FPX Nickel Corp (FPX)

[Axolotl]

Did you take advantage of the $FPX opportunity before this massive move?

[Axolotl]

"Any mining companies out there - please mine nickel! dont wait for the price to go up! Tesla will give you a giant contract for a long period of time if you mine nickel efficiently in an environmentally sensitive way" - Elon Musk, $TSLA July 2020 conference call

Guess who has a carbon neutral mining project in Canada.

Oh that's right. it's $FPX.

[Axolotl]

Analyst coverage has just begun for $FPX.

Cormark Securities launches research coverage on FPX Nickel Corp $FPX.V Contact your Cormark representative for a copy of their initiation report #Nickel pic.twitter.com/s6P24tPnh9

— FPX Nickel Corp. (@FPX_Nickel) July 21, 2020

Buckle up because we're going to start getting some institutional attention. M&As are heating up in the nickel sector too. I'm eagerly awaiting that PEA.

[Axolotl]

Another beautiful day here at $FPX.

Ihub is sleeping on this giant. $1 EOY. Mark it.

[Axolotl]

Smart money buying up $FPX on Friday.

Just a taste of what's to come once they drop that PEA.

[Axolotl]

Nickel closed over $6/lb today.

Prepping the FPX rocket.

[Axolotl]

I'm prepped and ready. I scooped up crazy amounts at $0.135CAD in May.

[ThSeeker]

Yes the is an amazing value and should really generate investor interest.

[Axolotl]

Company's own projection is mid $3. Can check it in the corporate presentation on their website.

Once it's confirmed by the updated PEA we're going to see some nice action around here.

[ThSeeker]

$3 really? Most require MUCH higher $8 is normally considered exceptional.

[Axolotl]

Here's a recent presentation done by the CEO. Really good stuff coming out of them. I like how active management is with getting the message out there.

[Axolotl]

Nickel closed above $13k a tonne on Friday. Bright days ahead.

When they come out with that PEA saying they can produce nickel at $3 a pound they're golden. Buckle up.

[Axolotl]

Nickel closed at $12784 an ounce on Friday.

It's been on an up tend for the past few months. This will undoubtedly transfer into FPX share price.

Look out for that PEA where they report the project feasibility at a nickel price of $3 a ton. Ready to rock.

[Axolotl]

Beautiful close today.

Just wait for that PEA.

[Axolotl]

Can't believe this is flying so far under the radar.

Wait until they release that PEA in Q3/Q4.

[Crusader]

Down 10% with 1/2 hr. to go,

while the general market is up 1.5%. What's up?

[Crusader]

FPX.V

[Crusader]

Should be Canadian- not OTC

[Crusader]

Will contact IHUB to correct.

[Crusader]

FPX.V Canadian company

[Crusader]

This board needs correct symbol:

fpx.v

[Tackler]

I bought JJJ for Zinc a while back instead.

[Ed Monton]

NICE MOVE.

[Ed Monton]

Try to stay on topic. LOL

[Tackler]

OK to comment on Nicaraguan politics here? LOL

NO REPLIES

[Ed Monton]

Looks like the bottoms in.

First Point Minerals Corp.: Second Phase of Drilling
Started at Rio Luna, New Veins Discovered

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Sept. 9, 2004) - Dr.
Peter M D Bradshaw, P. Eng., Executive Chairman of First Point
Minerals Corp. (TSXV: FPX) is pleased to announce that the second
phase drill program has commenced on the Rio Luna gold property
in Nicaragua. The initial holes of this program will test both
the down dip and along strike extensions of the North vein of the
Balsamo East target where two holes from the first phase of
drilling, as previously announced, returned 15.8 grams/tonne
(g/t) gold over 3.2 meters (including 0.3 meters of 87.7 g/t) and
13.5 g/t gold over 5.2 meters (including 1.2 meters of 57.6 g/t
gold).

This second phase of drilling will total approximately 1,000
meters in five to seven holes. The program was previously
announced in First Point's July 12th news release and can be
viewed at the Company's web site www.firstpointminerals.com. The
drill core will be sent to the CAS laboratory in Honduras with
checks by ACME in Vancouver. Assay results will be announced as
they are received.

Trenching completed over the past two months has identified
several new veins in the El Paraiso vein system (sub-parallel to
the main Anillo structure) near the Balsamo East, Balsamo,
Balsamo West and Santa Juana targets. These include:

a. The Pablo vein, which is located approximately 100m SW from
the Anillo vein. The Pablo vein is close to the Balsamo and
Balsamo West targets and has been traced for 1.4 kilometers (km)
and remains open in both directions. The highest grab sample from
the vein to date is 6.9 g/t gold. Systematic trenching and
sampling will commence shortly.

b. The Silvia vein, which is located approximately 200m NE from
the Anillo vein, and striking towards the high grade
intersections at Balsamo East. The Silvia vein has been traced
discontinuously for 1.7km. Systematic trenching and sampling is
in progress.

c. Several other veins have been discovered between the Pablo and
Silvia veins. Investigation of these has been given a lower
priority at the moment.

The location of these new veins can be seen on the Company's web
site at www.firstpointminerals.com (see fig.2 under Rio Luna gold
project), together with the existing drill holes. Some of the
veins are now shown in different orientations from those
previously plotted, based on updated interpretations as new
information has been added. It is also apparent from this map
that less than 10% of the strike extent of the known veins have
been drilled. Together with the drilling program, the Company is
continuing its aggressive trenching and sampling program to gain
a more detailed understanding of the gold content, location,
strike and dip of the veins in order to select the next drill
targets.

A total of 12km of epithermal quartz veining has now been
identified at the Company's 90 square km Rio Luna gold project
with a number of priority gold targets identified along these
veins. First Point has an option to earn 100% interest in the Rio
Luna gold project from Terra Nova Resources Inc. Work is
progressing with several crews to prioritize these targets and to
define an efficient drilling campaign.

The qualified person supervising work on this project is Dr.
Peter Bradshaw, P. Eng.

First Point Minerals Corp. is a Canadian precious and base metal
exploration and development company with five precious and base
metal projects located in the Americas. The Company is currently
focusing its activities to explore, define and advance its Rio
Luna gold project in Nicaragua.

ON BEHALF OF THE BOARD OF DIRECTORS

"Peter Bradshaw"

Peter M. D. Bradshaw, Executive Chairman

-30-

FOR FURTHER INFORMATION PLEASE CONTACT:
First Point Minerals Corp.
Ran Davidson
Director of Investor Relations
604/681-8600 or Toll Free Number: 1-866-FPM-8601
604/681-8799 (FAX)
e-mail: [e-mail]
www.firstpointminerals.com
The TSX Venture Exchange has not reviewed, nor accepts
responsibility for the adequacy or accuracy of this news release.

[Tackler]

Nice wood... First Point reviews two holes from Balsamo East target

2004-05-31 05:03 ET - News Release


Mr. Peter Bradshaw reports

EXCITING GOLD INTERCEPTS FOR FIRST POINT AT RIO LUNA PROJECT

First Point Minerals Corp. has released the gold grades from the first two deep drill holes at the Balsamo East target at the Rio Luna gold project in Nicaragua as tabulated below.

