Vancouver, BC -- February 19th, 2008 -- Full Metal Minerals (FMM-TSX:V) is pleased to announce the first Phase of exploration plans for all Alaska and Yukon Properties during the 2008 season. This work will include a minimum of eight drill programs totaling 28,200 meters, with a minimum overall budget of US$17 million. A minimum $5.2 million in exploration will be funded by JV partners. The budget could increase as final work programs from some Joint Venture partners are currently being proposed and budgeted. Part of Full Metal's exploration strategy is to enter into Option Agreement with major mining companies and qualified junior explorers, while retaining a 100% interest in key 'Flagship' Properties such as 40 Mile and Lucky Shot.

The bulk of Full Metal's exploration spending will occur at the 40 Mile Property, where high grade zinc, lead and silver results were returned from drilling and surface sampling surveys during the 2007 exploration program. At Lucky Shot, the Company is currently evaluating several options including underground and surface drilling and a bulk sampling program.

With Joint Venture Partner Freeport-McMoRan Exploration Corporation, an initial drilling program has been proposed that would test multiple copper-gold-molybdenum porphyry targets at the Pebble South Property.

Drill programs are expected to commence at the 40 Mile, Moore Creek and CJ Properties during the next six weeks. Exploration programs will be initiated on the remainder of Full Metal's Properties in spring and early summer. The Company will provide further details on the 2008 exploration programs for the respective Properties as they commence. A summary of the planned Exploration Programs is as follow:

40 Mile Property (100% Full Metal)

Full Metal's largest exploration program during 2008 will focus following up on last year's high grade zinc, lead silver discovery at the 40 Mile Project in eastern Alaska. This US$6.5 million program will include 15,000 meters of drilling and additional exploration on the 235,376 acre property. The Phase 1 program will include step-out, and infill drilling at the LWM discovery, where drilling during 2007 included 44.6 meters averaging 15.9% Zn, 5.3% Pb and 76.6 g/t Ag, 15.6 meters averaging 21.2% Zn, 8.7% Pb, and 127.0 g/t Ag, and 6.48 meters averaging 464.2 g/t Ag, 31.6% Zn, 11.3% Pb and 1.41% Cu (see FMM NR#17 dated July 30th 2007).

The Phase 1 drilling will also target the highly prospective Oscar, Eva and Drumstick prospects, Additional surface sampling programs to be completed at numerous other showings and anomalies all which occur within a 90 kilometer long trend of CRD-style prospects, the majority of which have never been drill tested.

Pebble South Property (40% Full Metal / 60% Freeport McMoRan)

In early May 2008, an initial 2,000 meter drilling program is planned at the Pebble South Property, which surrounds three sides of the Pebble Partnership's (Anglo American / Northern Dynasty) giant Pebble Deposit in southwest Alaska. This $1,000,000 exploration program, which Freeport-McMoRan Exploration Corporation will fund if it successfully completes due diligence review, will test multiple geochemical and geophysical targets on the Property.

Lucky Shot Property (100% Full Metal)

Full Metal is currently awaiting results from metallurgical testing from the high-grade Lucky Shot Gold Property, located north of Anchorage, Alaska. The Company has identified multiple high-grade areas (see FMM 2007 NR#33 dated December 18, 2007) within the 2,400 meter long Lucky Shot shear.

The Company is considering an underground exploration, development and bulk sampling program within the Lucky Shot shear zone, as well as surface drilling testing of multiple targets on the Property. A minimum US$2.5 million exploration program is planned.

Moore Creek Property (40% Full Metal / 60% Highbury Projects)

Full Metal and Highbury Projects will be following up on last season's gold discovery at Moore Creek with an initial 3,000 meter drill program. Moore Creek is a bulk tonnage gold target in western Alaska, located near the giant Donlin Creek Deposit (Barrick / Novagold). An initial 3,000 meter drill program is expected to commence in late March 2008. Drilling will test coarse-gold bearing quartz stockwork within a open-ended 300 meter by 400 meter area that was discovered during the 2007 trenching program, which included 8.9 g/t Au over 11 meters (see FMM 2007 - NR #29 dated November 16, 2007). A total of 40 samples were taken over 300 meters of strike length from the Spring Zone at Moore Creek (the majority of which are channel samples) with grades ranging from 30.15 g/t Au to 0.005 g/t Au, and averaging 2.38 g/t Au. The Phase one budget for the 2008 program is US$1.2 million.

