FPX Nickel - News Releases

Vancouver, August 27, 2014 – First Point Minerals Corp. (FPX-TSX) (“First Point” or the “Company”) is pleased to provide a corporate update on activities at its 40%-owned Decar nickel project (“Decar” or the “Project”), located in central British Columbia.

Decar is under option to Cliffs Natural Resources Exploration Canada Inc., an affiliate of Cliffs Natural Resources Inc. (NYSE: CLF) (“Cliffs”), pursuant to an option agreement entered into in November 2009. After spending $22 million to date and completing a Preliminary Economic Assessment (“PEA”), Cliffs has earned a 60% interest in the Project and is the operator. In September 2013, Cliffs elected to proceed to the Pre-Feasibility Study (“PFS”) phase. By sole funding completion of a NI 43-101 compliant PFS by August 2015, Cliffs has the option to earn an additional 5% interest in the Decar project and maintains the right to earn a further 10% interest by sole funding a bankable feasibility study.

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Vancouver, May 16, 2014 — First Point Minerals Corp. (FPX-TSX) (“First Point” or the “Company”) is pleased to report that all of the nominees listed in its information circular dated April 15, 2014 were elected as directors of First Point at the Company’s annual general meeting of shareholders held in Vancouver on May 14, 2014 (the “Meeting”).

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Vancouver, April 22, 2014 – First Point Minerals Corp. (FPX-TSX) (“First Point” or the “Company”) is pleased to announce the positive results from an initial market test of awaruite (nickel-iron alloy) concentrates produced from a bulk sample from the Company’s 40%-owned Decar project (“Decar”, or “the Project”) in central British Columbia. Each of the six potential consumers participating in the test indicated satisfactory technical success in their analysis and test processing of the concentrates, which had never before been presented to potential offtakers for evaluation. Alternative process routes examined included blending as feedstock to ferronickel production and direct feed to stainless steel circuits. The majority provided indicative commercial terms for the purchase of such concentrates. All participants expressed interest in continuing discussions around potential long term availability of Decar concentrates on the world market for nickel products. The identities of the participating companies are commercially sensitive and are being held confidential.

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Vancouver, December 16, 2013 — First Point Minerals Corp. (FPX-TSX) (“First Point” or the “Company”) announced today that, as a result of a review by the British Columbia Securities Commission (“BCSC”), the Company is issuing the following news release to clarify its disclosure.

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Vancouver, December 2, 2013 — First Point Minerals Corp. (FPX-TSX) (“First Point” or the “Company”) is pleased to report on the results of its 2013 exploration campaign on the Mich property in southern Yukon, and the Orca and Wale properties in northern British Columbia (“B.C.”).

First Point completed detailed rock sampling, geological mapping and ground-based magnetic geophysical surveys, with the objective to better define potential nickel-iron alloy (“awaruite”) drill targets. In addition, large surface rock samples weighing 300 to 450 kilograms were collected from the Mich and Orca properties for future metallurgical test work.

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