VANCOUVER, BRITISH COLUMBIA–(Marketwire – Feb. 9, 2012) – First Point Minerals Corp. (TSX VENTURE:FPX) (“First Point” or the “Company”) is pleased to announce that it has received conditional approval for its common shares to be listed on the Toronto Stock Exchange (“TSX”), subject to customary deliverables. First Point’s common shares will commence trading on the TSX, once final approval is received, under the symbol “FPX”.

“First Point’s graduation to the TSX is a testament to the significance of the Company’s pioneering work on nickel-iron alloy deposits. The TSX is one of the world’s leading stock exchanges for mining and exploration companies and the listing will broaden First Point’s exposure to international investors,” said Peter Bradshaw, Chairman of First Point. “Together with the recent appointment of Jim Gilbert as president and CEO (see News Release dated January 24, 2012), who takes up his duties in the middle of this month, this is yet another important milestone in the evolution of First Point.”

About First Point

First Point Minerals Corp. is a Canadian base and precious metal exploration company. The Company’s primary asset is the Decar nickel-iron alloy project in central British Columbia, which is currently held 49% by First Point and 51% by Cliffs Natural Resources. In addition to Decar, First Point holds eight other 100%-owned nickel-iron alloy properties in B.C., Yukon and Australia. For more information, please view the Company’s website at www.firstpointminerals.com.

On behalf of First Point Minerals Corp.

Peter Bradshaw, Ph.D., P. Eng., Chairman



FOR FURTHER INFORMATION PLEASE CONTACT:

First Point Minerals Corp.
Peter Bradshaw
Chairman
(604) 681-8600
(604) 681-8799(FAX)



First Point Minerals Corp.
Rob Robertson
VP Corporate Development
(604) 681-8600
(604) 681-8799(FAX)
[email protected]
www.firstpointminerals.com