Full Metal Minerals has discovered a copper-gold-molybdenum porphyry system at its Pyramid project in Alaska that remains open. It has a number of early stage exploration projects in Alaska and partnerships with larger mining companies. At the Pyramid project, drilling continues to expand the mineralized zone and intersect high grades. The company also holds the zinc-rich Fortymile project in Yukon where recent drilling discovered massive sulphide mineralization. Going forward, Full Metal Minerals plans to further explore its projects and evaluate other brownfields zinc opportunities.

2. Company Overview
• Discovery at the Pyramid project –
Cu-Au-Mo porphyry that remains
open in all directions and depth
• Alaska focused: Gold and Copper
• Partners: Antofagasta and Anglo
American/First Dynasty Mines
• Numerous greenfields projects;
management team discovered
Underworld’s White Gold Project
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3. Share Structure
Symbol: TSX.V – FMM
Shares Outstanding: 49,631,977
Fully Diluted: 61,196,952
Stock Options: Exercise Price Expiry
4,395,000 $0.63 - $0.68 Nov 2019 - July 2021
Warrants: Exercise Price Expiry
7,169,975 $0.75 July 2012 - Sept 2012
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4. Senior Management & Directors
• Michael Williams President & Director
• Robert McLeod P. Geo., CEO, VP Exploration & Director
• Carl Hering PhD., Director
• Tony Cange Director
• Darryl Cardey C.A., Director
Technical Team
• Jodie Gibson M.Sc. Senior Geologist
• Joey Wilkins B.Sc. Chief Geologist
• Cale Moodie CA CFO
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5. Key Projects 2011/2012
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6. The “Ring of Fire”
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7. Cu-Mo-Au targets, SW Alaska
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8. Pyramid Property:
49/51 FMM/Antofagasta
• Porphyry discovery with
supergene enrichment
• Near surface mineralization
• Adjacent to tidewater, Native
partnership
• All 5 holes hit significant
mineralization in 2010
• 2011 Drill Program – 12 holes,
extended mineralization in
multiple directions and
intersected highest grade to date
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9. 2010/11 Selected Drilling
Highlights
Hole-ID From (m) To (m) Length (m) Cu % Au (g/t) Mo % Cu eq. %
PY10-01 32.3 499.9 467.6 0.27 0.05 0.019 0.43
PY10-02 4.6 356.6 352.1 0.34 0.07 0.008 0.45*
PY10-05 6.4 201.2 194.8 0.63 0.14 0.018 0.85*
PY11-07 6.0 110.0 104.0 0.56 0.13 0.009 0.72
Including 12.0 60.0 48.0 0.74 0.15 0.011 0.93
PY11-10 16.7 327.0 310.3 0.39 0.10 0.009 0.53*
PY11-16 94.0 249.9 155.9 0.71 0.18 0.018 0.97*
Including 226.0 246.0 20.0 0.99 0.15 0.012 1.19
PY11-17 44.0 161.5 117.5 0.60 0.08 0.024 0.81*
Including 93.0 136.0 43.0 0.77 0.09 0.026 1.00
Copper equivalent % calculated using $2.00/lb Cu, $1,150/oz Au, and $12/lb Mo * Hole ended in mineralization
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10. Pyramid Property
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11. Pyramid Property
Open
Open
Open
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12. Pyramid Property
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13. Full Metal Minerals:
Moving forward…
Pending Results
• Potential 2012 Pyramid
exploration program with
Antofagasta:
1. Confirm and expand the
new high grade zone to the
southeast
2. Test down-dip extensions
3. Expand the limits of known
mineralization to the north
and west
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15. Senior Management & Directors
• Michael Williams Chairman & Director
• Steve Hayes President & CEO
• Robert McLeod P. Geo., Director
• Aaron Keay Director
• Adrian Fleming Director
• Al Paterson Director
• Cale Moodie C.A., Director
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16. New Management
New President and CEO – Steve Hayes
Mr. Hayes began his career with Noranda Sales
Corporation, working in multiple commodity groups in a
commercial capacity over the course of eight years.
