Full Metal to Sell Interest in Unga/Popov Gold Property to Redstar Gold Corp.

Full Metal Minerals Ltd. (TSX VENTURE:FMM) ("Full Metal") is pleased to announce
that it has signed a letter agreement to sell its interest in the Unga/Popov
Gold Property to Redstar Gold Corp (TSX VENTURE:RGC) ("Redstar"). Redstar
currently holds an option to acquire a 60% interest in the property from Full
Metal (see the Full Metal news release dated June 13, 2011). Full Metal has an
Exploration Agreement with Option to Lease with the Aleut Corporation, an Alaska
Native-owned Regional Corporation.


Under the terms of the letter agreement, Redstar will issue 4,000,000 shares and
pay $50,000 to Full Metal. Closing of the transaction is subject to conditions
including receipt of TSX Venture Exchange approval, the completion of a
definitive agreement and signing Surface Access Agreements for the Unga
Property.


"Enabling Redstar to proceed with exploration with a 100% interest on the
Unga/Popov Property is in the best interest of both Companies," said Robert
McLeod, CEO and Vice-President of Exploration for Full Metal. "Full Metal will
continue to be exposed to exploration upside in the Property through our
shareholding, and the transaction will allow us to concentrate on the nearby
Pyramid copper-gold-molybdenum Deposit."


Full Metal is a generative exploration company focusing on precious and base
metal projects in Alaska. 


ON BEHALF OF THE BOARD OF DIRECTORS

Robert McLeod, CEO and VP Exploration

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


Cautionary Note Regarding Forward-Looking Statements: Certain disclosure in this
release regarding the sale by Full Metal of an interest in the Unga/Popov Gold
Property may constitute "forward-looking statements" within the meaning of
Canadian securities legislation. In making such forward-looking statements, Full
Metal has applied certain factors and assumptions that the Company believes are
reasonable, including that regulatory approval of the proposed transaction and
required consents and agreements will be obtained and that the other conditions
to completion of the transaction will be satisfied. However, the forward-looking
statements in this release are subject to numerous risks, uncertainties and
other factors that may cause future results to differ materially from those
expressed or implied in such forward-looking statements. Such uncertainties and
risks include, among others, delays in obtaining or inability to obtain required
regulatory approvals and inability to satisfy the other conditions to closing.
There can be no assurance that such statements will prove to be accurate, and
actual results and future events could differ materially from those anticipated
in such statements. Readers are cautioned not to place undue reliance on
forward-looking statements. The Company does not intend, and expressly disclaims
any intention or obligation to, update or revise any forward-looking statements
whether as a result of new information, future events or otherwise, except as
required by law.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Full Metal Minerals Ltd.
Rob McLeod
604-484-7855
604-484-7155 (FAX)
rmcleod@fullmetalminerals.com
www.fullmetalminerals.com

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