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Re:   News Releases - Monday, January 05, 2009
      First Point Minerals Expands Advisory Committee, Revises the
      Cedros Agreement and Grants Stock Options
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First Point Minerals ("First Point", or the "Company") is pleased to
announce the addition of Dr. John McDonald and Mr. Tom Beattie to its
Advisory Committee.

Dr. McDonald was the Vice-President Exploration for both Diamondex
Resources Ltd. and Winspear Diamonds Inc., where he and his technical
team were directly responsible for the discovery and development of the
Snap Lake diamond deposit.  De Beers Canada acquired Winspear's
majority ownership in the Snap Lake deposit for $305 million in 2000.
Prior to his employment with Winspear and Diamondex, he worked for ten
years for Esso Minerals Canada as Chief Geologist and Exploration
Manager, Western Canada.  Dr. McDonald was the founding Director for
the Mineral Deposit Research Unit (MDRU) at the University of British
Columbia, one of the most successful mining industry/university
co-operative ventures in the world.  Prior to working in industry and
at MDRU, his career included five years of mineral deposit research
with CSIRO, Australia and a 13-year tenure as a professor at the
University of Saskatchewan, Saskatoon and Australian National
University, Canberra, Australia.  In 2000, in recognition for his
contribution to the industry, Dr. McDonald received the HH "Spud"
Huestis award for excellence in prospecting and mineral exploration
from the B.C. and Yukon Chamber of Mines.  He is also a 2007 recipient
of the Hugo Dummett Diamond Award for excellence in diamond exploration
and development.

Mr. Beattie received a B. Comm. and LLB from the University of British
Columbia and has more than 25 years experience in the resource sector
working with mineral exploration and mining companies.  During this
time he has had very extensive international experience in North and
South America, Asia and Australasia, including negotiating various
types of mining agreements with foreign governments and mining
companies.  Most recently Mr. Beattie was Vice-President, Corporate
Affairs for Southwestern Resources.  Prior to that he was a founding
member of Orvana Minerals Corp. and served as that company's Executive
Vice-President and General Counsel.  It was while he served in those
capacities that Orvana Minerals acquired the Don Mario gold project in
Bolivia, which project was placed into production in 2002.  Before
joining Orvana Minerals, Mr Beattie was a solicitor for Placer Dome.

In 2004 First Point vended its interest in the Cedros silver, zinc,
lead property in Honduras to Aquila Resources Inc.  Under the terms of
the agreement, First Point was to receive one million common shares of
Aquila on transfer of mineral title to the Cedros concession to Aquila.
 Shortly after the parties entered into the agreement, the Honduran
government announced that it would be introducing a new mining code and
that pending approval of the new code by the Honduran Congress, a
moratorium was being placed on the transfer of all mineral titles and
on applications for new mineral concessions.  Drafting of the new
mining code has now been on going for four years and in spite of the
draft code being presented to Congress several times, it has not been
passed.  As a result of the long delay and major changes in economic
conditions, Aquila wished to be relieved of its obligation to purchase
the property.  Aquila has issued 500,000 free trading Aquila common
shares to First Point, in consideration for which the Company has
relinquished its claim to the other 500,000 Aquila common shares and
Aquila has been released from its purchase obligation.

The Company's Board of Directors has approved the granting of stock
options for a total of 2,300,000 shares to thirteen individuals.  The
grants are being made pursuant to the Company's incentive stock option
plan that includes directors, officers, employees and consultants,
including members of the Advisory Committee.  The options are effective
January 5, 2009, have an exercise price of $0.10 per share and expire
January 5, 2014. 

First Point is a Canadian precious and base metal exploration company
focused on the Americas.  The Company's property portfolio includes two
nickel projects in which it holds a 100% interest, including the Decar
nickel alloy property in central British Columbia (see press release
November 12, 2008).  The nickel occurrences on these targets are in the
form of a nickel-iron alloy assaying approximately 75% nickel.  The
style and grade of the mineralization has the potential for
significantly lower bulk mining and processing costs as compared to
traditional sulphide and oxide (laterite) nickel deposits.  As well has
having potential economic advantages, recovery of nickel from this
deposit type will also have very low environmental impact because of
the absence of sulphide minerals within and adjacent to such deposits.

For more information, please view: www.firstpointminerals.com.  As well
as other information, at the lower left corner of the home page there
is a link to a presentation on the Decar Property. For additional
information phone either Peter M.D. Bradshaw, President and CEO, or Ron
Britten, Vice-President of Exploration, at (604) 681-8600.

FIRST POINT MINERALS CORP.

"Peter M.D. Bradshaw"
Peter M.D. Bradshaw, President - 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"

The TSX Venture Exchange has not reviewed, nor accepts responsibility
for the adequacy or accuracy of this news release.

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Copyright (c) 2009 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 Mon Jan 5, 2009 at 3:06:22 PM Pacific Time
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