 
 Hole      From     To    Length     Gold 
              m      m         m      g/t 
  
 DD-RL-21 58.82  61.72      2.90    39.75 
 Incl.    59.76  61.35      1.59    68.22 
 DD-RL-22 85.40  87.69      2.29    30.58 
 Incl.    86.50  87.69      1.19    57.62 
 

RL-21 and RL-22 are on the same section and between previously announced holes RL-8 (13.8 metres of 1.1 grams per tonne gold) and RL-7 (5.0 metres of 0.7 gram per tonne gold). RL-22 intersects the vein approximately 40 metres down dip from RL-21. Full interpretation of these results is awaiting analytical data from two additional holes at Balsamo East (RL-23 and RL-24). The company anticipates receiving the gold assay results from these two holes within the next two weeks, with silver assays for all four holes to follow at a later date.

Currently the rig is being moved to the Balsamo target, where a deep drill hole program will commence shortly. As previously announced in Stockwatch, at Balsamo, DD-RL-3 intersected 19.4 grams per tonne gold over 2.6 metres.

All gold intersections are associated with strong quartz veins, breccias and stockwork zones.

The qualified person responsible for this release is Dr. Peter M.D. Bradshaw, PEng

[Ed Monton]

First Point Minerals Enhances Management Team

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - May 11, 2004) - The
Board of Directors of First Point Minerals Corp. (TSXV: FPX) is
pleased to announce that due to First Point Minerals growth, and
to assist in the Company's expansion of its mineral exploration
activities, the Company is reorganizing and expanding its
management team. Effectively immediately Dr. Peter Bradshaw,
P.Eng., the President of First Point since its formation as an
exploration company, will be assuming the position of Executive
Chairman and Mr. Chris Mitchell, P.Eng., will become President
and join the Company full time. He has also been appointed to the
Board of Directors. Since July 2003, Mr. Mitchell has served as
the Company's CFO and Corporate Secretary and will continue in
these roles.

Mr. Mitchell is a metallurgical engineer with more than 30 years
experience in the minerals industry. Mr. Mitchell holds M.Sc and
MBA degrees from the University of British Columbia and is a
member of the Association of Professional Engineers of British
Columbia. Since 1970, he has held positions of increasing
responsibility in corporate finance and administration, marketing
of base and precious metals, environmental permitting and senior
management with mining companies in Canada and the United States
whose shares are listed on The Toronto Stock Exchange. From 1987
to date, Mr. Mitchell has held senior executive positions with
Viceroy Resource Corporation, Orvana Minerals Corp.,
Constellation Copper Corporation, and Diamondex Resources Ltd.
Mr. Mitchell is also a member of the board of directors of Orvana
Minerals which owns and operates the Don Mario gold mine in
Bolivia.

Mr. Mitchell will be concentrating on the financial, compliance
and management aspects of the Company. Dr. Bradshaw will
concentrate his activities on the technical overview of First
Point Mineral's projects and joint ventures, and on new
initiatives, working in collaboration with Dr. Ron Britten, who
continues as the Company's Vice President - Exploration. Dr.
Bradshaw has over 40 years international mineral exploration
experience in senior roles with both major and junior companies
and has been directly involved in the discovery, evaluation
and/or advancement of a number of properties that went into
commercial production including Porgera and Misima in Papua New
Guinea, Kidston in Australia and Omai in Guyana. The Board feels
that these changes greatly strengthen First Point Mineral's
management team, enabling the Company to advance its various
projects at a faster pace and be more aggressive in seeking new
opportunities.

First Point is a Canadian precious metal exploration and
development company focused on the Americas.

ON BEHALF OF THE BOARD OF DIRECTORS

Peter M. D. Bradshaw, Executive Chairman

-30-

FOR FURTHER INFORMATION PLEASE CONTACT:
First Point Minerals Corp.
Ran Davidson
Director of Investor Relations
[phone] or Toll Free: 1-866-FPM-8601
[phone] (FAX)
Email: info@firstpointminerals
Website: www.firstpointminerals.com
The TSX Venture Exchange has not reviewed, nor accepts
responsibility for the adequacy or accuracy of this news release.

[Ed Monton]

First Point Announces Rio Luna Vein System Expanded at
Width and Depth; Drill Program Increased

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Apr 14, 2004) - Dr.
Peter M D Bradshaw, P. Eng, President of First Point Minerals
Corp. (TSXV: FPX) is pleased to release results from the ongoing
drill program at the Rio Luna Gold Project, Nicaragua. Drill
results from the 2nd area of drilling, Balsamo East, have
confirmed both continuity of the vein plus greater vein widths at
depth at both locations. Available data indicates that the drill
hole intersections, which are 30-60 meters below surface, are
still above the gold mineralized system. At the Balsamo Target
area, the true width of the vein in the trenches averages 3.2
meters, and in the drill holes the apparent true width of the
vein is 4.2 meters, the average grade is 3.2 grams/tonne (g/t)
gold and 5.2 g/t gold respectively over the same widths. At the
Balsamo East Target area, the true width of the vein in the
trenches is 4.7 meters, and the apparent true width of the vein
in the drill holes is 5.4 meters, while the average grade is 2.6
g/t gold and 0.8 g/t gold respectively. Due to the encouraging
results received from Rio Luna, as detailed below, the Company
has decided to increase its drill program from the previously
announced 2,000 meters and approximately 20 holes, to 3,000
meters and up to 35 holes.

The Balsamo East Target is located about 1 kilometer east of
Balsamo, the first area to be drill tested. All four holes
intersected the target zone that consisted of epithermal quartz
vein stockworks and quartz matrix breccias containing anomalous
gold values across 3.9 to 13.4 meter widths as noted in the table
below. Hole 8, the western most of the holes drilled, intersected
the widest interval of mineralization which exhibits classic
banded epithermal textures in numerous stockwork-breccia zones
over a 13.4 meter interval that averaged 1.1 g/t gold and ranged
to 5.6 g/t gold over half a meter.

Drill Results for Rio Luna

 
  
 ---------------------------------------------------------- 
       SIGNIFICANT DRILL ASSAY INTERVALS, BALSAMO  
                   TARGET, RIO LUNA 
 ---------------------------------------------------------- 
 Hole #         From      To  Meters      Au ppb     Au g/t 
 ---------------------------------------------------------- 
 (i) DD-RL 1    10.7    11.9     1.2        1370        1.4 
              --------------------------------------------- 
                35.5    37.7     2.2 (ii)    473        0.5 
 ---------------------------------------------------------- 
 (i) DD-RL 2    18.5    21.5     3.0 (ii)     90        0.1 
              --------------------------------------------- 
                49.2    53.5     4.3 (ii)    869        0.9 
 ---------------------------------------------------------- 
 (i) DD-RL 3    36.3    45.4     9.1 (ii)  6,242 (ii)   6.2 (ii) 
              --------------------------------------------- 
  including     42.8    45.4     2.6 (ii) 19,423 (ii)  19.4 (ii) 
 ---------------------------------------------------------- 
 (i) DD-RL 4    46.6    47.5     0.9         357        0.4 
 ---------------------------------------------------------- 
  including     55.4    58.0     2.6 (ii)    239        0.2 
 ---------------------------------------------------------- 
  
