Formation Metals Adds Mr. David Christie to the Board

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Mar 21, 2014) - Formation Metals Inc. (TSX:FCO) ("Formation" or "the Company") announced today that pursuant to last week's news release, it has further strengthened its Board of Directors (the "Board") with the addition of Mr. David Christie. Mr. Christie, P.Geo., a professional geoscientist, brings significant technical and analytical experience to the Board.

Mr. Christie worked as an exploration geologist with a number of resource companies for more than 14 years before moving to a mining equity research role in 2000. In 2001 he was promoted to the gold and precious mineral equity analyst role at TD Securities and moved to Scotia Capital in 2007 as the senior gold and precious minerals analyst, where he was highly ranked in industry surveys. Mr. Christie joined Bellotti Goodman Inc. as president in 2011, and assumed the role of vice-president of Goodman and Company, Investment Counsel Inc., a wholly owned subsidiary of Dundee Corporation, in late 2012. Mr. Christie is a professional geologist with APGO and NAPEG, is a fellow of the Geological Association of Canada, and has been a member of the PDAC convention committee for the past six years. Mr. Christie is also a director of Eagle Hill Exploration Corp. (EAG-TSXV) and Condor Precious Metals Inc.(a private company).

"Mr. Christie's addition to our Board augments our technical and analytical strengths - and just as significantly, serves to welcome the representation of our largest shareholder", commented Robert Quinn, Chairman of the Board of Formation Metals Inc.

The Board of Directors of Formation Metals Inc. now consists of seven members, namely, Mr. Robert J. Quinn, Chairman, Mr. David Stone, Mr. Robert Metka, Mr. James Engdahl, Mr. Greg Hahn, Mr. Scott Hean and Mr. David Christie. Governor Cecil D. Andrus remains Director Emeritus.

Formation Metals Inc. is dedicated to the principles of environmentally sound mining and refining practices, and believes that environmental stewardship and mining can co-exist. Formation trades on the Toronto Stock Exchange under the symbol FCO.

Formation Metals Inc.

J. Paul Farquharson, Interim President & CEO

This news release contains "forward-looking statements" within the meaning of applicable Canadian securities legislation. Generally, forward-looking statements can be identified by the use of forward- looking terminology. Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking statements. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The Company does not undertake to update any forward-looking statements that are contained herein, except in accordance with applicable securities laws. Further information on the Company is available at www.sedar.com.

The statements contained in this news release in regard to Formation Metals Inc. that are not purely historical are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including Formation Metals Inc.'s beliefs, expectations, hopes or intentions regarding the future. All forward-looking statements are made as of the date hereof and are based on information available to the parties as of such date. It is important to note that actual outcome and the actual results could differ from those in such forward-looking statements. Factors that could cause actual results to differ materially include risks and uncertainties such as technological, legislative, corporate, commodity price and marketplace changes.