First Point Minerals Announces Management Change and Intention to List on the TSX-V Following Voluntary De-Listing From the TSX

VANCOUVER, BC--(Marketwired - June 10, 2016) - First Point Minerals Corp. (TSX: FPX) ("First Point" or the "Company") announces that Trevor Rabb, P. Geo., is stepping down as the Company's Vice-President of Exploration in order to focus on other opportunities. Mr. Rabb will remain as an advisor to First Point on an ongoing basis.

The Company further announces that it will pursue a voluntary delisting of its common shares from the Toronto Stock Exchange and will be submitting an application for a concurrent listing of the Company's common shares on the TSX Venture Exchange (TSX-V). The transition to the listing on the TSX-V is expected to occur within the next 90 days. There will be no interruption in trading of the Company's common shares.

The decision to move to the TSX-V was made in order to reduce annual administrative costs.

About First Point

First Point Minerals Corp. is focused on the exploration and development of the Decar Nickel-Iron Alloy Project, located in central British Columbia, and other occurrences of the same unique style of naturally occurring nickel-iron alloy mineralization known as awaruite. For more information, please view the Company's website at www.firstpointminerals.com or contact Martin Turenne, President and CEO, at (604) 681-8600.

On behalf of First Point Minerals Corp.

"Martin Turenne"
Martin Turenne, President and CEO

Forward-Looking Statements
Certain of the statements made and information contained herein is considered "forward-looking information" within the meaning of applicable Canadian securities laws. These statements address future events and conditions and so involve inherent risks and uncertainties, as disclosed in the Company's periodic filings with Canadian securities regulators. Actual results could differ from those currently projected. The Company does not assume the obligation to update any forward-looking statement.

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