Vancouver, September 9, 2013 — First Point Minerals Corp. (FPX-TSX) (“First Point” or the “Company”) today announced that Cliffs Natural Resources Exploration Canada Inc., an affiliate of Cliffs Natural Resources Inc. (NYSE: CLF) (Paris: CLF) (“Cliffs”), has elected to proceed to the Prefeasibility Study phase at the Decar nickel-iron alloy project in central British Columbia. By sole funding completion of a NI 43-101 compliant Prefeasibility Study by August 2015, Cliffs has the option to earn an additional 5% interest in the Decar project. By making the election to proceed to the Prefeasibility Study phase, Cliffs also maintains the right to earn a further 10% interest in the Decar project by sole funding a Bankable Feasibility Study.
First Point Minerals Provides Exploration and Metallurgical Testing Update
Vancouver, August 14, 2013 — First Point Minerals Corp. (FPX-TSX) (“First Point” or the “Company”) is pleased to provide an update on its ongoing exploration program underway on several of its nickel-iron alloy properties in British Columbia (“B.C.”) and the Yukon. One of the objectives of the Company’s 2013 exploration campaign budgeted at $1 million is to delineate potential drill targets on First Point’s 100%-owned properties — Wale and Orca in BC, and Mich in the Yukon — and to collect large >300 kilogram surface samples from these targets.
First Point Minerals and Cliffs Extend Option Agreement Deadline by 30 Days
Vancouver, August 6, 2013 — First Point Minerals Corp. (FPX-TSX) (“First Point” or the “Company”) wishes to announce that by mutual agreement of the parties, First Point and Cliffs Natural Resources Exploration Canada, an affiliate of Cliffs Natural Resources Inc. (NYSE: CLF) (Paris: CLF) (“Cliffs”), have extended by 30 days, to September 5, 2013, the deadline by which Cliffs can make its election to self-fund the Pre-feasibility Study phase of the Decar project, under the terms of the existing option agreement between the Company and Cliffs.
First Point Minerals Announces Annual General Meeting Results
Vancouver, July 29, 2013 — 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 June 26, 2013 were elected as directors of First Point at the Company’s annual general and special meeting of shareholders held in Vancouver on Thursday, July 25, 2013 (the “Meeting”).
First Point Minerals Provides Exploration Update on its 100%-Owned Nickel-Iron Alloy Properties in British Columbia and Yukon
Vancouver, June 26, 2013 — First Point Minerals Corp. (FPX-TSX) (“First Point” or the “Company”) is pleased to announce that field exploration has begun at its 100%-owned Mich nickel-iron alloy property in the Yukon. The Company’s overall 2013 exploration program is budgeted at $1 million and will also include exploration work at the 100%-held Orca and Wale properties in northern British Columbia, as well as continued reconnaissance exploration globally for new nickel-iron alloy targets.