Mr. Michael Williams reports

FULL METAL SELLS INTEREST IN PEBBLE SOUTH PROPERTY TO PLP

Full Metal Minerals Ltd. has entered into a membership interest purchase and sale agreement, dated April 30, 2013, with Pebble LP, a 50/50 partnership between a wholly owned subsidiary of Anglo American PLC and a wholly owned affiliate of Northern Dynasty Minerals Ltd., pursuant to which Pebble will purchase an unencumbered 100-per-cent membership interest in the joint venture entity that is the indirect owner of a 100-per-cent interest in Full Metal's Pebble South property. In an agreement signed Sept. 9, 2010, as subsequently amended and restated, Pebble was earning a 60-per-cent membership interest in the joint venture entity that indirectly owns the property.

Pursuant to the terms of the membership interest purchase and sale agreement, Pebble will purchase a 100-per-cent membership interest in the joint venture entity that indirectly owns the property by making a $750,000 (U.S.) cash payment to Full Metal Minerals. Proceeds from the sale will be used to advance the Full Metal's wholly owned and joint ventured projects in Alaska, and for general working capital.