by FPX Nickel FPX Nickel

First Point Minerals Applies to Extend Expiry Date of Warrants

First Point Minerals Corp. (the “Company”) wishes to announce that it has made application to the TSE Venture Exchange to extend the expiry date of the Company’s outstanding warrants having an exercise price of $0.80 per common share that would otherwise expire on April 26, 2012 (the “Warrants”).

The proposed extended expiry date would be April 26, 2013. All other terms of the Warrants would remain unchanged.

About First Point
First Point Minerals Corp. is a Canadian base and precious metal exploration company. For more information, please view the Company’s website at www.firstpointminerals.com or contact Jim Gilbert, President and CEO, or Rob Robertson, VP Corporate Development, at (604) 681-8600.

On behalf of First Point Minerals Corp.

“Jim Gilbert”
Jim Gilbert, President & CEO – 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: info@firstpointminerals.com

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

by FPX Nickel FPX Nickel

First Point Grants Stock Options

First Point Minerals’ Board of Directors has approved the granting of stock options to directors, officers and employees for a total of 2,390,000 shares. The grants are being made pursuant to the Company’s incentive stock option plan which provides for the granting of options to directors, officers, employees and consultants to the Company. The options are effective February 14, 2012, have an exercise price of $0.75 per share and expire February 14, 2017.

First Point Minerals Corp. is a Canadian base and precious metal exploration company focused on the Americas and Australia.

For more information, please view the Company’s website at www.firstpointminerals.com or contact Peter Bradshaw, Chairman, or Rob Robertson, VP Corporate Development, at (604) 681-8600.

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: info@firstpointminerals.com

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

by FPX Nickel FPX Nickel

First Point Minerals Receives Conditional Approval To List On The Toronto Stock Exchange

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 www.firstpointminerals.com 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: info@firstpointminerals.com

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

by FPX Nickel FPX Nickel

First Point Minerals Expands its Executive Team

Vancouver, January 24, 2012 — The Board of Directors of First Point Minerals Corp. (FPX-TSX.V) (“First Point” or the “Company”) is pleased to announce the appointment of Mr. James S. Gilbert as President and CEO, and a Director of the Company. Dr. Peter Bradshaw, CEO of First Point since its formation, has been elected Non-Executive Chairman of the Board of Directors of the Company.

“We are truly delighted that Jim Gilbert has decided to accept the position of CEO with First Point”, states Peter Bradshaw. “The Company has reached a pivotal stage in its evolution by demonstrating that natural occurring nickel-iron alloy is potentially a very important economic source of nickel. We have every confidence that Jim can take us to the next level and I very much look forward to my continued association with First Point as Non-Executive Chairman.”

Mr. Gilbert has 30 years of experience in investment and transaction execution, with more than 20 years focused on the international mining and metals industry. His experience covers mergers and acquisitions, debt and equity financing, off-take and specialty refining agreements, joint venture negotiations and strategic marketing. Following university, he spent an initial five years with Merrill Lynch and Company, then moving on to the Wharton School, where he received his MBA in 1988. Mr. Gilbert then spent a subsequent six years with Coopers & Lybrand in the Corporate Finance Group, where his mining experience began with two Latin American privatization mandates. In 1994, Mr. Gilbert joined the Natural Resources Investment Banking of Rothschild Inc., rising to the position of Director in the North American mining and metals team. During his time with Rothschild, Mr. Gilbert and his team financed a total of 8 base and precious metals mines into production. Following Rothschild, he spent two years as Chief Investment Officer with Gerald Metals Inc, originating and managing project investment activities for the group. Most recently, Mr. Gilbert spent two years with Minera S.A., a private mining investment company, as President, CEO, and Director, where he was responsible for a portfolio of operating, development and exploration stage base and precious metals projects.

About First Point
First Point Minerals Corp. is a Canadian base and precious metal exploration company. For more information, please view the Company’s website at www.firstpointminerals.com or contact Peter Bradshaw, President and CEO, or Rob Robertson, VP Corporate Development, at (604) 681-8600.

On behalf of First Point Minerals Corp.

“John McDonald”

John A McDonald, Director and Chair of the Search Committee

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: info@firstpointminerals.com

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

by FPX Nickel FPX Nickel

First Point Minerals Discovers New District-Scale Nickel-Iron Alloy Mineralization at the Wale Property in BC

Vancouver, January 19, 2012 — First Point Minerals Corp. (FPX-TSX.V) (“First Point” or the “Company”) is pleased to announce that it has discovered widespread nickel-iron alloy mineralization while exploring the 100%-owned Wale property in northern British Columbia.

The mineralized footprint at Wale includes a 10-kilometer-long stretch of anomalous grade, disseminated nickel-iron alloy mineralization. “Wale is one of the best properties we have found to date, and is comparable to Decar in both scale and stage of exploration at the time Decar was optioned to Cliffs Natural Resources in November 2009,” said Dr. Ron Britten, First Point’s Vice-President of Exploration.

