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Re: News Releases - Wednesday, August 01, 2007
First Point Proposes Warrant Extension
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First Point Minerals Corp. announces that it proposes to extend the
expiry date of the share purchase warrants to purchase 11,619,288
common shares at an exercise price of $0.20 per share issued in
connection with a non-brokered private placement completed in 2
tranches on March 1 and March 13, 2006. The Company originally extended
the expiry date for six months to September 1 and September 13, 2007
and proposes to extend such expiry date by a further six months to
March 1 and March 13, 2008 respectively. In all other respects, the
terms of the share purchase warrants remain unchanged.

The application to amend the warrants is subject to its acceptance by
the TSX Venture Exchange and the Company makes no assurances that the
required acceptance for the extension of the term of the warrants will
be accepted.

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.


FIRST POINT MINERALS CORP.

"Peter M.D. Bradshaw"

Peter M.D. Bradshaw, President
(FPX:TSX:V)

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"
TSX Venture Exchange: FPX

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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 Wed Aug 1, 2007 at 11:31:34 AM Pacific Time
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