FZ

NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH U.S. NEWSWIRES

Full Metal Zinc Ltd. (TSX VENTURE:FZ) (the "Company" or "Full Metal Zinc") is
pleased to announce that further to its news release of May 31, 2012, it has
closed its non-brokered private placement of 2,400,000 Units (the "Units") at a
price of $0.10 per Unit for gross proceeds of $240,000. 21% participation of the
private placement is from insiders ("Insiders") of the Company.


Each unit consists of one common share of the Company (a "Share") and one half
of one non-transferable common share warrant of the Company (each whole warrant,
a "Warrant"), with each Warrant entitling the holder to purchase one additional
Share at an exercise price $0.15 per Share until July 20, 2014.


No finder's fees were paid or finder's warrants issued in relation to this
private placement.


All securities issued in connection with the Financing will be subject to a
four-month hold period expiring on November 21, 2012.


The net proceeds from the financing will be used for exploration expenses on the
Company's project and for general working capital.


Full Metal Zinc is currently exploring its flagship Fortymile Property in
Alaska. The Company is actively evaluating multiple zinc opportunities in the
Americas.


ON BEHALF OF THE BOARD OF DIRECTORS

Michael Williams, Vice President & Chairman

Certain disclosure in this release, including statements regarding the intended
use of proceeds from the private placement, constitute forward-looking
information or statements (collectively, "forward-looking statements") for the
purpose of applicable securities laws. In making the forward-looking statements,
the Company has applied certain factors and assumptions that are based on the
Company's current beliefs as well as assumptions made by and information
currently available to the Company, including that the Company is able to obtain
any government or other regulatory approvals required to complete the Company's
planned exploration and development activities, that the Company is able to
procure personnel, equipment and supplies required for its exploration and
development activities in sufficient quantities and on a timely basis and that
actual results of exploration activities are consistent with management's
expectations. Although the Company considers these assumptions to be reasonable
based on information currently available to it, they may prove to be incorrect,
and 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 risk factors include, among others, that the Company will be unable to
obtain required regulatory approvals on a timely basis or at all, that actual
results of the Company's exploration activities will be different than those
expected by management and that the Company will be unable to obtain or will
experience delays in obtaining any required government approvals or be unable to
procure required equipment and supplies in sufficient quantities and on a timely
basis. 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.

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