FPX Nickel Corp (FPX)

[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.


/

 
  
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 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