 (i) Previously Released 
  
 ---------------------------------------------------------- 
    SIGNIFICANT DRILL ASSAY INTERVALS, BALSAMO EAST, 
                       RIO LUNA 
 ---------------------------------------------------------- 
 Hole #         From      To  Meters      Au ppb     Au g/t 
 ---------------------------------------------------------- 
 DD-RL 5        51.0    55.9     4.9 (ii)    339        0.3 
 ---------------------------------------------------------- 
 DD-RL 6        30.9    34.8     3.9 (ii)    789        0.8 
              --------------------------------------------- 
  including     32.3    33.5     1.2        1898        1.9 
 ---------------------------------------------------------- 
 DD-RL 7        51.0    56.0     5.0 (ii)    680        0.7 
 ---------------------------------------------------------- 
 DD-RL 8        29.9    43.3    13.4 (ii)   1116 (ii)   1.1 (ii) 
              --------------------------------------------- 
  including     30.9    31.7     0.8        5730 (ii)   5.7 (ii) 
 ---------------------------------------------------------- 
  
 

.................


(ii) Numbers greater than a mechanized mining width and current
grade at El Limon gold mine in Nicaragua (Northern Miner, March
2004).

The four initial holes in the Balsamo East area cover a strike
length of about 200 meters and to a depth of between about 30 and
60 meters. The main vein appears to have a steep south dip
varying between 60 to 80 degrees. Apparent true widths reported
in the text above are 80% of the drilled widths. Additional
drilling is planned to follow-up the wide intersection near hole
8 which is the western-most intersection at Balsamo East.
Additional drilling is also planned in the area of the previously
reported intersection in hole 3, of more than 19.4 g/t gold (0.62
ounce per ton gold) over 2.6 meters (8.6 feet). This occurs in a
broader mineralized interval of 6.2 g/t gold (0.20 ounce per ton
gold) over 9.1 meters (30 feet) and is the western-most drill
hole in the Balsamo Target.

Six holes have been completed in the Santa Rita target located
about 1.8 kilometers east of Balsamo. Four holes tested the main
structure and two others were drilled on a sub-parallel structure
about 100 meters to the north. Four of the six holes intersected
quartz vein and stockwork over 1 to 3 meter widths, whereas the
two holes intersected a fault zone at the target depth. Analyses
are anticipated in the next two weeks.

After an Easter break of 2 weeks, the drill rig will be moved to
a completely different mineralized trend, the El Rodeo vein
system located about 1.2 kilometers northeast of the
Balsamo-Santa Rita vein system. Several holes are planned in this
area where structures carry up to 6.8 g/t gold over 3.1 meters
and 15.9 g/t gold over 2.4 meters in surface trenches.

First Point Minerals Corp. has the option to earn a 100% interest
in the Rio Luna Gold project from Terra Nova Resources Inc. First
Point is a Canadian precious and base metal exploration and
development company focused on the Americas with active project
generation programs in Peru and Central America, the latter in a
50:50 joint venture with BHP Billiton.

ON BEHALF OF THE BOARD OF DIRECTORS

Peter M. D. Bradshaw, President

-30-

FOR FURTHER INFORMATION PLEASE CONTACT:
First Point Minerals Corp.
Ran Davidson
Director of Investor Relations
[phone] or Toll Free:1-866-FPM-8601
[phone] (FAX)
Email: info@firstpointminerals
Website: www.firstpointminerals.com
The TSX Venture Exchange has not reviewed, nor accepts
responsibility for the adequacy or accuracy of this news release.

[Ed Monton]

First Point Minerals Corp.: Significant Drill
Intersections at the Rio Luna Gold Property in Nicaragua

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Mar 30, 2004) - Dr.
Peter M D Bradshaw, P. Eng, President of First Point Minerals
Corp. (TSXV: FPX) is pleased to release results including 19.4
g/t (grams/tonne) gold over 2.6 meters from the Balsamo Target,
the first of four targets to be drilled at Rio Luna. Four holes
drilled in the Balsamo Target intersected massive quartz
veins-breccia-stockwork containing anomalous gold values across
significant widths as noted in the table below. Hole 3
intersected the widest interval and returned the most significant
values averaging more than 6 g/t gold over 9.1 meters which
includes the highest grade interval noted above.

The four holes tested The Balsamo area over a strike length of
about 150 meters and to a depth of about 30 to 50 meters from
surface to follow up surface trenches that carried up to 6.0 g/t
gold over 5.2 meters. The main vein appears to have a variable
but mainly steep south dip of between 70 to 85 degrees. True
widths are estimated at about 90% of the drilled widths noted
below. Low core recoveries through many of the intersections are
cause for concern because of gold not being recovered from softer
or highly oxidized sections of the drilled target interval.
Several of these intervals may be re-drilled toward the end of
the program.

Shallow intersections in holes 1 and 2 probably represent a
separate, previously unknown vein system in the hanging wall to
the main Balsamo Target. It is not exposed at surface and has an
unknown orientation.


/

 
  
 ----------------------------------------------------------------------- 
 SIGNIFICANT DRILL ASSAY INTERVALS, BALSAMO TARGET, RIO LUNA 
 ----------------------------------------------------------------------- 
 Hole #      From     To     Meters     % Recovery     Au ppb     Au g/t 
 ----------------------------------------------------------------------- 
 DD-RL 1     10.7   11.9        1.2             38       1370        1.4 
 ----------------------------------------------------------------------- 
             35.5   37.7        2.2             36        473        0.5 
 ----------------------------------------------------------------------- 
 DD-RL 2     18.5   21.5        3.0             18    pending 
 ----------------------------------------------------------------------- 
             49.2   53.5        4.3             54        869        0.9 
 ----------------------------------------------------------------------- 
 DD-RL 3     36.3   45.4        9.1             38      6,242        6.2 
 ----------------------------------------------------------------------- 
 including   42.8   45.4        2.6             13     19,423       19.4 
 ----------------------------------------------------------------------- 
 DD-RL 4     46.6   47.5        0.9             46        357        0.4 
 ----------------------------------------------------------------------- 
             55.4   58.0        2.6             31        239        0.2 
 ----------------------------------------------------------------------- 
  
 

....................


Holes 5 to 8 have been completed in the Balsamo East that is
located on-strike about 1 kilometer east of the Balsamo Target.
These four holes tested a strike extent of about 200 meters and
all intersected epithermal quartz vein-breccia mineralization
over several meters. Core samples from Balsamo East have been
sent for analyses and the drill rig is currently at the Santa
Rita target about 1.8 kilometers southeast of the Balsamo Target.


As previously noted, assay results will be released, as they
become available for each of the four target areas. About 2,000
meters, or roughly 15 holes, will be drilled in the present
program under the supervision of Dr. Peter Bradshaw, P. Eng, the
Company's Qualified Person for the Rio Luna Property.

