First Point Minerals Corp. - News Releases - FIRST POINT MINERALS DISCOVERS NEW GOLD-SILVER TARGET AT CACAMUYA PROJECT, HONDURAS

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

Wed Jun 14, 2000
FIRST POINT MINERALS DISCOVERS NEW GOLD-SILVER TARGET AT CACAMUYA PROJECT, HONDURAS

Peter Bradshaw, President and CEO of First Point Minerals, is pleased to announce that the company has discovered a new gold-silver target at the Cacamuya Project in Southern Honduras. The new target zone --- Filo Lapa (or Lapa Ridge) --- is a new style of gold-silver mineralization in an area not previously mapped or sampled and located about 1,500 metres southwest of the Cerro Chachagua and D4 quartz veins (see attached map at the bottom of this release).

The Filo Lapa target consists of disseminated mineralization in intensely altered volcanics, in contrast to the high-grade gold-silver mineralization found in the epithermal quartz veins at Cerro Chachagua and the D4 Targets. The volcanics at the Filo Lapa target are dominated by felsic ash flow tuffs and include a flow dome complex and siliceous sinter that overlap the northeastern portion of a significant soil anomaly. Recent soil sample results have outlined a gold-silver soil anomaly about 500 metres wide at its eastern end and extending 750 metres to the west, where it is about 150 metres wide and remains open.

To date, only the northeast corner of the soil anomaly at Filo Lapa has been mapped in detail and only minor rock chip sampling has been done over an area measuring 10 metres by 42.5 metres. Five rock chip samples returned values between 25 and 130 grams/tonne silver and 0.30 and 1.08 grams/tonne gold. These results include one re-sampled interval as noted on the table below. The weighted average over the entire 74.6-metre distance is 69 grams/tonne silver (2.0 ounce/ton) and 0.64 grams/tonne gold (0.019 ounce/ton). These samples represent chips of intensely altered rock taken every 0.5 metres over the noted lengths, along the top, down the face and back along the base of a ten-metre high cliff.

Although work on the new target is preliminary, Filo Lapa is considered to be a high priority gold-silver target with bulk mineable characteristics. During the company's upcoming drill program on the Cerro Chachagua and D4 targets, First Point will complete additional mapping and sampling at the Filo Lapa target to help establish the grade and size of the new zone, and to define drill targets.

Mr. Bradshaw also reports that the company has signed an option agreement to purchase surface rights in the area of the Cerro Chachagua and D4 targets anytime up to June 2005. This agreement is significant as it provides First Point with an option on the surface rights, in the event the company proceeds with construction of a mine at Cacamuya.

ROCK CHIP SAMPLE RESULTS FROM FILO LAPA

---------------------------------------------------------
Sample #               SILVER           GOLD       LENGTH
                  GRAMS/TONNE    GRAMS/TONNE       METERS
---------------------------------------------------------
Initial Sample       
00PXB41 TOP OF CLIFF      105           0.41         20.0
         
Resample of 00PXB41        
00RMB93 TOP OF CLIFF      130           0.27         22.5
Additional Samples         
00RMB94 FACE OF CLIFF      34            0.3          9.6
00RMB95 BASE OF CLIFF      56           1.08         26.0
00RMB96 BASE OF CLIFF      25           0.65         16.5
---------------------------------------------------------
WEIGHTED AVERAGE           69           0.64  TOTAL  74.6
                      2.0oz/t     0.019 oz/t  METRES
=========================================================
             AREA SAMPLED IS 10 X 42.5 METRES
=========================================================

First Point has the right to earn a 60% interest in the Cacamuya property from Battle Mountain Gold, with Breakwater Resources holding the balance.

First Point's shares trade on the CDNX exchange under the symbol FPX.

For further information please check the First Point website at www.firstpointminerals.com or contact:
Peter M.D. Bradshaw, President and CEO, at (604) 681-8600
Bill Trenaman, Investor Relations, at (604) 681-8600

The Canadian Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Suite 2170 - 1050 West Pender St.
Vancouver, BC Canada V6E 3S7
Telephone (604) 681-8600
Fax (604) 681-8799

You can view the Next News Releases item: Fri Jun 16, 2000, First Point Minerals Drops Nevada Exploration Projects. Will Focus on its High-Grade Gold/Silver Cacamuya Project in Honduras.

You can view the Previous News Releases item: Wed May 17, 2000, FIRST POINT REVISES TERMS OF ONE MILLION DOLLAR FINANCING.

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