FIRST METALS INC.

First Metals Inc. announced today that, further to its press release dated July 10, 2009, it has issued 279,255,363 common shares of the company, 25,845,406 common share purchase warrants, and $2,618,000 in face value of secured promissory notes all as required under the terms of the previously announced proposal under the Bankruptcy and Insolvency Act.