The Rio Luna Gold property in Nicaragua is 100% owned by First
Point Minerals. First Point Minerals Corp. is a Canadian precious
and base metal exploration and development company focused on the
Americas. The Company is currently focusing its activities to
explore, define and advance its Rio Luna Gold Project and
Cacamaya Gold Project in Nicaragua. As well the company has a
joint venture with BHP Billiton covering Central America and a 22
% interest in Aquila Resources. The Company is well financed with
$2,000,000CDN in working capital, and well on its way of
achieving its goal of becoming a highly successful,
growth-oriented exploration company.

ON BEHALF OF THE BOARD OF DIRECTORS

Peter M. D. Bradshaw, President

-30-

FOR FURTHER INFORMATION PLEASE CONTACT:
First Point Minerals Corp.
Ran Davidson
Director of Investor Relations
[phone] or Toll Free: 1-866-FPM-8601
Website: www.firstpointminerals.com
The TSX Venture Exchange has not reviewed, nor accepts
responsibility for the adequacy or accuracy of this news release

[Ed Monton]

First Point Minerals Corp. Enters into New Base
Metal/Precious Metal Exploration Venture

VANCOUVER, BRITISH COLUMBIA--Dr. Peter M D Bradshaw, P.Eng.,
President of First Point Minerals Corp. (TSXV: FPX) today
announced that First Point has entered into an agreement with
Menominee River Exploration Co. LLC, a private company based in
Michigan, ("MREC") for the purposes of advancing First Point's
Cedros property in Honduras, and MREC's Back Forty property in
Menominee County in the Upper Peninsula of Michigan.

Pursuant to the terms of the agreement, First Point and its
wholly-owned subsidiary, First Point Honduras S.A. de C.V. will
contribute the Cedros property to Aquila Resources Corp., a
company recently incorporated under the Canada Business
Corporations Act ("Aquila"), and MREC will contribute the Back
Forty property. Aquila's principal focus will be on zinc and
copper deposits with commercially important gold and/or silver
credits. Other classes of deposits, such as nickel with
associated platinum group metals, will also be targeted.
Initially, First Point will have a 22% interest in Aquila, with
MREC holding the remaining 78% interest.

The Back Forty Project:

The Back Forty is an advanced stage exploration project focusing
on gold and massive sulfide targets in early Proterozoic rocks.
Early in 2002, drill testing of a geophysical anomaly resulted in
the discovery of the LK massive sulfide zinc/gold deposit.
Subsequent drilling in 2003 defined a potentially economic
resource of zinc and gold rich massive sulfide mineralization,
plus adjacent gold rich sections low in sulfides. The massive
sulfide lenses (see Table I) show impressive widths and
continuity.

 
  
 Table I - Selected massive sulfide intercepts with metal grades 
  
 ------------------------------------------------------------------------ 
                                         (m)    Au 
 Drill  Unit (Zone)         (m)   (m) Inter-     g/  Ag    Cu    Pb    Zn 
 Hole                     From    To    val  tonne  ppm     %     %     % 
                         ----- ----- ------ ------ ---- ----- ----- ----- 
 108402 Massive Sulfides  16.5  53.4   36.9   5.85   33  0.38  0.07  9.15 
        (East Zone) 
        Including        26.94 45.11   18.2   1.98   20  0.36  0.01 13.91 
        Including        45.11  53.4    8.3  18.75   87  0.64  0.29  8.54 
 108406 Massive Sulfide   27.4    59   31.6   4.13   20  0.22  0.05 10.25 
        (East Zone) 
        Including           50    59    9.0   9.04   34  0.26  0.15 11.50 
 108421 Massive Sulfides   308   381   73.0   0.87   11  0.12  0.10  7.95 
        (Main Zone) 
        Including          308 345.3   37.3   0.80    8  0.05  0.10 11.96 
        Including          308   320   12.0   0.74    9  0.08  0.11 18.89 
        Including        364.5   381   16.5   0.79    9  0.13  0.03  6.93 
 108445 Massive Sulfides 257.1   269   11.9   2.73   14  0.14  0.09 10.54 
        (Main Zone) 
 108446 Massive Sulfides 187.2 196.7    9.5   1.08  153  0.07  5.32 20.86 
        (Tuff Zone) 
 108466 Massive Sulfides 327.3 353.6   26.4   1.33   33  0.31  0.25  3.95 
        (Main Zone) 
        including       327.25   333    5.8   1.34   86  0.07  1.01  5.36 
        including        342.0 348.0    6.0   0.97   10  0.18  0.04  6.52 
 108469 Massive Sulfide 351.23   377   25.8   1.76   33  0.53  0.03  0.60 
        (Main Zone) 
        Including       351.23   353    1.8   1.47   15  0.14  0.09  4.52 
 ------------------------------------------------------------------------ 
  
 

...........................


The potential to expand the three massive sulfide zones is
excellent. The Main Zone massive sulfides remain open down plunge
to the west, and ground geophysical surveys indicate probable
extension in this direction for at least another 425 meters. The
Tuff Zone massive sulfide is open at depth and along strike to
the east, and has not been drilled along its surface projections
where there is potential for enriched gossans similar to the East
Zone.

Impressive gold intercepts in a variety of host rocks peripheral
to massive sulfide mineralization suggest strong potential for
"gold only" style mineralization, as shown in Table II. The fact
that these intercepts were random "hits" in holes targeting
massive sulfide mineralization suggests good potential for
expansion.

 
  
 ------------------------------------------------------------------------ 
                                         (m)    Au 
 Drill  Unit                (m)   (m) Inter-     g/  Ag    Cu    Pb    Zn 
 Hole                     From    To    val  tonne  ppm     %     %     % 
                         ----- ----- ------ ------ ---- ----- ----- ----- 
 108431 Silicified QFP   430.5 438.0    7.5    6.1   42  0.08  0.88  0.01 
 108431 Silicified QFP   445.5 458.0   12.5    7.4   83  0.14  1.40  0.01 
 108435 Stringer         279.6 285.2    5.6  19.50  161  0.20  1.24  0.45 
        Sulfides 
        Including          281 285.2    4.2  25.29  202  0.23  1.50  0.24 
 108435 Semi-Massive       380 390.2   10.2   7.52   48  0.42  0.30  0.60 
        Sulfides 
        Including          380   386      6  11.09   66  0.31  0.39  0.72 
 108446 Stringer         196.7   220   23.3   2.44   81  0.06  0.77  0.34 
        Sulfides 
        Including        196.7   201    4.3   5.04  177  0.02  1.50  0.13 
 108446 Chloritic tuff   269.5 277.9    8.4   4.70   24  0.10  0.48  0.56 
        Including        269.5 272.9    3.4   8.84   42  0.12  0.85  0.11 
 108448 Stringer         302.3   317   14.7   6.15  102  0.26  1.07  0.62 
        Sulfides 
        Including        302.3 305.5    3.2  21.09  338  0.76  3.27  1.67 
 108402 Gossan           13.41 16.46   3.05  21.47   10  0.01  0.02  0.02 
 ------------------------------------------------------------------------ 
  
 

......................

The Cedros Project:

The Cedros property is located at the southern end of a belt of
world-class, carbonate-hosted silver-zinc-lead deposits that
extend from Mexico to central Honduras. At Cedros, the Spaniards
mined the tops of high-grade, probably oxidized, massive sulfide
replacement zones along a two kilometer trend in the 17th and
18th centuries. The Spaniards halted mining at relatively shallow
depths when they encountered the water table.

