FPX Nickel Corp. V.FPX

NEWS - First Point Minerals Acquires Nickel P

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https://www.firstpointminerals.com/s/NewsReleases.asp?ReportID=186476&_Type=News-Releases&_Title=First-Point-Minerals-Acquires-Nickel-Properties Mon May 14, 2007 First Point Minerals Acquires Nickel Properties First Point (FPX: TSX: V) has recently acquired 100% of two large, early stage, nickel properties in British Columbia as part of an expanding nickel exploration program. These properties stem from work undertaken by First Point a number of years ago when the company investigated metallurgical recovery of naturally occurring nickel-iron minerals (not hosted in silicate minerals) and nickel sulphides. Bench scale metallurgical studies by First Point at that time demonstrated that the nickel could be extracted by a combination of leaching and physical separation from certain nickel rich ultramafic rocks with the particular, and moderately unique, nickel mineralogy. When this initial work was completed the price of nickel was US$3.50/lb and the economics of such a project did not appear attractive. With nickel currently trading in excess of US$20.00/lb these targets are much more attractive and First Point has renewed its interest in this project by acquiring properties. The two properties are each part of large nickel rich ultramafic complexes. Historic work, done when nickel prices were very much lower, has been undertaken on these properties and is being compiled. Future work will be undertaken based on this compilation but will include initial mapping and sampling as well as additional metallurgical studies. Dr. Ron Britten, P.Eng is the qualified person responsible for this release. 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 [phone]. 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: [phone] Fax: [phone] e-mail "[e-mail]" You can view the Previous News Releases item: Thu Mar 15, 2007, First Point Minerals Grants Stock Options You can return to the main News Releases page, or press the Back button on your browser. News Releases