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First Metals Drilling Confirms Fabie Copper Deposit

Posted on: Monday, 25 September 2006, 12:00 CDT

First Metals Inc. (TSX: FMA) is pleased to report on the results of three (3) confirmation drill holes completed on the Fabie Bay Volcanic Massive Sulphide (VMS) Copper Deposit in the Noranda Camp.

Management is very encouraged by the favorable widths and grades that confirm the continuity of the deposit. The initial hole was drilled at -58 degrees to supplement hole H04-01 carried out by Globex (TSX: GMX), which intersected the Fabie Bay Massive sulphide lens at a down-hole depth of 125-128m and returned a weighted average grade of 3.4% Cu along a drill core length of 3.7m (or 3.3m estimated true width.) Each of the holes was approximately 180- 200m in depth, and each intercepted massive and semi-massive sulphide mineralized zones, as follows:

 ----------------------------------------------------------------------- - Hole #               Dip  From (m)   To (m)  Intersection (m)   Cu Grade ------------------------------------------------------------------------ H04-01       -58 degrees     125m     128m              3.7m        3.4% ------------------------------------------------------------------------ FMI-06-02    -45 degrees     122m     134m             11.6m        1.5% ------------------------------------------------------------------------ FMI-06-03    -45 degrees     122m     133m               11m        2.8% ------------------------------------------------------------------------ FMI-06-04    -58 degrees     120m     145m             28.8m        2.9% ------------------------------------------------------------------------ 

Drill holes H04-01 and FMA 06-02 were drilled at the same location and FMI-06 03 and 04 were drilled on section, 15 m to the west. The drilling was carried out by Forage Benoit Ltee, and the assays were processed at Expert Laboratory Inc. in Rouyn-Noranda.

The diamond drill program had multiple purposes: to verify the historic grades and widths of the deposit and validate the historic data and interpretation; to provide new core samples for both rock mechanics and metallurgical test work; and also to provide additional data input for the upgrading of the National Instrument Policy 43-101 resource calculation to a reserve calculation. The Technical Report on the Mineral Resource Estimate for the Fabie Bay Property, prepared by Micon International Limited, states that there is an in-situ inferred resource of 672,800 tonnes grading 2.77% copper.

SGS Lakefield Research Limited has been retained to complete the metallurgical test work on the 50% split of the NQ core and the related Certificate of Approval to deposit tailings, which will be required prior to any custom milling.

The technical content of this news release has been reviewed for accuracy and content by Charles Gryba, P.Eng., First Metals Inc., C.O.O. and a Qualified Person under National Instrument 43-101. First Metals Inc. is a junior exploration company listed on the TSX Exchange with 30,832,555 shares issued and outstanding.

 Contacts: First Metals Inc. James Beatty Chairman (416) 867-8083 www.firstmetalsinc.com  Blackwell Investor Relations (416) 364-3123 blackwell@tcn.net

SOURCE: First Metals Inc.

Source: MARKET WIRE

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