Exploration efforts to date have been focused on geological
mapping and trenching within a very strong silver-zinc-lead soil
geochemical anomaly measuring approximately two by three
kilometers. Within this area the geology changes from large
intrusions of intermediate to acid composition in the south,
hosted in carbonate rocks, to a series of small stocks, dykes and
sills of similar composition to the north. The styles of
mineralization also change within the property boundaries, from
broader, disseminated bulk mineable silver-zinc at Carmelo Sur
and Cedros Abajo in the south to the historically mined massive
sulfide replacement styles at Belen, Azul and El Carmelo in the
north. Trenches in the southern portion of the property, in
strongly oxidized and leached outcrop, have encouraging values as
detailed in the table. These are prime targets for bulk-mineable
silver-zinc in carbonates and other sediments adjacent to the
major intrusions. Trenches to the north have encountered much
higher grades related to massive sulfide style carbonate
replacement mineralization.

 
  
 Cedros Abajo and Carmelo Sur - Bulk Mineable Southern Zone 
  
 Trench            Meters     Silver g/t        % Zinc          % Lead 
 CA-04                6.0           58.0          4.08            4.38 
 CA-05               45.0           17.0          1.30            1.35 
 CS-04               90.0            6.0          0.36            0.53 
 CS-05               77.0            3.0          0.36            0.35 
  
 Belen, Azul and El Carmelo - Massive Sulphide Northern Zone 
  
 Trench            Meters     Silver g/t        % Zinc          % Lead 
 Azul-Comedor         5.0           58.0         10.40            1.50 
 Azul-98RMB87         2.7          108.0          7.80            4.10 
 Belen East, BE-01    6.6           42.0          3.82            0.35 
 Jalisco             10.0           81.0          3.90            0.35 
  
 

............................


The next phase of work at Cedros will include trenching and
mapping of the Cedros Abajo area (the southern bulk mineable
target) followed by drilling.

Aquila Resources Corp.:

First Point has agreed to use its best efforts to assist Aquila
in completing an Initial Public Offering ("IPO") of its common
shares and in making a listing application to the Exchange as
soon as practicable. The monies raised in the IPO will be used to
fund an ongoing program of geological and geophysical work at
Back Forty and Cedros, and to provide working capital.

The Board of Aquila will consist of four individuals: Mr. Robert
A. Watts, of Victoria, B.C., who is a director of First Point and
several other public mining companies, Mr. Richard Lassin, of
Lansing, Michigan, Mr. Douglas Duskin of Camden, South Carolina,
and Mr. Thomas Quigley, of Duluth, Minnesota. Mr. Quigley will
serve as president of Aquila. Aquila will also have a technical
advisory board, comprised of Mr. Glenn Scott of Marquette,
Michigan, Dr. Ronald Britten (First Point's Vice-president,
Exploration) and Dr. Bradshaw.

Dr. Bradshaw said he was very pleased that First Point has joined
forces with MREC. "We believe there will be significant synergies
and enhanced investor interest in building Aquila on the
foundation of two promising base metal deposits, each with
significant precious metals credits. Moreover, the economic
attractiveness of Back Forty and Cedros is increased by virtue of
both projects being located in regions that will realize the full
benefit of substantially higher prices (in US dollar terms) of
base and precious metals. The agreement to form Aquila will also
enable First Point to focus its resources on advancing the Rio
Luna epithermal gold deposit in Nicaragua, where drilling is
currently underway, and the Cucamuya gold deposit in Honduras".

First Point Minerals Corp. is a Canadian precious and base metal
exploration and development company focused on the Americas. The
Company is currently focusing its activities to explore, define
and advance its Rio Luna Gold Project and Cacamaya Gold Project
in Nicaragua. The Company is well financed with $2,000,000CDN in
working capital, and well on its way of achieving its goal of
becoming a highly successful, growth-oriented exploration
company.

ON BEHALF OF THE BOARD OF DIRECTORS

Peter M. D. Bradshaw, President

-30-

FOR FURTHER INFORMATION PLEASE CONTACT:
First Point Minerals Corp.
Ran Davidson
Director of Investor Relations
[phone]
[phone] (FAX)
Email: [e-mail]
Website: www.firstpointminerals.com
The TSX Venture Exchange has not reviewed, nor accepts
responsibility for the adequacy or accuracy of this news release.

[Ed Monton]

First Point Minerals Corp.: Drilling Update from the Rio
Luna Gold Property in Nicaragua

VANCOUVER, BRITISH COLUMBIA--Dr. Peter M D Bradshaw, P. Eng,
President of First Point Minerals Corp. (TSXV: FPX) today
provided the following update from the drilling program at the
Company's 100% owned Rio Luna Gold property in Nicaragua.

The first hole in the Rio Luna drilling program has been
completed to a final depth of 107 meters in the Balsamo target
area, and drilling has commenced on the second hole. Hole 1 was
designed to test about 50 vertical meters below and along strike
of a surface trench that carries 6.0 grams/tonne (g/t) gold over
5.2 meters. Significant alteration associated with 3 to 7
centimeter-wide veins that locally form quartz-calcite vein
stockwork and carry mainly pyrite and trace base metals were
noted in the core between 40 and 95 meters down the hole. Core
from this hole is currently being cut by diamond saw for
analyses. Hole 2 was collared about 100 meters west of hole 1 and
at least one additional hole will test the Balsamo target west of
hole 2.

Following this test of the Balsamo target, the drill will be
shifted to Balsamo East, one of three other target areas to be
tested during this first-ever diamond drill program at Rio Luna.
Core samples will be sent for analyses as each of the four target
areas is tested and the results will be released as they become
available. The total drilling in the present program will be
approximately 2,000 meters, or roughly, 15 holes.

As previously reported, First Point's exploration at the Rio Luna
property has identified a total of 8.8 kilometers of strike
length in several vein systems. The Paraiso vein system, which
contains the four targets to be tested in this drill program, has
returned values as high as 21.1 g/t gold over 2 meters estimated
true width and an average grade of 2.5 g/t gold over 2.6 meters
estimated true width from 34 trenches. The El Rodeo system to the
north has returned values as high as 15.4 g/t gold over 2.5
meters true width and an average grade of 4.4 g/t over 2.1 meters
from 7 trenches. Management believes that the surface trenches
are near or above the bonanza grade gold horizon common in
epithermal veins and better grades can be anticipated at depths
that will be tested by this drilling program.

The Company is pleased to announce that Ran Davidson has been
hired full time in the position of Director of Investor
Relations, and has been granted 40,000 stock options at an
exercise price of $0.33 per share effective Feb.1, 2004 for a
period of five years. The stock option grant is subject to the
approval by the TSX Venture exchange.

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

ON BEHALF OF THE BOARD OF DIRECTORS

Peter M. D. Bradshaw, President

-30-

FOR FURTHER INFORMATION PLEASE CONTACT:
First Point Minerals Corp.
Ran Davidson
Director of Investor Relations
[phone]
[phone] (FAX)
Email: [e-mail]
Website: www.firstpointminerals.com
The TSX Venture Exchange has not reviewed, nor accepts
responsibility for the adequacy or accuracy of this news release.

