by FPX Nickel FPX Nickel

Vancouver, February 9, 2012 — First Point Minerals Corp. (FPX-TSX.V) (“First Point” or the “Company”) is pleased to announce that it has received conditional approval for its common shares to be listed on the Toronto Stock Exchange (“TSX”), subject to customary deliverables. First Point’s common shares will commence trading on the TSX, once final approval is received, under the symbol “FPX”.

“First Point’s graduation to the TSX is a testament to the significance of the Company’s pioneering work on nickel-iron alloy deposits. The TSX is one of the world’s leading stock exchanges for mining and exploration companies and the listing will broaden First Point’s exposure to international investors,” said Peter Bradshaw, Chairman of First Point. “Together with the recent appointment of Jim Gilbert as president and CEO (see News Release dated January 24, 2012), who takes up his duties in the middle of this month, this is yet another important milestone in the evolution of First Point.”

About First Point
First Point Minerals Corp. is a Canadian base and precious metal exploration company. The Company’s primary asset is the Decar nickel-iron alloy project in central British Columbia, which is currently held 49% by First Point and 51% by Cliffs Natural Resources. In addition to Decar, First Point holds eight other 100%-owned nickel-iron alloy properties in B.C., Yukon and Australia. For more information, please view the Company’s website at or contact Peter Bradshaw, President and CEO, or Rob Robertson, VP Corporate Development, at (604) 681-8600.

On behalf of First Point Minerals Corp.

“Peter Bradshaw”
Peter Bradshaw, Ph.D., P. Eng., Chairman – TSX Venture Exchange: FPX

Suite 906 — 1112 West Pender Street
Vancouver, BC Canada V6E 2S1
Tel: 604.681.8600 Fax: 604.681.8799
e-mail: [email protected]

Neither the TSX Venture Exchange nor its Regulation Services Provider accepts
responsibility for the adequacy or accuracy of this release.