Vancouver, B.C., February 29, 2012, Formation Metals Inc. (FCO-TSX, FMETF-OTCQX) (“Formation”) (the “Company”) announced today that the Company’s shares have commenced trading on the OTCQX(r), the United States Over-the-Counter (OTC) market’s highest tier, under the symbol FMETF.

Current financial disclosures, news releases and Real-Time Level 2 quotes for the Company’s shares can be found on www.otcqx.com and on www.otcmarkets.com. Merriman Capital, Inc. is serving as Formation’s Principal American Liaison (“PAL”) on the OTCQX, and is providing the Company with guidance on U.S. securities laws and on OTCQX requirements.

Mari-Ann Green, CEO of Formation Metals commented, “This trading platform will provide our growing list of U.S. investors effective and transparent access to trading the Company’s shares and we are pleased to join the impressive list of major international companies whose shares trade on the OTCQX.” She continued, “Our management team also welcomes our PAL Merriman Capital, and looks forward to working with them as part of our team”.


About Formation Metals Inc.

Formation is a well-established mineral exploration, development and refining company developing their shovel ready, 100% owned, primary Idaho Cobalt Deposit currently under construction. Through its wholly owned subsidiaries, Formation has additional interests in base, precious metal and uranium projects in Canada, the United States and Mexico.

About the OTCQX

OTCQX is the intelligent marketplace for the best OTC companies with the highest financial standards and superior information availability. For investor-friendly companies that qualify, OTCQX(r) offers a quality-controlled platform, a suite of customized services, and a community of professional advisors that guide them as they grow their companies.

About Merriman Capital, Inc.

Merriman Capital, Inc., a wholly owned subsidiary of Merriman Holdings, Inc. (OTCQX: MERR), is an investment banking firm providing equity and options execution services, market making, and differentiated research for high growth companies. Merriman Capital, Inc. is a registered broker-dealer and member of The Financial Industry Regulatory Authority (FINRA) http://www.finra.org/ and the Securities Investor Protection Corporation (SIPC) http://www.sipc.org/contact.cfm.


FORMATION METALS INC.
“Mari-Ann Green”
Mari-Ann Green,
C.E.O.