect. Numerous occurrences of outcropping massive sulphides were identified; 18 surface samples assaying over 65 g/t Ag averaged 298 g/t Ag, 26.9% Pb and 5.4% Zn. Five of these samples averaged over 500 g/t Ag, up to 688 g/t Ag. A total of 46 rock samples were collected at the DF Prospect, averaging 120 g/t Ag, 10.7% Pb and 5.2% Zn. Samples range from to trace values to 688 g/t Ag, 67.2% Pb and 19.4% Zn. A total of 118 soil samples were collected in reconnaissance traverses, returning multiple anomalous areas; silver values range from trace to 4.1 g/t Ag, averaging 0.8 g/t, lead values range from 12 to 2,200 ppm Pb, averaging 299 ppm and zinc values range from 72 to 7,150 ppm Zn, averaging 911 ppm. Rock samples are mostly chip and grab samples collected through prospecting.

This new occurrence of high-grade mineralization is Full Metal’s second grass-root silver-lead-zinc discovery in the Yukon during 2008. The Company recently announced results from the Angie-Cat SEDEX program (see FMM NR# 2009 – 01, January 6th, 2009).

Mineralization at the DF prospect is dominantly breccia and replacement style pyrite, sphalerite and galena with local chalcopyrite. Samples are also anomalous in arsenic and antimony; gold was not analyzed, however samples are being run for gold content. All prospects occur within a sequence of platformal Proterozoic carbonates. Large zones of secondary dolomitization occur proximal to mineralized zones.

At the CYP Prospect, work completed during 2008 outlined a greater than 150 meter wide, 5,500 meter long multi-element soil anomaly (greater than 50 ppm Pb, greater than 1000 ppm Zn). Mineralized float has been traced for over 6,700 meters in the upper portions of a late Proterozoic dolomite. One drill hole completed at the CYP prospect in 1973 reportedly intersected 8.3% Zn over 23.8 meters. Additional historic holes reportedly failed to reach their target depths due to mechanical problems. Soil samples were collected on a 50 meters by 200 meter grid, and the CYP is open to expansion to the east. During the summer of 2008, 891 samples were collected; soil samples range from 11 to 36,300 ppm Zn, average 834 ppm Zn and 27 to 2,250 ppm Pb, average 91 ppm Pb.

Prospecting, mapping and soil sampling were also completed on several other targets at the Nadaleen Project. Maps with soil and rock sampling results can be reviewed at www.fullmetalminerals.com.