CORPORATE PROFILE

First Metals Inc. (FMA-T) is a newly formed public company, created to capitalize on favourable upward trends in metals prices.The First Metals management team brings a combination of mining expertise and entrepreneurial and professional experience designed to effectively and efficiently advance the development to production of two
identified copper-zinc deposits.

The location of the Fabie Bay/ Magusi River Deposits and their advanced stage of development are key components in making the project successful.

The properties are located in Quebec, a mining friendly jurisdiction, in the heart of the Abitibi Region, which boasts a long history of mining and possibly the best mining workforce in the world. Hydro, water, and equipment are readily available. Permitting is well understood, which should allow for a systematic, 'normal course,' roll-out.

The Fabie Bay/ Magusi River Deposits were first identified 35 years ago. Since then, extensive prospecting, drilling and sampling have been carried out. Juniors and seniors have worked and advanced the project over the years. Included in the work are the important phases of bulk sampling and test milling, with favourable results on both grades and recoveries. Most of the requisite elements were in place to advance to production. With the recent increases in copper and zinc demand and the corresponding price increases, the remaining elements can now be accommodated.

What still needs to be done? Suitable road access already exists; hydro installation has been commissioned; an access ramp exists to the 450 ft level and extending it to the bottom of the Fabie Bay deposit could be done in a matter of months at a relatively modest cost. Micon International Limited have prepared NI 43-101 Reports on the deposits and have recommended drill programs to bring the known resources to reserve categories. Golder and Associates have been brought in to lend their expertise in expediting the permitting process. A Mine Manager has been retained and staffing is underway. Discussions are also underway to secure custom milling, for which several alternate sources appear to exist.

Conclusion: While the project is classified as an advanced exploration project, the history of expenditures and results, the degree of advancement, including the test mining and milling, greatly reduce the risk from a geological perspective. The participation of Golder and Micon, and the previous development by Noranda and Mining Corp. also serve to mitigate the engineering challenges. The access to local infrastructure- be it people, drills, equipment or utilities, is as good as it gets. With funding and management in place, First Metals is well positioned to meet its goal of capitalizing on the current copper and zinc prices and becoming a profitable producer within a relatively short time.