Full Metal Zinc Closes Non-Brokered Private Placement And Finalizes Acquisition of San Andres Property

Vancouver, March 4, 2014 – Full Metal Zinc Ltd. (the “Company” or “Full Metal Zinc”) is pleased to announce that further to its news release of August 29, 2013, it has closed its non-brokered private placement of 20,035,000 Units (the “Units”) at a price of $0.05 per Unit for gross proceeds of $1,001,750. 21.5% participation of the private placement is from insiders of the Company.

Each unit consists of one common share of the Company (a “Share”) and one non-transferable common share warrant of the Company (a “Warrant”), with each Warrant entitling the holder to purchase one additional Share at an exercise price $0.10 per Share until February 27, 2016.

In connection with the financing, the Company has paid cash finders’ fees to certain finders for an aggregate amount of $40,600, which is equal to 7% of the total subscription amount of the number of Units introduced by the finders to the Company, and has issued an aggregate of 1,160,000 finders’ warrants (the “Finders’ Warrants”), which is equal to 10% of the number of Units purchased by subscribers introduced by the finders to the Company. Each Finders’ Warrant entitles the holder to acquire an additional Share for until February 27, 2016 at a price of $0.10 per Share.

All securities issued in connection with the Financing will be subject to a four-month hold period expiring on June 28, 2014.

The Company has also finalized a Purchase Agreement for the San Andres property with Minera ISP, S. de R.L. de C.V. and certain of its affiliates, including Inversiones Mineras ISP San Andres, S. de R.L. de C.V., Operaciones Minera ISP San Andres, S. de R.L. de C.V. and Servicios Mineras ISP, S. de R.L. de C.V., dated February 27, 2014, to purchase all issued and outstanding social parts representative of the Capital stock of Minera ISP, assuming all employment agreements and acquiring all assets from Operaciones Minera ISP San Andres S. de RL de CV.

The acquisition of the above is expected to close within the next three weeks and will be satisfied through the issuance of 10,000,000 common shares of the Company and $260,000USD of which $25,000USD had previously been paid.

The proceeds of the financing will be used primarily to pay the cash component of the San Andres acquisition cost as well as technical due diligence and legal expenses in conjunction with the transaction. The remaining proceeds will be applied to the initial exploration efforts by the Company on the San Andres Property as well as general working capital.


ON BEHALF OF THE BOARD OF DIRECTORS

"Doug Ramshaw"
Doug Ramshaw, President & CEO

604-484-7855



Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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.