Full Metal Minerals Ltd V.FMM

Closing of Private Placement

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Full Metal Minerals Announces Closing of Private Placement VANCOUVER, BRITISH COLUMBIA, Dec 30, 2004 (CCNMatthews via COMTEX) -- Full Metal Minerals Ltd. (the "Company") (TSX VENTURE:FMM) announced that it has closed its brokered private placement in the amount of 1,200,000 units at the price of $0.45 per unit announced December 10, 2004. Each unit is comprise d of one common share and one-half of one share purchase warrant with each whole warrant exercisable into one additional common share at a price of $0.60 until December 30, 2005. Canaccord Capital Corporation acted as agent in connection with the private placement and received a cash commission of $37,800 and agent's warrants exercisable for 120,000 common shares of the Company until December 30, 2005 at an exercise price of $0.50 per share. The Agent also received a corporate finance fee in units and an administration fee in cash. All of the shares, warrants and any shares issued upon exercise of the warrants are subject to a hold period and may not be traded until May 1, 2005 except as permitted by Canadian securities legislation and the TSX Venture Exchange. The proceeds of the private placement will be used for the Company's exploration properties and for general working capital purposes. ON BEHALF OF THE BOARD OF DIRECTORS Michael Williams, President and Director Full Metal Minerals Ltd. Jeff Sundar Manager, Investor Relations [phone] [phone] (FAX) Email: [e-mail] Website: www.fullmetalminerals.com NEWS RELEASE TRANSMITTED BY CCNMatthews The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release. Copyright (C) 2004, CCNMatthews. All rights reserved.