FPX Nickel Corp (FPX)

[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.