Full Metal Options Angie Zn-Pb-Ag Property to Milk Capital

VANCOUVER, BRITISH COLUMBIA - (Marketwire - 17 November 2009) - Full Metal Minerals Ltd. (TSX VENTURE: FMM) and milk Capital Corporation "Milk Capital (TSX VENTURE: MLK.P) has entered into a Letter Agreement whereby milk can earn ' a 60% interest in Full Metal Angie's property, subject to acceptance by the TSX Venture Exchange.
Milk Capital has the option to earn a 60% interest in the Property by Angie consideration of exploration expenditures totaling $ 3,000,000 over four years ($ 200,000 first year). Moreover, Milk Capital makes cash payments to Full Metal totaling $ 150,000 ($ 25,000 first year) and issue 400,000 shares (100,000 first year) over the four year term option.
Angie The Prospect is the most northerly point of view within a 90 + kilometer long belt of occurrences. Multiple occurrences of sphalerite, galena, pyrite and barite massive sulphide mineralization has been identified with the project. The area is in limited modern exploration and south of the community of Ross River located near the infrastructure. Full Metal is maintaining a 100% ownership in the Nebocat, Keats and Rim prospects in the band.
At the Prospect Angie, soil sampling in 2008 identified by Full Metal is a 5000 meter long anomaly (greater than 1000 ppm Zn), including an area 1300 meters long (more than 2000 ppm Zn). A total of 1785 soil samples were at the Prospect Angie collected. Zinc values range from 12 to more than 10,000 per minute, Zn, averaging 536 ppm and silver values range 0,3-10,3 g / t Ag on average 1.0 g / t. The Angie Prospect covers historical occurrences of SEDEX mineralization, including trench results of 4.5 meters averaging 8.4% Zn and 98 g / t Ag. (See FMM NR 2009 # 1, January 6, 2009). Full Metal and milk Capital sees a program of mechanical trenching, geological mapping and sampling to be in the Angie Project completed during the 2010 field season.
Full Metal has filed an NI 43-101 Technical Report dated November, 2009 for Angie Project. The report by Robin Black, M.Sc., P. Geo prepared. of Equity Exploration Consultants, Ltd. The report can be found on Sedar at www.sedar.com
Robert McLeod P. Geo., VP Exploration for Full Metal Minerals and a Qualified Person as defined by NI 43-101 prepared and approved the information contained in this release. Additional information about Angie www.fullmetalminerals.com Property can be reviewed.
Full Metal is a generative exploration company with multiple precious and base metal projects in Alaska and the Yukon. The Company has Joint Venture Agreements with Kinross Gold, Freeport McMoRan, Harmony Gold, Mosam Capital, Triex Minerals, Milk Capital, and Highbury Projects.
ON BEHALF OF THE BOARD
Michael Williams, President and Director
Some statements in this news release contains forward-looking information, including without limitation statements as to the planned expenditures and exploration programs. These statements address future events and conditions and, as such, involve known and unknown risks, uncertainties and other factors that affect the actual results, performance or achievement could lead to differ materially from any future results, performance or achievements expressed or implied by the statements. Such factors include, without limitation the completion of planned expenditures, the ability to complete exploration programs on schedule and the success of exploration programs.
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release no.