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Re: News Releases - Tuesday, May 29, 2007
First Point Minerals Options Gold/Silver Property in Mexico
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First Point Minerals Corp. "First Point" (FPX:TSX:V) has acquired a
right to an option on the Corralitos Property in the state of Chihuahua
in Mexico from Teck Cominco Limited's Mexican subsidiary, Minera Teck
Cominco, S.A. de C.V. "MTC". Under the terms of the agreement First
Point, through a Mexican subsidiary, can earn a 100% interest in the
property by spending US$2 million on exploration over the next 5 years
and issuing MTC 500,000 First Point shares. On First Point vesting with
100% MTC shall have a one time right to back-into the property and earn
an initial 51% by spending US$4 million. MTC can increase its interest
to 65% by spending a further $20 million or completing a feasibility
which ever comes first and to 70% by arranging financing for First
Point's share of development costs. If MTC does not make the election
to back-in then it shall retain a 1% NSR. The transaction is subject
to acceptance of the regulatory authorities.

MTC initially acquired this large property in 2002 for its base metal
potential as it surrounds the margin of the San Pedro Corralitos
silver, zinc, lead, copper deposit, and conducted preliminary surface
exploration work involving rock sampling and a magnetic survey over the
entire Property. The property has not been drilled.

First Point plans to focus its initial attention on an area of the
property where 9 of 10 surface rock samples ranged from 6.2 to 13.9
grams per tonne (g/t) gold in a 400 by 600 metre area. The samples are
from several mineralized, silicified or strong alteration zones which
occur in limestone, sediments and intrusions in a window through
shallow alluvial cover so the extent of this mineralized area is still
unknown. First Point will initially map and rock and soil sample
portions of the property to be followed by trenching and drilling this
year.

In other regions of the property massive to colloform quartz veins or
stockwork that trend northwest and northeast, have a strike length of
approximately 8 kilometers and carry anomalous to significant values in
silver, zinc and lead. Andesite dikes and feldspar porphyry intrusions
appear to be spatially related to the structural breaks which host the
silver-base metal veins in the southern end of Corralitos Property and
the adjoining San Pedros Corralitos Deposit.

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

ON BEHALF OF THE BOARD OF DIRECTORS
"Peter Bradshaw"
Peter M. D. Bradshaw, President

The TSX Venture Exchange has not reviewed, nor accepts responsibility
for the adequacy or accuracy of this news release.
Suite 906 -- 1112 West Pender Street
Vancouver, BC Canada V6E 2S1
Tel: (604) 681-8600
Fax: (604) 681-8799
e-mail "firstpoint@firstpointminerals.com"

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Copyright (c) 2007 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 May 29, 2007 at 8:18:30 AM Pacific Time
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