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June 06, 2012 Tl'Azt'En Nation Signs Exploration Memorandum Of Understanding With First Point Minerals Corp. And Cliffs Natural Resources Exploration Canada Inc.

VANCOUVER, BC - June 6, 2012 -- Tl'azt'en Nation ("Tl'azt'en"), First Point Minerals Corp. (FPX-TSX.V) ("First Point") and Cliffs Natural Resources Exploration Canada Inc., an affiliate of Cliffs Natural Resources Inc. (NYSE: CLF) (Paris: CLF) ("Cliffs"), are pleased to announce the signing of an Exploration Memorandum of Understanding ("MOU") for the Decar nickel-iron alloy project, located in central British Columbia, Canada. The MOU formalizes protocols for continuing the cooperative working relationship established between the Tl'azt'en Nation including constituent Keyoh families, First Point and Cliffs regarding exploration activities for the Decar Project. The MOU confirms the Tl'azt'en Nation's support for the exploration activities and acknowledges as well as describes how project activities will be managed with respect to: cultural and environmental interests of the Tl'azt'en communities; on-going community consultation activities; and socio-economic benefits to the Tl'azt'en communities through community contribution funds and business opportunities. The MOU also establishes processes for the future negotiation of a comprehensive Impact and Benefits Agreement should the project proceed to mine development, emphasizing the mutual respect and positive long-term relationship between the parties during all phases of the Decar Project. Peter Bradshaw, chairman of First Point said, "The signing of this MOU represents a very positive step in the advancement of this property and I look forward to continuing the very positive and constructive relationship with the Tl'azt'en Nation." Chief Pierre, stated, "On behalf of the Tl'azt'en Nation, I commend Cliffs for working with us in good faith to ensure that the exploration program safeguards environmental and cultural values while also providing opportunities and benefits to our members. The agreement lays a foundation for a successful working relationship between Cliffs, First Point and our people." "Cliffs shares First Point's and Chief Pierre's positive sentiments about the signing of the MOU," stated Brian Butterworth, president of Cliffs Natural Resources Exploration Canada Inc. "We will seek to employ and source goods and services for the Decar Project locally, with a particular emphasis during the exploration phase on training to maximize employment opportunities."