VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 29, 2012) - James Gilbert, President and Chief Executive Officer of First Point Minerals Corp. (TSX VENTURE:FPX) ("First Point" or the "Company") is pleased to announce the appointment of Mr. Martin Turenne, Chartered Accountant, as the Company's Chief Financial Officer, effective September 1, 2012.
"We are very pleased that Marty Turenne accepted the position of CFO with First Point," states Jim Gilbert, President and CEO. "Mr. Turenne consulted to the Company in the First Half of 2011 on the conversion of its accounts to International Financial Reporting Standards. More recently, he has assisted with the implementation of systems and procedures to facilitate the timely consolidation of the accounts of the Company's wholly-owned off-shore subsidiaries, as the number of such companies has increased over the last 12 months, a reflection of First Point's expanding international search for awaruite, a natural occurring nickel-iron alloy that is potentially a very important economic source of nickel. The appointment takes on added significance with the accelerated reporting time frames that will apply to the Company's interim and annual financial statements following the impending transfer of the Company's stock exchange listing from the TSX Venture Exchange to the Toronto Stock Exchange, which is expected to be completed within the next several weeks.
Mr. Turenne is a Chartered Accountant with over 11 years experience as a senior consultant providing financial reporting, internal control and regulatory compliance assistance to public companies in the mining, retail and chemicals industries. Prior to forming his own consulting practice, Mr. Turenne worked at KPMG LLP's Vancouver office, where he provided audit and assurance services to clients in the real estate and banking sectors. He is a member of the Canadian Institute of Chartered Accountants and holds a Bachelor of Business Administration from Simon Fraser University.
Mr. Turenne succeeds Mr. Christopher Mitchell, P. Eng., as CFO, who has served in that position since July 2003. Mr. Mitchell, a director of the Company, will continue to act in that capacity, while also continuing to serve as First Point's Corporate Secretary.
Mr. Turenne has been granted options on 200,000 shares of the Company's common stock, exercisable at a price of $0.50 per share for a five year period commencing September 1, 2012.
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 www.firstpointminerals.com.
On behalf of First Point Minerals Corp.
James S. Gilbert, President and CEO
Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.
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