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FOR IMMEDIATE RELEASE                  	                                     		          March 5th, 2014
(FMM 2014 - NR #2)

Full Metal Reacquires 100% Interest in Pyramid Copper Deposit, Alaska

Vancouver, BC -March 5th, 2014 ( Full Metal Minerals Ltd. (FMM-TSX:V) ("Full Metal") is pleased to announce that the C
--->ompany has re-acquired from Antofagasta Minerals S.A. ("Antofagasta") a 51% interest in Pyramid Copper-Gold-Molybdenum
---> Porphyry Project in Alaska, subject to approval from the TSX Venture Exchange (the "Property").  Full Metal owns a 49
--->% interest in the Project.  Antofagasta had been in Phase II of the Option Agreement with Full Metal, with Antofagasta
---> having further rights to earn up to an 80% interest in the Property.
As consideration for the Assignment, Full Metal will make cash payments to Antofagasta in an aggregate of US$5,500,000
---> (the "Assignment Payments"), subject to certain acceleration and dispositions clauses, as follows:
US$3,000,000 ("First Assignment Payment") on or before the fifth anniversary of the Assignment Date; and
US$2,500,000 ("Second Assignment Payment") upon the completion of a positive, bankable Feasibility Study, where the da
--->te of the payment of this final US$2,500,000 is referred to as the ("Final Payment Date").

"Consolidating a 100% interest in Pyramid will allow Full Metal to step-out from near-surface higher grade copper mine
--->ralization identified to date at Pyramid, test new targets, as well as explore the large, adjacent 60 km2 San Diego Ba
--->y zone of alteration and anomalous polymetallic mineralization," said Rob McLeod, P.Geo, CEO of Full Metal Minerals. "
--->We are grateful for the excellent technical work performed by Antofagasta, that led to our discovery at Pyramid.  Anto
--->fagasta, through its affiliate company Antofagasta Investment Company Limited, a wholly-owned subsidiary of Antofagast
--->a Plc., will be exposed to exploration upside on the Property through their 15% shareholding in the Company."

The Pyramid Deposit 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.  From 2010 to 2012, drilling has spanned an
---> area measuring approximately 1,800 meters east-west and 1,050 meters north-south.  From 2010-2012, 30 diamond drill h
--->oles totaling 7,486 meters were drilled at Pyramid. The Property hosts an Inferred Resources (see Report filed on Seda
--->r, dated June 21, 2013, was prepared according to NI 43-101 guidelines and in accordance with CIM Standards on Mineral
---> Resources and Reserves, under the supervision of independent qualified persons, The report was compiled by Dr. Gilles
---> Arseneau, P.Geo., and Darrell Farrow, M.Sc., Pr.Sci.Nat., both Associates with SRK Consulting (Canada) Inc.).

At a 0.21% copper equivalent cut-off, total contained copper in the Inferred resource category is estimated to be 1,33
--->8,000,000 pounds of copper, 74,000,000 pounds of molybdenum and 488,000 ounces of gold. Both near-surface supergene en
--->riched mineralization as well as hypogene copper mineralization were modeled and interpolated.  The mineral resource e
--->stimate 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.

The inferred resource for the Pyramid deposit reported at Cu Eq. grade of 0.21 percent is presented in Table 1.

Table 1:  Mineral resource statement, Pyramid Deposit, SRK Consulting (Canada) Inc., May 09, 2013
Deposit
 Class
 Tonnes
 Au g/t
 Au oz
 Cu %
 Cu lb
 Mo %
 Mo lb
 
 Pyramid
 Inferred
 173,000,000
 0.088
 488,000
 0.35
 1,338,000,000
 0.02
 74,000,000
 
 Note:  All numbers have been rounded to reflect the relative accuracy of the estimates.
Mineral resources are reported in relation to a conceptual pit shell.  Mineral resources are not  mineral reserves and
---> do not have demonstrated economic viability. The contained copper represents estimated contained metal in the ground 
--->and has not been adjusted for metallurgical recoveries.
 A copy of the report is available at www.sedar.com.
 Qualified Persons:
 The resource estimate and associated information was prepared under the supervision of, and approved by, independent 
--->consultants to the Company, Dr. Gilles Arseneau, P.Geo., and Darrell Farrow, M.Sc., Pr.Sci.Nat., with assistance from 
--->Michael Tedeschi of FMM. The information contained in this report was provided by FMM. Dr. Arseneau carried out a visi
--->t to the Pyramid Project on March 19 and 20, 2013 to examine drill core, core logging and sampling procedures, and vis
--->it the drill sites. Mineral resources were estimated by Darrell Farrow, Pr.Sci.Nat, under the supervision of Dr. Arsen
--->eau.  The contents of the news release have been reviewed and approved by Robert McLeod, P.Geo., CEO and VP Exploratio
--->n of Full Metal  Minerals. Dr. Arseneau, Ms. Farrow and Mr. McLeod are Qualified Persons as defined in National Instru
--->ment 43-101.

Full Metal is a generative exploration company focus on discovery in Alaska. The Company has completed 18 joint ventur
--->es and multiple base and precious metal discoveries since foundation in 2003. 

ON BEHALF OF THE BOARD OF DIRECTORS

"Robert McLeod"

Robert McLeod	
CEO, VP Exploration and Director


For more information please contact: 

Rob McLeod
rm@fullmetalminerals.com
604-484-7855

		Suite 1500, 409 Granville Street, Vancouver, BC V6C 1T2
Telephone: 604-484-7855 Fax: 604-484-7155 
Email info@fullmetalminerals.com
 www.fullmetalminerals.com


The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.