by FPX Nickel FPX Nickel

First Point Minerals Begins Drilling Wale Nickel Alloy Target

Vancouver, August 20, 2012 — First Point Minerals Corp. (FPX-TSX.V) (“First Point” or the “Company”) is pleased to announce that exploration drilling has started at the 100%-owned Wale nickel-iron alloy prospect in northern British Columbia.

A proposed drill program of up to 8 widely-spaced holes totalling about 2,800 metres will test a 3-kilometre-long target area of the Wale property. The holes are being positioned based on last year’s surface sampling results, along with visual estimates of grain size and abundance of the mineral awaruite — a naturally occurring nickel-iron alloy — from this year’s recent detailed rock sampling and mapping work.

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by FPX Nickel FPX Nickel

First Point and Cliffs Settle Arbitration Action on Decar Project

Vancouver, July 31, 2012 — First Point Minerals Corp. (FPX-TSX.V) (“First Point” or the “Company”) announces that it has agreed with Cliffs Natural Resources Exploration Canada Inc. and Cliffs Natural Resources Exploration Inc., both wholly owned subsidiaries of Cliffs Natural Resources Inc. (NYSE: CLF) (Paris: CLF) (collectively “Cliffs”), on a comprehensive settlement of a previously announced arbitration action with respect to the Decar Nickel-Iron Alloy Project (the “Decar Project” or the “Project”) in British Columbia.

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by FPX Nickel FPX Nickel

First Point Minerals Completes Previously Announced Follow-on Private Placement

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

Vancouver, July 30, 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 exercised its pre-emptive right to acquire sufficient securities of the Company in order that Cliffs will hold a 15% ownership interest in First Point, for net proceeds of C$436,454.

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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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by FPX Nickel FPX Nickel

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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