6-K

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 6-K

REPORT OF FOREIGN ISSUER PURSUANT TO RULE 13a-16 AND 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934

For the Period Ended November 30, 2004

File No   0-49918

FIRST POINT MINERALS CORP.
(Name of Registrant)

Suite 906 – 1112 West Pender Street, Vancouver, B.C. V6E 2S1
(Address of principal executive offices)

Indicate by check mark whether the Registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
FORM 20-F ¨  FORM 40-F  ¨

Indicate by check mark whether the Registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes ¨  No x

SUBMITTED HEREWITH

Exhibits

99.1	Press Release dated September 23, 2004
99.2	Press Release dated October 12, 2004
99.3	Press Release dated November 9, 2004
99.4	Press Release dated December 10, 2004
99.5	Financial Statements for nine month period ended September 30, 2004
99.6	Management’s Discussion and Analysis for the nine month period ended September 30, 2004
99.7	Interim Certificate – CEO, November 29, 2004
99.8	Interim Certificate – CFO, November 29, 2004

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this Form 6-K to be signed on its behalf by the undersigned, thereunto duly authorized.

	First Point Minerals Corp.  (Registrant)
Date: December 17, 2004	By:	/s/ Christopher Mitchell
		Christopher Mitchell
		President and Director

EX-99.1

Suite 906 – 1112 West Pender Street
Vancouver, BC Canada V6E 2S1
Tel: 604/681-8600
Fax: 604/681-8799
Toll Free Number: 1-866-FPM-8601
e-mail “firstpoint@firstpointminerals.com”
TSX Venture Exchange: FPX

September 23, 2004

New discovery returns high grade gold at Rio Luna, First hole
in new drilling program completed.

Dr. Peter M D Bradshaw, P. Eng., Executive Chairman of First Point Minerals Corp. (TSXV: FPX) is pleased to announce that a sample that assayed 250 grams per tonne gold (7.5 oz. per tonne) has been collected from a new target in the Santa Juana area. The discovery occurs on what is thought to be the western extension of the Silvia vein. This sample is a composite grab of float material with typical epithermal textures collected from a sub-outcropping vein. Initial follow-up will consist of trenching to provide additional samples to confirm the vein’s width and dip, as well as strike extension east and west from this discovery, to enable the Company’s geologists to set out an efficient drill campaign to evaluate the discovery.

The site of the new discovery is plotted on Figure 2 of the Rio Luna project description on the Company’s website at http://www.firstpointminerals.com/i/maps/rio-luna-fig-2.gif.

As announced in First Point’s September 9th news release, the trenching program that continued throughout the summer rainy season has resulted in the discovery of several new veins at the Company’s 90 sq. km. Rio Luna gold project in Nicaragua.

• The Silvia vein is located approximately 230m NE from the Anillo vein and is striking towards Balsamo East. The Silvia vein has been traced discontinuously for 1.7 km. Systematic trenching and sampling is in progress.
  
  
• The Pablo vein is another major vein system sub parallel to the main Anillo/Lomita vein and is part of the El Paraiso vein system. The vein is located approx 100m SW of the Anillo/Lomita vein. Currently the Pablo vein can be traced for 350 meters at surface and is open in both directions. Three consecutive chip samples collected in trench TR96 returned 1.5 grams/tonne (g/t) gold over a width of 7.5 meters. The trench is being extended as it does not cover the full width of the vein. Approximately 50 meters west from this trench a composite grab sample of outcropping vein returned 6.9 g/t gold. These grades and widths are typical of discoveries made elsewhere on the property. The Pablo discoveries are currently being followed up with more systematic trenching.

• A composite sample of surface collected 100m north of the main Anillo/Lomita rock returned values up to 8.94 g/t gold. This may indicate the existence of another vein system in that area.

A total of 12km of epithermal quartz veining has now been identified at Rio Luna with a number of priority gold targets identified along these veins. Regional work and a follow up of all anomalous samples are continuing.

First drill hole from Phase II completed.

