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VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 15, 2012) -





NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES





First Point Minerals Corp. (TSX VENTURE:FPX) ("First Point" or the "Company") is pleased to announce that it has priced its previously announced best efforts flow-through financing led by Raymond James Ltd. The flow-through common shares will be priced at $0.60 for gross proceeds of up to $2,000,000 (the "Offering"). The private placement of common shares is to be issued on a "flow-through" basis under the Income Tax Act (Canada).


The closing date of the Offering is scheduled on or about June 26, 2012. All securities issued will be subject to a four month hold period. The Offering is subject to a number of conditions, including, without limitation, receipt of all regulatory approvals.



About First Point



First Point Minerals Corp. is a Canadian base and precious metal exploration company operating worldwide. For more information, please view the Company's website at





FOR FURTHER INFORMATION PLEASE CONTACT: Jim Gilbert
First Point Minerals Corp.
President and CEO
(604) 681-8600
ORRob Robertson
First Point Minerals Corp.
VP Corporate Development
(604) 681-8600
http://www.firstpointminerals.com/">www.firstpointminerals.com