FPX Nickel Corp (FPX)

[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

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FOR FURTHER INFORMATION PLEASE CONTACT:
First Point Minerals Corp.
Andrew Kaip
Chief Geologist
[phone]
[phone] (FAX)
Email: [e-mail]
Website: www.firstpointminerals.com
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