Thereafter, he joined Breakwater Resources, a mid tier
zinc focused mining company. Over a 14-year career
with Breakwater, Mr. Hayes was responsible for the
company's marketing, purchasing and ultimately
corporate development. Mr. Hayes left Breakwater in
conjunction with its recent takeover by Nyrstar.
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17. Share Structure
Symbol: TSX.V : FZ
Shares Outstanding: 33,615,989
Fully Diluted: 44,685,974
Stock Options: Exercise Price Expiry
3,084,997 $0.185 - $0.265 November 2019 – July 2021
Warrants: Exercise Price Expiry
7,984,988 $0.22 - $0.35 July 2012 – July 2013
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18. Zinc Usage
First Use End use
Oxides and Chemicals
Industrial
Machinery
Semi-Manufactured
Products Consumer Products
Die-casting Alloys
Infrastructure
Brass Transport
Galvanizing Construction
Miscellaneous
Zinc consumption highly correlates to industrial growth. 50% of zinc now used is in
galvanizing, with 85% of demand derived from construction, infrastructure and
transportation.
Source: Brook Hunt
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19. Zinc Demand
Growth in Global Zinc Demand 2010-
2015
47%
32%
24%
21% 22%
15%
10% 12%
Europe Japan North Oceania Africa Latin Asia (ex China
America America Japan &
China)
Source: Brook Hunt
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20. Zinc Market
• Zinc supply is constrained in the near-term by a
depletion of large mines and a lack of similarly-sized and
quality mines ready to replace them.
• New production coming on-line is associated with much
smaller mines with more limited mine life. This is not
likely to improve the production efficiencies of an already
fragmented industry.
• Mine supply-side bottlenecks appear inevitable in 2015
and beyond.
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21. Zinc Market
• Significant mine closures such as Century (Australia)
500,000 t/y, Brunswick and Perseverance (Canada)
340,000 t/y and Lisheen (Ireland) 170,000 t/y with only
moderate replacement from new openings will move the
zinc market back into deficit by 2014/15.
• Xstrata estimates 1.9 Mt/y of zinc mine capacity will
close by 2016 and only 800,000 t/y of new projects
brought on stream to replace the lost mine supply.
Furthermore, Xstrata forecasts a supply gap of 7 Mt/y by
2020.
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22. Zinc Market
Zinc Metal World Balance (t)
1000000
800000
600000
400000
200000
0
-200000
-400000
-600000
-800000
Source: CRU Group 2011
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23. 40 Mile Property: 100% Full Metal Zinc
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24. 40 Mile Property: Regional Potential
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25. LWM: Kill Zone
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26. LWM: Massive Sulphide Discovery
*In Meters
Hole-ID From To Length Ag (g/t) Zn % Pb % Cu %
LWM06-01 30.2 42.3 12.1 110.9 15.7 4.0 0.32
Including… 35.7 42.3 6.6 200.8 27.0 7.2 0.56
LWM07-04 14.1 26.4 12.27 68.6 8.1 3.7 0.13
74.2 119 44.57 76.6 15.9 5.3 0.19
Including… 98.67 119 20.1 159.4 19.7 11.1 0.37
LWM07-05 52 60.5 8.5 105.3 12.3 8.0 0.08
Including… 55 57.5 2.5 340.0 21.0 26.1 0.59
LWM07-07 101.9 118 15.6 127.0 21.2 8.7 0.22
including:… 101.9 113 11.1 169.8 26.3 11.7 0.3
LWM07-09 211.5 218 6.5 464.2 31.6 11.3 1.41
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27. 2012 & Beyond
• Continue exploration at the Fortymile project
• Evaluation of “brownfields” zinc opportunities
• Establish Full Metal Zinc as a company leveraged to
the zinc market dynamics that suggest significant
supply shortfalls moving forward
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