by FPX Nickel FPX Nickel

First Point Announces Follow-on Private Placement Financing

Vancouver, July 19, 2012 — First Point Minerals Corp. (FPX-TSX.V) (“First Point” or the “Company”) announces that Cliffs Natural Resources Exploration Inc., an affiliate of Cliffs Natural Resources Inc. (NYSE: CLF) (Paris: CLF) (“Cliffs”), has notified First Point of its intention to exercise its pre-emptive right, which was granted under the terms of the Option Agreement between the parties dated November 12, 2009, as amended (the “Option Agreement”), to acquire sufficient securities of the Company in order that Cliffs will hold a 15% ownership interest in First Point.

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First Point Minerals Updates Drilling Progress at Decar

Vancouver, July 12, 2012 — First Point Minerals Corp. (FPX-TSX.V) (“First Point” or the “Company”) is pleased to report that an approximately 15,000-metre drilling program is currently underway at the Decar nickel alloy project in central British Columbia. The Decar project is currently in the Preliminary Economic Assessment (“PEA”) phase, and is managed and operated by Cliffs Natural Resources Exploration Canada Inc., an affiliate of Cliffs Natural Resources Inc. (NYSE: CLF) (Paris: CLF) (“Cliffs”).

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First Point Minerals Stakes Nickel-Iron Alloy Occurrences in Norway

Vancouver, July 5, 2012 — First Point Minerals Corp. (FPX-TSX.V) (“First Point” or the “Company”) is pleased to announce that it has acquired two properties in Norway after its ongoing global exploration campaign identified anomalous nickel-iron alloy occurrences.

Based an earlier reports and work from the Norwegian Geological Survey, together with the results of early-stage surface sampling, First Point has staked the 100%-owned Fera property, located 300 kilometres north of Oslo. The Fera property covers 152 square kilometres and hosts several ultramafic bodies of variable size forming an 18-kilometre-long, east-trending belt that correlates with a well-defined airborne geophysical magnetic high. The largest ultramafic body measures about 5 by 3 kilometres in size and hosts disseminated awaruite, a naturally occurring nickel-iron alloy.

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by FPX Nickel FPX Nickel

First Point Minerals Closes Previously Announced Private Placement Financing of Flow-Through Shares

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES

Vancouver, British Columbia — First Point Minerals Corp. (FPX-TSX.V) (“First Point” or the “Company”) is pleased to announce that it has closed its previously announced Raymond James Ltd. (the “Agent”) led best efforts private placement of common shares issued on a “flow-through” basis under the Income Tax Act (Canada) (“Flow-through Shares”). The Company received gross proceeds of C$1,610,959.80 on the issuance of 2,684,933 Flow-through Shares priced at $0.60 per Flow-through Share (the “Offering”).
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by FPX Nickel FPX Nickel

First Point Minerals Prices Flow-Through Financing

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES

Vancouver, British Columbia — First Point Minerals Corp. (FPX-TSX.V) (“First Point” or the “Company”) is pleased to announce that it has priced its previously announced best efforts flow-through financing led by Raymond James Ltd. The flow-through common shares will be priced at $0.60 for gross proceeds of up to $2,000,000 (the “Offering”). The private placement of common shares is to be issued on a “flow-through” basis under the Income Tax Act (Canada).

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