Re: Formation Metals Inc.

News Release Thursday, June 20, 2013 FORMATION METALS ANNOUNCES DISMISSAL OF DUNDEES INJUNCTION APPLICATION To: tsx Vancouver, B.C., June 20, 2013, Formation Metals Inc.

(FCO-TSX) ("Formation" or the "Company") announces that the Supreme Court of British Columbia today dismissed Dundee Corporations ("Dundee") application for an injunction to halt the potential sale of Formations Sunshine Precious Metals refinery, copper refinery and certain lands at the Big Creek Hydrometallurgical Complex in Shoshone County, Idaho, to certain entities that are associated or affiliated with Waterton Global Resource Management, Inc. Dundee sought only injunctive relief and did not proceed with its petition with respect to the issue of shareholder approval of any sale, nor leave to bring a derivative action.

The Company will continue to vigorously oppose any further action taken by Dundee against the Company. As per the Companys June 14, 2013 news release, Formation considered the allegations made by Dundee publicly to be without merit, to be designed to disrupt the business of the Company and to be brought for collateral purposes related to Dundees previously announced intention to contest the election of directors at the upcoming Annual General and Special Meeting of the Company on June 21, 2013.

Formation Metals Inc. "Mari-Ann Green" Mari-Ann Green C.E.O. For further information please contact: E.R.

(Rick) Honsinger, P.Geo., V.P.

Corporate Communications Formation Metals Inc., 1810 -- 999 West Hastings Street, Vancouver, BC, V6C 2W2 Tel: 604-682-6229 - Email: -- Web: formationmetals.com For further information please contact: E.R.

(Rick) Honsinger, P.Geo.

V.P.

Corporate Communications Formation Metals Inc. 1730 - 999 West Hastings Street Vancouver, BC, V6C 2W2 Tel: 604-682-6229 Email: Web: formcap.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.
You can also view this News Release on our website at: http://www.formationmetals.com/s/News.asp?ReportID=589454 ======================================================================= Copyright (c) 2009 FORMATION METALS INC.

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