The Company also announces that Drill Hole DD-RL-29, the first hole in the current 1,000 meter drill program at Rio Luna, has been completed at a total length of 230 meters. The mineralized zone was intersected over a width of 22.3 meters, from 181.6 to 203.9 meters. This hole was drilled directly down dip from DD-RL-21 (which returned 3.2 meters of 15.8 g/t including 0.3 meters of 87.7 g/t gold) and DD-RL-22 (which returned 10.3 meters of 4.5 g/t including 1.2 meters of 57.6 g/t gold). The results from hole DD-RL-29 suggest that the North and South veins at the Balsalmo East target have merged at depth into a single wide mineralized zone of quartz breccia plus more massive quartz veins within the breccia. The core from hole DD-RL-29 is being cut and sampled and will be sent for analysis at CAS laboratories in Honduras. The assay results will be released as soon as they are available. Drilling of a deeper hole on the same section is in progress.

Dr. Peter Bradshaw is the Qualified Person overseeing the work at Rio Luna.

First Point Minerals Corp. is a Canadian precious and base metal exploration and development company with five precious and base metal projects located in the Americas. The Company is currently focusing its activities to explore, define and advance its Rio Luna gold project in Nicaragua. For more information please view: www.firstpointminerals.com or phone Ran Davidson, Director of Investor Relations at (604) 681-8600 or toll free at 1-866-FPM-8601.

ON BEHALF OF THE BOARD OF DIRECTORS

“Peter Bradshaw”

Peter M. D. Bradshaw, Executive Chairman

The TSX Venture Exchange has not reviewed, nor accepts responsibility for the adequacy or accuracy of this news release.

EX-99.2

Suite 906 – 1112 West Pender Street
Vancouver, BC Canada V6E 2S1
Tel: 604/681-8600
Fax: 604/681-8799
Toll Free Number: 1-866-FPM-8601
e-mail “firstpoint@firstpointminerals.com”
TSX Venture Exchange: FPX

October 12, 2004

First Point Minerals Exercises Option to Acquire 100% Interest in
Rio Luna Concession; Completes First Two Holes in the Current
Drilling Phase; Announces New Trench Results, and Applies for
Additional Gold Concessions in Nicaragua

Dr. Peter M D Bradshaw, P. Eng., Executive Chairman of First Point Minerals Corp. (TSXV: FPX) today announced that First Point is very encouraged by the results generated by the on-going drilling, trenching and soil sampling programs at Rio Luna. In light of the ongoing exploration success, First Point has exercised the option to acquire a 100% interest in the Rio Luna concession. The option, which did not have to be exercised until December 2005, included a final cash payment of US$10,000 and 60,000 of First Point’s common shares. After the Nicaraguan authorities have processed the transfer documents, registered title to the Rio Luna concession will be held by the Company’s wholly-owned Nicaraguan subsidiary, First Point de Nicaragua, S.A.

The first two holes on the second phase of drilling which targeted the North and South veins at the Balsamo East target area have been completed. In hole DD-RL-29, the best value was 1.0 gram/tonne (g/t) gold over 1.8 meters. Hole DD-RL-30, which intersected the same zone 50 meters down dip, averaged 1.3 g/t over 2.0 meters. Both holes were drilled to test the down dip extension of the North vein of the Balsamo East target where two holes from the first phase of drilling, as previously announced, returned 15.8 g/t gold over 3.2 meters (including 0.3 meters of 87.7 g/t) and 13.5 g/t gold over 5.2 meters (including 1.2 meters of 57.6 g/t gold). The drill has been moved along strike northwest of the Balsamo East target, to follow-up on good values obtained in surface sampling. An initial three hole program is testing the westerly continuation of the high grade zone.

The Company has received assays from CAS laboratories, Honduras, on a number of recently-collected surface samples. The most significant is a sub-crop sample which assayed 23.7 g/t gold. The sample was collected between the Balsamo and Balsamo East targets, which suggests that the high grade North vein at Balsamo East continues westward towards the Balsamo target, a distance of several hundred meters. In addition, a one meter chip sample collected from the eastern extension of the Balsamo East target returned 17.2 g/t gold indicating an extension of the vein system in that direction as well. Assays are pending from other recently completed trenches and results will be reported in due course.

The auger and trenching program is continuing on several targets, including the location of the 250 g/t gold grab sample reported previously, to better define a number of proposed drill sites.

Due to the exploration results obtained so far, Management is recommending a second drill rig be contracted for an expanded and accelerated third phase drill program, to be carried out during the up coming six month dry season.