CJ Property (40% Full Metal / 60% Altair Ventures)

Full Metal and Altair are currently mobilizing to the CJ gold Property, located adjacent to a paved highway in southeast Alaska. A 1,700 meter core drilling program will target the historic Dawson Mine, which occurs within a 3,200 meter long trend, and where historic results returned high-grade drill hole intercepts (see FMM 2007 - NR #31 dated December 10, 2007). This US$650,000 exploration program will commence immediately following final receipt of exploration permits.

Alaska Porphyry Reconnaissance (40% Full Metal / 60% BHP Billiton)

The Companies will commence an airborne geophysical survey in late February 2008, targeting multiple copper-gold-molybdenum porphyry targets staked by Full Metal. In early May 2008, an extensive program of surface mapping, sampling and ground geophysics will commence, with the objective of developing drill targets. The budget for this program is estimated to be US$1.3 million.

Alaska Peninsula (35% Full Metal / 65% Metallica Resources)

Project operator Metallica Resources Alaska is currently reviewing results from its 2007 exploration program, and is budgeting for a field program in 2008. Multiple copper-gold-molybdenum porphyry targets located near tidewater occur on the Property, with the undrilled Kawisgag and Mallard Duck Bay porphyry targets being the primary focus of this year's exploration program. The 2008 program will include the required minimum work commitment of US$400,000 to conduct surface mapping, sampling and geophysics which may be followed by a larger program involving 1,500 meters of first pass reconnaissance drilling of the Kawisgag porphyry target.

Boulder Creek and McCarthy Marsh Properties (35% Full Metal / 65 % Triex Resources)

The Boulder Creek Joint Venture, operated by Triex, has spent three years delineating the Boulder Creek uranium deposit on Seward Peninsula, and exploring for additional deposits in the district. Drill programs were completed in both 2006 and 2007, and total expenditures to date exceed $2.5 million. Work in 2008 has a preliminary budget of $800,000, and will focus on fully delineating the extent of surface mineralization (soils and rocks) at the newly discovered Fireweed occurrence (see FMM 2007 NR#27 dated October 24, 2007), with a contingency for follow-up drilling late in the summer pending results.

Mount Andrew / Kasaan Property (100% Full Metal)

Drilling during 2006 and 2007 at the Mount Andrew IOCG Project in southeast Alaska returned encouraging copper and iron values over significant widths (see FMM 2007 NR#24 dated October 4, 2007). The Project's location adjacent to tidewater is ideal for a bulk-tonnage target; Full Metal is planning a minimum 1,000 meter drilling program to step-out from and infill drill areas tested during prior programs. The budget for this exploration program is US$500,000 and is expected to commence in June.

OG Property (100% Full Metal)

The OG Property hosts extensive carbonate-replacement (CRD) type zinc-lead-silver mineralization and is located north of Dawson in the Yukon Territory. Surface work during the 2007 exploration program identified two 1.0 and 1.7 square kilometer multielement soil anomalies, coincident with massive and semi-massive mineralization on surface and a gravity geophysical anomaly. Full Metal is planning a $1.3 million, minimum 2,500 meter core drilling program to test these anomalies in the spring. Full Metal is currently considering strategic joint venture options with qualified mining and exploration companies to jointly explore the OG Property.

About Full Metal

In addition to the Company's extensive portfolio, Full Metal is continuing to generate new gold and base metal opportunities in Alaska and the Yukon. Full Metal invests significantly in grass roots exploration, with a minimum budget of US$1.0 million planned for 2008.

Full Metal's 2007 exploration programs in the Yukon and Alaska were performed under the supervision of Robert McLeod, P.Geo, Vice-President Exploration for Full Metal Minerals, and a Qualified Person as defined by NI 43-101. Drill cores were cut in half using a Diamond saw, with one-half placed in sealed bags. Core and surface samples were delivered by Full Metal personnel to ALS-Chemex Labs facility in Fairbanks, Alaska. A sample quality control/quality assurance program is in place. Mr. McLeod prepared and approved the information contained in this release.

ON BEHALF OF THE BOARD OF DIRECTORS

"Michael Williams"

Michael Williams
President and Director

Contact: Jeff Sundar
Manager, Investor Relations

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.

Some statements in this news release contain forward-looking information, including without limitation statements as to planned expenditures and exploration programs. These statements address future events and conditions and, as such, involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different 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.