This northwest-southeast trending zone of nickel-iron alloy mineralization measures roughly 3.1 kilometres long and from 670 to 1,060 metres wide. It is defined by 113 bedrock samples that average a grade of 945 parts per million (“ppm”), or 0.09% nickel-in-alloy, based on a threshold of 500 ppm. Within this main major zone, First Point has defined two highly prospective drill targets: Head and Eagle — based on elevated nickel-in-alloy results and coarser nickel-iron alloy grain sizes.

The Head target, measuring 780 metres in length and up to 460 metres wide, is located on the crest of a north-trending ridge. It is defined by 12 rock sample sites that returned grades in the range of 460 to 1,590 ppm (0.05% to 0.16%), for an average of 1,065 ppm (0.11%) nickel-in-alloy. All of these samples contain coarse grains of nickel-iron alloy with a maximum size of between 200 and 500 microns (or 0.2 and 0.5 mm). First Point believes that surface sample assay results of greater than 500 ppm nickel-in-alloy and coarse alloy grain sizes of more than 100 microns (0.1 mm) are significant parameters to evaluate early-stage exploration prospects.

The Eagle target is located on the flank of a northwest-trending ridge and measures 2.3 kilometres long and varies from 120 to 470 metres wide. It remains open to the west and northwest. Twenty-nine rock samples averaged a grade of 946 ppm (0.09%) nickel-in-alloy within a range of 504 and 1,484 ppm (0.05% to 0.15%). All of these samples contain coarse nickel-iron alloy maximum grains that reach from 200 to 600 microns (0.2 to 0.6 mm) in size.

The Wale property is located 50 kilometres east of Dease Lake (a town on the Stewart-Cassiar Highway 37) and covers an area of 119 square kilometres. The nickel-iron alloy mineralization is hosted in a moderately serpentinized, fine-grained ultramafic that is bounded by the major Nahlin and Eaglehead faults. It is accessible by helicopter, while a rough road provides access to the southern margin of the claims.

About 50% of the property was explored in 2011, which involved mapping and the collection of 464 rock samples, of which 219 samples contain higher than 500 ppm nickel-in-alloy and average 5.2% iron, occurring primarily as magnetite, and 1,610 ppm (0.16%) chromium. Additional analyses, petrographic work and preliminary Davis Tube magnetic separation testing are anticipated over the winter months.

First Point will continue to explore the remainder of the Wale property in 2012 and follow-up with detailed mapping and sampling on the known targets in preparation of a proposed 2,000-metre drilling program later this summer.

Orca and Letain Properties

The Company also recently staked the Orca property, which covers 64 square kilometres west of Wale, based on a mapped large ultramafic body and geochemical sample results. Orca is located about 35 kilometres east of Dease Lake and 16 kilometres northwest of Wale, and will be the focus of an aggressive exploration program in 2012.

During the 2011 field season, First Point has further defined a nickel-iron alloy target at the Letain property through mapping and rock sampling. The 100%-owned Letain property is 39 square kilometres in size and covers part of the same ultramafic belt as Wale and Orca. It is situated about 77 kilometres east of Dease Lake and 34 kilometres southeast of Wale.

The main target at Letain measures approximately 820 metres in length as defined by eight rock sample sites containing disseminated nickel-iron alloy mineralization. It is located along a narrow east-trending ridge. The width of the target is obscured by talus cover that flanks both sides of the ridge.

The samples range in value from 791 to 1,964 ppm (0.08% to 0.20%), averaging 1,420 ppm (0.14%) nickel-in-alloy. Fine to coarse grains of nickel-iron alloy reach up to 50 to 200 microns (0.05 to 0.2 mm) in size. The samples will be reanalysed using Davis Tube magnetic separation to confirm whether the fine-grained nickel-iron alloy can be easily recovered magnetically. Additional field work planned for Letain in 2012 will depend on the magnetic recovery results.

Rock samples, each averaging about 1 kilogram, were taken on 200- to 300-metre spaced sites where outcrop was available along traverses. These samples were delivered to Acme Analytical Laboratories Ltd. in Vancouver (“Acme,” an ISO Certified Laboratory) for nickel-in-alloy and total nickel analysis, using the analytical procedures discussed in the Company’s November 7, 2011 news release.

In summary, First Point currently holds a 100% interest in eight different properties in British Columbia, Yukon and Australia, including drill defined targets on the Wale, Mich and Klow properties. First Point has dropped the Wheat and Bodine properties in British Columbia and the Joe property in Oregon, based on disappointing exploration results from the 2011 regional field program.

Dr. Ron Britten, P. Eng., First Point’s Qualified Person under NI 43-101, has reviewed and approved the analytical content of this news release.

About First Point
First Point Minerals Corp. is a Canadian base and precious metal exploration company. For more information, please view the Company’s website at www.firstpointminerals.com 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., President & CEO – 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: info@firstpointminerals.com

Forward-Looking Statements
Certain of the statements made and information contained herein is considered “forward-looking information” within the meaning of applicable Canadian securities laws. These statements address future events and conditions and so involve inherent risks and uncertainties, as disclosed in the Company’s periodic filings with Canadian securities regulators. Actual results could differ from those currently projected. The Company does not assume the obligation to update any forward-looking statement.