[Ed Monton]

Drilling Commences at Rio Luna Gold Property in Nicaragua


Mon Jan 26, 2004
--------------------------------------------------------------------------------

Dr. Peter M D Bradshaw, P. Eng, President of First Point Minerals Corp. (TSXV: FPX) is pleased to announce that a drill program has commenced at the Company's 100% owned Rio Luna Gold property in Nicaragua. The Rio Luna Gold property, which has never been drill tested, is located approximately 75 kilometers northeast of Managua.

The diamond drill program will be for a minimum of 2,000 meters in approximately 15 holes. The initial drilling will test the Balsamo East and Balsamo target areas, which are located within the main Paraiso vein system. As previously reported, First Point's exploration at the Rio Luna property has identified a total of 8.8 kilometers of strike length in several vein systems. The Paraiso vein system has returned values as high as 21.1 grams/tonne g/t gold over 2 meters true width and an average grade of 2.5 (g/t) gold over 2.6 meters estimated true width from 34 trenches. The El Rodeo system to the north has returned values as high as 15.4 g/t gold over 2.5 meters true width and an average grade of 4.4 g/t over 2.1 meters from 7 trenches. Fluid inclusions, quartz textures and geochemical analyses indicate that the surface trenches are near or above the bonanza grade gold horizon common in epithermal veins and better grades can be anticipated at depths which will be tested by this program. Results for each target area will be released as they become available. The drilling is expected to be completed in six to eight weeks.

In addition, First Point is continuing its on-going generative exploration program throughout Central America with its joint venture partner BHP Billiton, as well as on-going generative work in Peru. Currently, there are three active crews conducting exploration in Central America and one crew in Peru.

First Point Minerals Corp. is a Canadian precious and base metal exploration and development company focused on the Americas. For more information please view: www.firstpointminerals.com or phone Peter M.D. Bradshaw, President and CEO, at [phone].

ON BEHALF OF THE BOARD OF DIRECTORS
"Peter Bradshaw"
Peter M. D. Bradshaw, President

The TSX Venture Exchange has not reviewed, nor accepts responsibility for the adequacy or accuracy of this news release.

First Point Minerals Corp.(TSX Venture Exchange: FPX)
Suite 906 -- 1112 West Pender Street
Vancouver, BC Canada V6E 2S1
Tel: [phone]
Fax: [phone]
e-mail "[e-mail]"

[Ed Monton]

FIRST POINT MINERALS CORP.

TSX VENTURE SYMBOL: FPX

DECEMBER 11, 2003 - 09:00 ET

First Point Minerals Closes $1,500,000 Private Placement
Offering To Fund Drilling Program And Generative Work

VANCOUVER, BRITISH COLUMBIA--

Dr. Peter M D Bradshaw, P. Eng, President of First Point Minerals
Corp. (TSXV: FPX) is pleased to announce that effective December
9, 2003, the Company closed the private placement announced on
October 30th, 2003. The private placement consists of 6,000,000
units ("Units") at a price of $0.25 per Unit, for gross proceeds
to the Company's treasury of $1,500,000. Each Unit is comprised
of one common share (a "Share") and one-half of one transferable
share purchase warrant (a "Warrant") of the Company. Each whole
Warrant will entitle its holder to acquire one additional common
share (a "Warrant Share") at an exercise price of $0.30 for a
period of 24 months from closing.

Golden Capital Securities Ltd., Raymond James Ltd., Leede
Financial Markets Inc. and Coniston Investment Corp.
(collectively, the "Finders") acted as finders on a portion of
the financing. The Finders received a finder's fee comprised of
cash in the amount of $43,750 and 100,000 Warrants.

In accordance with securities legislation currently in effect,
the Shares, the Warrants and the Warrant Shares will be subject
to a "hold" period of four months plus one day expiring on April
10, 2004.

The funds from the private placement will be used to drill test
the Company's Rio Luna gold property in Nicaragua, explore the
Cacamuya gold property in Honduras and for on-going work to
generate new exploration properties throughout Central and South
America. The proceeds from the exercise of the Warrants, if any,
will provide general working capital.

At Rio Luna a geophysical survey has been initiated to help
further define portions of the targets for the upcoming drill
program and to augment the successful trenching program carried
out earlier this year. This funding will allow expansion of that
drill program. Mapping, trenching and sampling at Rio Luna have
defined 8.4 line kilometers of epithermal vein mineralization to
date, with 5 well defined drill target areas each requiring
several drill holes. Typical grades in these zones range from 3
to 21 grams/tonne gold. Fluid inclusion, quartz texture and
geochemical analysis all indicate that the surface trenches are
above the productive horizon typical of epithermal veins and
better grades can be anticipated with depth.

Geophysical techniques are also being tested on select areas at
Cacamuya to determine if geophysics will be an effective
exploration tool to further define and prioritize the multiple
drill targets on this property. First Point Minerals Corp., in
joint venture with BHP Billiton, is also aggressively exploring
for porphyry copper-gold deposits in Honduras, Nicaragua and El
Salvador.

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

ON BEHALF OF THE BOARD OF DIRECTORS

"Peter Bradshaw"

Peter M. D. Bradshaw, President

-30-

FOR FURTHER INFORMATION PLEASE CONTACT:
First Point Minerals Corp.
Peter M. D. Bradshaw
President and CEO
604-681-8600
www.firstpointminerals.com
The TSX Venture Exchange has not reviewed, nor accepts
responsibility for the adequacy or accuracy of this news release.



--------------------------------------------------------------------------------

[Ed Monton]

FIRST POINT MINERALS CORP.

OCTOBER 20, 2003 - 17:59 ET

First Point Minerals Corp.: Warrants Exercised to
Underwrite Rio Luna Drill Program

VANCOUVER, BRITISH COLUMBIA--Dr. Peter Bradshaw, P.Eng, President
of First Point Minerals Corp. (TSXV:FPX) is pleased to announce
that 750,000 Share Purchase Warrants at $0.30 have been exercised
by long term investors in order to advance exploration at Rio
Luna as rapidly as possible. The proceeds, totaling $225,000,
will be used to fund the initial drill program at the Rio Luna
Gold Project in Nicaragua. As previously announced, the Company
has made application for the required drill permit and will
commence drilling upon receipt of this permit, which is
anticipated to be in the next few weeks.

Fluid inclusion analyses recently completed on the Rio Luna Gold
Project show that:- 1) the veins are representative of shallow,
low-sulphidation epithermal vein systems; 2) estimated
temperatures, salinities and depth all fall in the expected range
for epithermal deposits; 3) native gold was observed in one
sample. This information supports the earlier conclusion based on
field evidence that the high grade "productive horizon" can be
anticipated at relatively shallow depths, and will be the target
of the drill program.

