Formation Metals Announces Re-Election of Directors

VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 06/21/13 -- Formation Metals Inc. (TSX: FCO) today announced the re-election of Mari-Ann Green and Scott Bending after the results were revealed at today's annual general and special meeting of shareholders.

A total of 41,440,802 common shares of the 90,887,205 shares outstanding were voted for the election of the two Class III directors at the meeting, representing approximately 45.60% of the issued and outstanding common shares of Formation. Shareholders voted to re-elect Mari-Ann Green and Scott Bending as follows:

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Nominee                                  Votes For           Votes Withheld
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Mari-Ann Green                          19,803,615                1,859,791
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Scott Bending                           20,080,431                1,582,975
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Paul Carroll                            19,287,896                  489,500
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David Christie                          19,527,396                  250,000
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Accordingly, the directors of Formation are Mari-Ann Green, Scott Bending, James Engdahl, Robert Quinn, William Scales, Robert Metka, David Stone and Greg Hahn.

"We would like to thank our shareholders for their continued support." Ms. Green said.

Ms. Green is currently also Formation's Chairman and CEO and Mr. Bending is the President.

The other resolutions considered at the meeting, being the re-appointment of Deloitte LLP as the auditor of Formation, the authorization of a majority voting policy and advance notice policy for Formation, the approval of the alteration to Formation's articles to provide for annual elections of directors and the re-confirmation of the shareholder rights plan, were passed in accordance with the recommendations of management. Detailed results of the voting will be made available in a report of voting results to be filed on SEDAR.

Formation Metals Inc.

Mari-Ann Green, C.E.O.

Contacts:

Formation Metals Inc.

E.R. (Rick) Honsinger, P.Geo.

V.P. Corporate Communications

604-682-6229
inform@formationmetals.com
www.formationmetals.com