VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 30, 2012) -Full Metal Zinc Ltd. (TSX VENTURE:FZ) (the "Company" or "Full Metal Zinc") is pleased to announce a non-brokered financing, subject to regulatory approval, of up to 10,000,000 units at a price of $0.15 per unit.

Each unit will consist of one common share and one-half warrant, at a price of $0.20, exercisable for a period of two years following the closing of the private placement.

The net proceeds from the financing will be used for exploration expenses on the Company's projects 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

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