To date, First Point's exploration team has identified a total of
8.8 km of strike length in several vein systems at the Rio Luna
Gold Project. This includes the Paraiso vein system where the
average grade of 34 trenches is 2.5 g/t gold over 2.6 meters with
values as high as 21.1 g/t gold over 2 meters true width, and the
El Rodeo vein where the samples of all 7 trenches to date
averaged 4.4 g/t gold over 2.1 meters with values as high at 15.4
g/t gold over 2.5 meters. A map of the Rio Luna Gold Project area
and earlier news releases detailing the trench results can be
viewed on the Company's web site at www.firstpointminerals.com.

First Point Minerals Corp. is a Canadian precious and base metal
exploration and development company focused on the Americas. For
more information, including an updated interactive Cacamuy
property map, please view: www.firstpointminerals.com.

ON BEHALF OF THE BOARD OF DIRECTORS

Peter M. D. Bradshaw, President

-30-

FOR FURTHER INFORMATION PLEASE CONTACT:
First Point Minerals Corp.
Peter M.D. Bradshaw
President and CEO
[phone]
Email: [e-mail]
Website: www.firstpointminerals.com
The TSX Venture Exchange has not reviewed, nor accepts
responsibility for the adequacy or accuracy of this news release.

[Ed Monton]

FIRST POINT MINERALS CORP.

TSX VENTURE SYMBOL: FPX

OCTOBER 2, 2003 - 12:58 ET

First Point Discovers Excellent Gold Grades at New Gold
Zone on the Rio Luna Property, Nicaragua

VANCOUVER, BRITISH COLUMBIA--Dr. Peter Bradshaw, President of
First Point Minerals Corp. (TSXV: FPX) is pleased to announce
very encouraging results from a third phase of hand trenching on
the Rio Luna epithermal gold property in Nicaragua. This phase
focused on the El Rodeo vein, located 1.2 kilometers northeast of
the subparallel El Paraiso vein system. From southeast to
northwest, 7 trenches, spaced 50 to 100 meters apart along more
than 400 meters of strike length in the El Rodeo vein, returned
the following results:

 
  
 --------------------------------------------- 
 Trench          True Width         Gold grade 
 number              meters        Grams/tonne 
 --------------------------------------------- 
 TC 21A                 1.9                2.1 
 --------------------------------------------- 
 TC 17                  0.5                1.5 
 --------------------------------------------- 
 TC 18                  4.1                0.5 
 --------------------------------------------- 
 TC 19                  2.4               15.9 
 --------------------------------------------- 
 TC 22                  0.8                2.9 
 --------------------------------------------- 
 TC 23                  2.0                1.3 
 --------------------------------------------- 
 TC 24                  3.1                6.8 
 --------------------------------------------- 
  
 

The El Rodeo vein remains open at both ends and its total length
has yet to be determined. The high gold values are in strongly
altered andesite with generally minor and brecciated quartz vein
material indicating that the surface expression of the El Rodeo
vein is above the "productive horizon" where the best gold grades
and widths of epithermal vein systems are typically found.

To date, First Point's exploration team has identified over 8.8
km of aggregate strike length in several vein systems at Rio
Luna. The El Rodeo vein increases the number of drill target
areas to six. This includes the Paraiso vein system where the
average grade of 34 trenches to date is 2.5 g/t gold over 2.6
meters with values as high as 21.1 g/t over 2 meters true width.
In anticipation of a drill program at the Rio Luna Project prior
to year end, the Company has applied for drill permits and is
reviewing quotes from drill contractors. A map of the Rio Luna
area can be seen on the Company's web site at
www.firstpointminerals.com.

First Point Minerals Corp. is a Canadian precious and base metal
exploration and development company focused on the Americas. For
more information, including an updated interactive Cacamuy
property map, please view: www.firstpointminerals.com.

ON BEHALF OF THE BOARD OF DIRECTORS

Peter Bradshaw, President

-30-

FOR FURTHER INFORMATION PLEASE CONTACT:
First Point Minerals Corp.
Peter M.D. Bradshaw
President and CEO
[phone]
[phone] (FAX)
Email: [e-mail]
Website: www.firstpointminerals.com
The TSX Venture Exchange has not reviewed, nor accepts
responsibility for the adequacy or accuracy of this news release.

[Ed Monton]

FIRST POINT MINERALS CORP.

TSX VENTURE SYMBOL: FPX

AUGUST 19, 2003 - 09:00 ET

First Point Minerals Corp.: Additional Encouraging
Results from Rio Luna Gold Project, Nicaragua; First
Point Identifies Emerging Model for Gold Mineralization,
Third Phase of Trenching Underway

VANCOUVER, BRITISH COLUMBIA--Dr. Peter Bradshaw, President of
First Point Minerals Corp. (TSXV: FPX) is pleased to announce
additional results from the second phase of an ongoing trenching
program on the Rio Luna epithermal gold property in Nicaragua.
Highlights include 2.1 grams/tonne ("g/t") gold over 3.5 meters,
including 3.7 g/t gold over 1.7 meters in trench TR-90 in the
Balsamo area of the El Paraiso vein system. To the southeast,
trenching in the Santa Rita area returned 1.2 g/t gold over 1.1
meters in trench TR-08 and 0.7 g/t gold over 4.4 meters in trench
TR-81 within a broad zone of quartz veining within from the
Filadefia area.

With the first two phases of trenching completed, First Point has
identified five key areas of gold mineralization along the El
Paraiso vein system and is in the process of delineating drill
targets (see the Company's website at
"www.firstpointminerals.com" for a detailed map and trench
results). Current trenching is focused on evaluating the El Rodeo
area situated to the northwest, where four veins have been
identified through prospecting. Trenching in this area is
anticipated to continue into mid-September. Once completed the
Company plans to continue its evaluation of the El Paraiso vein
system where it remains open along strike.

First Point is extremely encouraged by progress at Rio Luna which
demonstrate that rather that a single vein, the El Paraiso vein
system consist of several veins which either strike sub-parallel
to or oblique to the central Anillo vein, which has now been
traced for over 5.8 kilometers and remains open along strike.
When the strike length of these additional veins is included, the
El Paraiso vein system has an aggregate vein strike in excess of
8.8 kilometers. Results from trenching have consistently returned
broader mineralized widths than anticipated owing to the presence
of gold bearing quartz veinlets that extend for several meters
away from the veins. Individual trench results range between 4.5
and 21.1 g/t gold over 2 to 8 meters. Of the 65 hand trenches
which intercepted the target, 34 trenches returned values greater
that 0.5 g/t gold over mineralized widths, the average of which
was 2.5 g/t gold over 2.6 meters.

As reported previously, management believes that the veins at Rio
Luna represent the upper levels of an epithermal gold vein system
and indicate that higher grades are likely at depth and might
well develop into high-grade bonanza gold zones. This
interpretation is based on First Point's extensive experience in
exploring these types of systems and by a thorough review of low
sulphidation systems throughout the world. First Point believes
that the level of exposure combined with the robust width and
continuity of the veins exposed along the El Paraiso vein system
are highly encouraging, and represent excellent targets that have
yet to be drill tested.

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

ON BEHALF OF THE BOARD OF DIRECTORS

Peter M. D. Bradshaw, President

-30-

FOR FURTHER INFORMATION PLEASE CONTACT:
First Point Minerals Corp.
Andrew Kaip
Chief Geologist
[phone]
[phone] (FAX)
Email: [e-mail]
Website: www.firstpointminerals.com
The TSX Venture Exchange has not reviewed, nor accepts
responsibility for the adequacy or accuracy of this news release.

