by FPX Nickel FPX Nickel

First Point Minerals Completes Widely-Spaced Exploration Drill Program at Wale

Vancouver, October 2, 2012 — First Point Minerals Corp. (FPX-TSX.V) (“First Point” or the “Company”) is pleased to report that it has completed a first pass of widely-spaced exploration drilling at the 100%-owned Wale nickel alloy property in northern British Columbia, in addition to collecting a 5-tonne surface bulk-sample for metallurgical testing and market studies.

The helicopter-supported drill program tested the 3.6-kilometre-long Eagle Target with 10 core holes totalling 2,764 metres. The objective of this initial drill campaign at Wale is to identify the potential for large zones of nickel-in-alloy mineralization on the property. The holes were drilled from six pads spaced 470 to 1,200 metres apart. The location of some drill holes on ridge lines and talus covered slopes were driven by local, rugged topography, which reaches a maximum elevation of 2,000 metres. A drill hole location map can be viewed at www.firstpointminerals.com.

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by FPX Nickel FPX Nickel

First Point Minerals Announces Appointment of Chief Financial Officer

Vancouver, September 29, 2012 — James Gilbert, President and Chief Executive Officer of First Point Minerals Corp. (FPX-TSX.V) (“First Point” or the “Company”) is pleased to announce the appointment of Mr. Martin Turenne, Chartered Accountant, as the Company’s Chief Financial Officer, effective September 1, 2012.

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by FPX Nickel FPX Nickel

First Point Minerals Updates Progress at Decar

Vancouver, September 21, 2012 — First Point Minerals Corp. (FPX-TSX.V) (“First Point” or the “Company”) is pleased to report on the 2012 drilling progress at the Decar nickel alloy project in central British Columbia. The Decar project is 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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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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