The 2012 Backyard Agriculture workshop series, sponsored by the Salmon Local Food group, got off to an incredible start on Thursday, January 26.

Vancouver, B.C., December 6, 2011 Formation Metals Inc. (FCO-TSX) (the "Company") is providing an update on the progress of construction on its 100% owned Idaho Cobalt Project ("ICP"), managed by JDS Energy & Mining. The ICP is comprised of a primary cobalt deposit in Lemhi County near the town of Salmon, Idaho, and the Cobalt Production Facility in Shoshone County, near Kellogg, Idaho, U.S.A. Subsequent to the Company's news release dated September 8, 2011, considerable construction progress has been made at the minesite and at the Cobalt Production Facility. These areas include the Crusher and Concentrator Pads, Tailings Waste Storage Facility ("TWSF"), Portal Bench, Powerline, Tram Right of Way and Discharge Terminal at the minesite, as well as pad preparation and concrete pouring at the Cobalt Production Facility. Photographs documenting the construction progress are available at the Company's website at www.FormationMetals.com.