First Point Minerals Corp.

First Point Minerals Corp.

March 04, 2010 12:30 ET

First Point Stakes Nickel-Iron Alloy Occurrences on the Letain Property, Northern BC

VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 4, 2010) - First Point Minerals Corp. (TSX VENTURE:FPX) ("First Point") recently acquired mineral claims on its Letain Property in northern British Columbia. Nickel-iron alloy was observed in 9 out of 35 samples taken from serpentinized ultramafic bedrock while completing a regional exploration program. The disseminated nickel-iron alloy grains reach up to 100 microns in size and occur in an area measuring 300 by 580 meters which is open to the north and south. Scanning electron microscope analyses provided a range of 67 to 87% nickel, 12 to 28% iron and minor cobalt-copper and confirmed the presence of the mineral awaruite, a naturally occurring stainless steel which contains no sulphur. Minor heazlewoodite was also noted in composite grains. Total nickel values in the ultramafic rock samples range from 0.16 to 0.25%.

The 2,295 hectare area of the Letain property is located about 85 kilometers east of Dease Lake and is accessed by a summer exploration road. The Letain property is one of five nickel-iron alloy properties in British Columbia owned 100% by First Point. A sixth property, Decar, is under option to Cliffs Natural Resources Exploration (see details in News Releases November 13 and December 2, 2009).

The occurrence of nickel-iron alloy in a broad zone on the Letain property is viewed as very positive. The key exploration objective of the upcoming 2010 fieldwork program will be to define coarser grained alloy zones using primarily wide-spaced rock sampling.

ACME Analytical Laboratory Ltd., Vancouver, analyzed the rock samples using ICP-MS techniques and Micron Geological Ltd. employed an AMRAY 1810 scanning electron microscope equipped with an EDAX "Genesis" energy dispersive X-ray analyzer to complete microprobe semi-quantitative analytical work. Ron Britten, Ph.D., P. Eng., is responsible for the contents of this release.

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

"Peter M D Bradshaw"
Peter M D Bradshaw, President

Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.

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