First Point Minerals Corp.

First Point Minerals Corp.

October 25, 2010 09:30 ET

First Point Releases Results from Corralitos Gold Property, Mexico

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 25, 2010) - First Point Minerals Corp. (TSX VENTURE:FPX) ("First Point" or "the Company") has received diamond drill core assay results for the Noria target at the Corralitos property, located in Chihuahua State, Mexico. Results from the thirteen drill hole, 1,344 metre program included 5.87 grams/tonne (g/t) Au over a 1.65 metre interval in Hole 1, from 55.1 to 56.75 metres depth.

Several narrow zones in other drill holes carried less than 2 g/t Au. Other elevated indicator elements, including As, Sb and Hg, confirm the nature of the "Carlin-style" target; however, the low gold values and absence of strong silicification in the drill core has caused First Point geologists to downgrade the importance of the Noria target at the property.

"We considered Noria to be the most prospective of several targets at the Corralitos property, and we did encounter some positive indicators in the core," said Dr. Ron Britten, First Point's VP of Exploration. "Unfortunately the gold values are not in line with what we anticipated, and we will be looking to other targets for future gold exploration potential."

This work program has been completed as part of First Point's property option agreement with Teck Resources Limited's Mexican subsidiary, Minera Teck S.A. de C.V. (refer to First Point news releases dated May 29, 2007, and July 8, 2009). First Point's geological team will assess other prospective drill targets at the Corralitos property over the course of the winter to determine the Company's best course of action with regard to future exploration at the property.

Drill core samples were analyzed at ALS Chemex Laboratories Ltd. in Vancouver, British Columbia, by fire assay with atomic absorption and by ICP-MS techniques. Dr. Ron Britten, P. Eng., First Point's Vice-President of Exploration and Qualified Person under NI43-101, has reviewed and approved the technical content of this news release.

About First Point
First Point Minerals Corp. is a Canadian base and precious metal exploration company. The Company's flagship Decar property hosts naturally formed nickel-iron alloy mineralization.

On behalf of First Point Minerals Corp.

"Peter Bradshaw"
Peter Bradshaw, Ph.D., P.Eng., President & CEO

Forward-Looking Statements

Certain of the statements made and information contained herein is considered "forward-looking information" within the meaning of the British Columbia Securities Act, the Alberta Securities Act and the Ontario Securities Act. 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 TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.

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