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Re:   News Releases - Tuesday, April 06, 2010
      First Point Announces 50% Increase in Private Placement
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This news release, required by applicable Canadian laws, is not for
distribution to U.S. newswire services or for dissemination in the U.S.


First Point Minerals Corp. (FPX-TSX.V) ("First Point" or, the
"Company") announces that in response to very strong investor interest,
the private placement financing announced on March 29, 2010 has been
increased by 50% to $7.5 million.  The offering will now be for up to
15,000,000 units at a price of $0.50 per unit, for gross proceeds of up
to $7.5 million.   The Company expects that the financing will be fully
subscribed.

"We are very pleased with this strong support" said Peter Bradshaw,
President and CEO. "The additional funding will allow us to greatly
accelerate the exploration of the six nickel alloy properties in North
America in which First Point holds 100% interests, expand our
international search for the same class of deposit elsewhere in the
world and also increase the size of the drilling programme on our
Corralitos gold programme in Mexico.  Drilling will commence at
Corralitos at the end of this month"

As announced in the March 29th press release, the private placement
will consist of one common share and one-half of a non-transferable
share purchase warrant.  Each whole warrant entitles the holder to
purchase, for a period of two years from the closing of the private
placement (the "Closing"), one common share at a price of $0.65 per
share for the first year and $0.80 per share for the second year.

The warrants will contain a provision that will enable First Point to
force exercise of the warrants if, during the term of any unexercised
warrant commencing four months after the Closing, the common shares of
the Company trade on any exchange for a period of 20 consecutive
trading days at a price of $1.10 per share or greater.

Cliffs Natural Resources ("Cliffs") has stated its intention to
subscribe for 15% of the issue as is its right under the Decar property
option agreement, as previously announced.

First Point may pay a finder's fee or commission and issue
non-transferable broker warrants in connection with the private
placement in accordance with policies of the TSX Venture Exchange.

Several insiders of First Point will be participating in the private
placement.  Their participation will be on the same terms as arm's
length investors, and such insiders' shareholdings in the Company will
increase as a result of any such participation.  The private placement
may close before 21 days following the filing of the material change
report regarding this announcement if management determines it to be
necessary or desirable for sound business reasons.

Closing, which is subject to acceptance of the TSX Venture Exchange, is
expected to occur on or about April 19, 2010.  The units issued by way
of private placement exemptions from prospectus requirements will be
subject to a four-month hold.

First Point Minerals Corp. is a Canadian base and precious metal
exploration company.  For more information, please view the Company's
website at www.firstpointminerals.com or phone Peter Bradshaw,
President and CEO, or Ron Britten, Vice-President of Exploration, at
(604) 681-8600.

On behalf of First Point Minerals Corp.

"Peter Bradshaw"
Peter Bradshaw, Ph.D., P.Eng., President & CEO - TSX Venture Exchange:
FPX


Suite 906 -- 1112 West Pender Street
Vancouver, BC Canada V6E 2S1
Tel: 604/681-8600  Fax: 604/681-8799
e-mail firstpoint@firstpointminerals.com


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

This press release, required by applicable Canadian laws, is not for
distribution to U.S. news services or for dissemination in the United
States, and does not constitute an offer of the securities described
herein. These securities have not been registered under the United
States Securities Act of 1933, as amended, or any state securities
laws, and may not be offered or sold in the United States or to U.S.
persons unless registered or exempt therefrom.

Statements in this release that are forward-looking statements are
subject to various risks and uncertainties concerning the specific
factors disclosed under the heading "Risk Factors" in the Company's
periodic filings with Canadian securities regulators. Such information
contained herein represents management's best judgment as of the date
hereof based on information currently available. The Company does not
assume the obligation to update any forward-looking statements.

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Copyright (c) 2010 FIRST POINT MINERALS CORP. (FPX)  All rights
reserved.  For more information visit our website at
http://www.firstpointminerals.com/ or send
mailto:info@firstpointminerals.com
Message sent on Tue Apr 6, 2010 at 10:24:43 AM Pacific Time
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