First Point Minerals Corp. - Aquila Resources

906-1112 W. Pender St.
Vancouver, B.C. V6E 2S1
Telephone: 604-681-8600
Toll Free: 1-866-FPM-8601
Fax: 604-681-8799

First Point's interest in Aquila Resources Corp.

First Point has entered into an agreement with Aquila Resources, ("Aquila") for the purposes of advancing First Point's Cedros property in Honduras. First Point also holds more than 1 million free trading shares in Aquila.

The Cedros Zinc-Gold Project, Honduras

Click on map to enlarge

In 2004, First Point Minerals entered into an agreement with Aquila Resources whereby Aquila acquired the Cedros property and First Point receiving 22% of Aquila Resources.

The Cedros property is located at the southern end of a belt of world-class, carbonate-hosted silver-zinc-lead deposits that extend from Mexico to central Honduras. The Spaniards mined the tops of high-grade, probably oxidized, massive sulfhide replacement zones along a two kilometer trend in the 1600 and 1700s. The Spaniards halted mining at relatively shallow depths when they encountered the water table.

First Point's exploration has focused on geological mapping and trenching within a very strong silver-zinc-lead soil geochemical anomaly measuring approximately two by three kilometers. Within this area the geology changes from large intrusions of intermediate to acid composition in the south, hosted in carbonate rocks, to a series of small stocks, dykes and sills of similar composition to the north. The carbonate rocks are generally more arenacous in the south and grade to more pure limestone in the north. The styles of mineralization also change from broader, disseminated bulk mineable silver-zinc at Carmelo Sur and Cedros Abajo in the south to the historically mined massive sulfhide replacement styles at Belen, Azul and El Carmelo in the north. Trenches in the south, in strongly oxidized and leached outcrop, have encouraging values as detailed in the table. These are prime targets for bulk-mineable silver-zinc in carbonates and other sediments adjacent to the major intrusions. Trenches to the north have encountered much higher grades related to massive sulfhide style carbonate replacement mineralization.

SIGNIFICANT TRENCH RESULTS - CEDROS ZINC-SILVER PROJECT

CEDROS ABAJO AND CARMELO SUR

BULK MINEABLE SOUTHERN ZONE

Trench Meters Silver
g/t Zinc
% Lead
%

CA-04 6.0 58.0 4.08 4.38

CA-05 45.0 1.30

CA-04 90.0 6.0 0.36 0.53

CA-05 77.0 3.0 0.36 0.35

BELEN, AZUL and CARMELO

MASSIVE SULPHIDE NORTHERN ZONE

Trench Meters Silver
g/t Zinc
% Lead
%

Azule-Comedor 5.0 58.0 10.4 1.50

Azule-98rmb87 2.7 108.0 7.80 4.10

Belen East BE-01 6.6 42.0 3.82 0.35

Jalisco 10.0 81.0 3.9 0.35

The next phase of work will include trenching and mapping in the Cedros Abajo area, the southern bulk mineable target, followed by drilling.

For Aquila to earn a 100% interest in the Cedros property, First Point will have to issue 225,000 common shares to the vendor of the property. The vendor will retain a 2% net smelter return royalty that can be purchased by Aquila at any time for $1,000,000 US.

Nickel Properties

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Tule, Honduras, Copper-Gold

Mesas de Cuapa, Nicaragua, Gold

BHP Billiton-First Point Minerals JV

Aquila Resources

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