[Ed Monton]

Share Structure is as follows:

At March 31st the number of shares outstanding are 23,455,954 this includes 50,000 options and 566,000 warrants that were exercised in the first quarter for proceeds of $16,000 and $142,750 respectively.

Share Options and Share Purchase Warrants are listed in the table below (all figures are from the financial statements available at www.sedar.com) These are as of Dec 31/2002 and some have been exercised already (see above).

 
 OPTIONS 
  
 Number      Price       Expiry Date 
 199,000	    0.45	Feb-04 
 50,000      0.32	Aug-04 
 620,000	    0.39	Dec-04 
 50,000	    0.53	Feb-05 
 50,000	    0.55	Apr-05 
 315,000	    0.5	        Jun-05 
 75,000	    0.19	Jan-07 
 305,000	    0.2	        Jan-07 
 50,000	    0.53	Jun-07 
 460,000	    0.55	Jun-07 
 100,000	    0.2  	Dec-07 
 ------------------------------------------------------------------------------		 
 Total Number------------2,274,000		 
 ------------------------------------------------------------------------------ 
  
 WARRANTS 
  
 Number      Price       Expiry Date 
 598,750	    0.25	Jan-03 
 1,375,000   0.3	        Dec-03 
 125,000	    0.3	        Jan-04 
 1,250,000   .30/.35	May 03/04 
 375,000	   .30/.35	May 03/04 
 82,987	   .60/.65	July 03/04 
 ------------------------------------------------------------------------------ 
  
 Total Number------------3,806,737 
 

[Ed Monton]

Here is the latest news:

Sat May 31, 2003
First Point Identifies Multiple Gold Vein Targets and Expands Trenching Program at Rio Luna.

--------------------------------------------------------------------------------

Dr. Peter Bradshaw, President of First Point Minerals Corp. (TSXV: FPX) is pleased to announce results from the first phase of an ongoing trenching program on the Rio Luna Epithermal Gold Property in Nicaragua. To date, analytical results have been received for 46 hand trenches completed over 2.5 kilometers strike length along the El Paraíso vein system (see the Company's website for a detailed map of trench locations). First Point is encouraged by initial results, which indicate that gold bearing veins are more widely distributed than originally thought and have encouraged the Company to expand the trenching program to fully evaluate the El Paraíso vein system.

The first phase of trenching covers the central portion of the El Paraíso vein system including the Santa Rita and Balsamo areas which, based on historical data, represent two of four key areas of gold mineralization in the vein system. Initial trenching has demonstrated that the El Paraíso vein system is continuous over the entire strike length. In addition, the first phase of trenching has consistently returned higher than anticipated gold grades in relation to historical data. This includes up to 4.5 grams/tonne gold over 8 meters width from trench TR-03 and 7.9 grams/tonne gold over 5.9 meters, which includes 21.1 grams/tonne gold over 1.9 meters in trench TR-00 in the Santa Rita area. Significant results in the Balsamo area include 6.0 grams per tonne gold over 5.2 meters, which includes 11.7 grams/tonne gold over 2.2 meters in trench TR-35 and 4.2 grams/tonne gold over 5 meters in trench TR-38. Highlights from the first phase of trenching are presented in the table below.

 
 ------------------------------------------------------------- 
 Trench       Area       Average Gold Grade   True Width 
                         (grams per tonne)     (meters) 
 ------------------------------------------------------------- 
 TR-00   Santa Rita Area      7.9                 5.9 
 incl.                       21.1                 1.9 
 TR-01                        3.6                 2.9 
 TR-02                        3.1                 2.2 
 TR-03*                       4.5                 8.0 
 TR-04                        4.0                 1.8 
 ------------------------------------------------------------- 
 TR-26  Balsamo East Area     4.0                 3.3 
 TR-27                        3.4                 8.0 
 incl.                        8.8                 2.5 
 ------------------------------------------------------------- 
 TR-35    Balsamo Area        6.0                 5.2 
 incl.                       11.7                 2.2 
 TR-37                        4.2                 1.5 
 TR-38                        4.2                 5.0 
 incl.                        9.4                 1.8 
 TR-39                        5.4                 1.0 
 TR-41                        2.7                 2.0 
 ------------------------------------------------------------- 
  
  
 

------------------------------------------------------------------------------------------------
* Trench previously reported in March 10, 2003 press release.


Trenching indicates that the mineralized intervals are much wider than anticipated, averaging 2.8 meters and locally up to 8 meters true width. Increased widths are attributed to gold bearing quartz veinlets that extend for several meters away from the veins in argillically altered andesite. Where low grade gold values were encountered between the Santa Rita and Balsamo areas, vein textures are thought to reflect higher levels of the epithermal system and above the level of gold mineralization. This is further supported by the fact that the Santa Rita and Balsamo areas are topographically lower than the intervening ground. In addition, detailed mapping indicates that the El Paraíso vein system includes the central southeast striking, subvertical Anillo vein which is bounded by one or more subparallel veins in the Santa Rita and by a network of southeast and east-west striking, subvertical veins in the Balsamo Area.

Trenching was also completed on the La Mina vein located 500 meters northwest of the Balsamo area. In contrast to the El Paraíso vein system, the La Mina vein strikes northeast and dips steeply to the southeast. Of the five trenches excavated along the La Mina vein, three exposed the vein and returned up to 0.5 grams/tonne gold over 3.1 meters in trench TR-46. Additional trenching is planned towards the projected intersection of the La Mina and the El Paraíso vein system.

The second phase of trenching commenced in early May and includes an additional 40 to 50 hand trenches covering the strike continuation of the El Paraíso vein system to the southeast of the Santa Rita and northwest of the Balsamo area. Trenching is currently evaluating the Filadefia area, located 1.5 kilometers southeast of the Santa Rita Area, where trenching by a previous operator returned up to 10.9 grams/tonne gold and 15.5 grams/tonne silver over 2 meters. The network of veins within the Balsamo area and several newly discovered veins located 1 to 2 kilometers north of the El Paraíso vein system will also be trenched. Results from the second phase of trenching are anticipated in 4 to 6 weeks. Given the number and strike length of targets being developed at Rio Luna, trenching is anticipated to continue through to the fall, and results will be used to define diamond drill targets.

At First Point's Cacamuyá gold/silver property in Honduras, Dr. Peter Bradshaw and Mr. John Chulick, former Exploration Manager at Meridian Gold's El Peñón mine in Chile, have recently completed a property tour. Mr. Chulick's recommendations for future exploration at Cacamuyá are anticipated by mid-June.

First Point Minerals Corp. is a Canadian precious and base metal exploration and development company focused on the Americas. For more information, please view: www.firstpointminerals.com or phone Peter Bradshaw, President & CEO, at [phone].


ON BEHALF OF THE BOARD OF DIRECTORS
"Peter M D Bradshaw"
Peter M. D. Bradshaw, President

The TSX Venture Exchange has not reviewed, nor accepts responsibility for the adequacy or accuracy of this news release.