First Point applies for three new concessions in Nicaragua

First Point has applied for three new concessions. The Boaco Viejo and the Mesas de Cuapa concessions, totaling 736 square kilometers, are located immediately east and south of the Rio Luna Project. These two concessions contain favorable geology with a wide area of alteration and anomalous gold values. The Rio Sombrero Negro concession totaling 407 square kilometers is 100 kilometers east of Rio Luna and has a number of historic gold prospects. First Point now has one of the largest land positions in Nicaragua totaling 1,233 square kilometers. Exploration work on these new concessions will commence as soon as the concessions have been granted.

In a report titled “Gold Mining and Exploration in Central America”, author Virginia Heffernan states “The level of gold exploration in Central America has increased significantly over the past year because the region is relatively under-explored, the price of gold is robust and laws are generally favorable to mining and exploration. Central America is re-emerging as a top destination for gold mining companies. Although just a quarter of the size of Mexico, its neighbor to the north, the long isthmus that connects South and North America is dotted with high-grade gold deposits.” This report may be viewed at http://www.firstpointminerals.com/i/pdf/Gold_in_Central_America-Rev6.pdf.

The recently announced agreement between Radius Gold and Meridian Gold confirms the acceleration of exploration efforts seeking gold in Nicaragua. Management believes that the mining and investment communities will be focusing more resources on exploration in Nicaragua, and companies with large land positions and favourable geology will be the greatest beneficiaries of this trend.

The qualified person supervising work on the Rio Luna gold project is Dr. Peter Bradshaw, P. Eng.

First Point Minerals Corp. is a Canadian precious and base metal exploration and development company with five precious and base metal projects located in the Americas. The Company is currently focusing its activities to explore, define and advance its Rio Luna gold project in Nicaragua. For more information please view: www.firstpointminerals.com or phone Ran Davidson, Director of Investor Relations at (604) 681-8600 or toll free at 1-866-FPM-8601.

ON BEHALF OF THE BOARD OF DIRECTORS

“Peter Bradshaw”

Peter M. D. Bradshaw, Executive Chairman

The TSX Venture Exchange has not reviewed, nor accepts responsibility for the adequacy or accuracy of this news release.

EX-99.3

Suite 906 – 1112 West Pender Street
Vancouver, BC Canada V6E 2S1
Tel: 604/681-8600
Fax: 604/681-8799
Toll Free Number: 1-866-FPM-8601
e-mail “firstpoint@firstpointminerals.com”
TSX Venture Exchange: FPX

FOR IMMEDIATE RELEASE  Nov 9, 2004 

First Point Completes Current Exploration Program at Rio Luna

Dr. Peter Bradshaw, P. Eng., Executive Chairman of First Point Minerals Corp. (TSXV:FPX) announces encouraging results from the mapping, trenching and drilling programs recently carried out over the Balsamo East and Balsamo West target areas at the Company’s 100% owned Rio Luna gold project in Nicaragua. An aggressive mapping and trenching program will continue, commencing with the beginning of the dry season in December, in order to better define additional targets to be drilled early in the New Year.

Trenching results

The trenching programs completed to date have delineated a number of veins within the El Paraiso Vein system with a cumulative strike length of more than 12 kilometers.

In the Balsamo East target area, the South and North veins have been identified in 15 trenches with assay results up to 1.56 g/t Au (“grams per tonne gold”) over 13.5 meters (“m”) and 1.90 g/t Au over 11.4m . The latter intersection includes 6.33 g/t Au over 1.2m. Moreover, samples taken from veins peripheral to the main North and South veins returned up to 17.23 g/t Au over 1m.

In the Balsamo West target area (which is located about 800m west of the Balsamo East target area), additional trenching has been done along two main systems, the Lomita vein and the Pablo vein. The distance between the Lomita vein and the parallel Pablo vein is approximately 140m. Selected zones between these two veins have been discovered and trenched. While some assays are still pending, significant findings from the results received to date are as follows:

• The Lomita vein has been traced over a 470m strike length and is open to the west. The vein has been intersected in eight trenches with assay values of up to 4.19 g/t Au over 4.95m.

• The Pablo vein has been traced over a strike length of about 600m and also remains open to the west. The vein has been identified in nine trenches with assay values up to 1.46 g/t over 7.5m and 1.61 g/t Au over 6.7m, the latter intersection including 4.23 g/t Au over 1.7m. Previously announced high grade intersections assaying between 13.5 and 15.8 g/t Au over widths of 3.2 to 5.2m were encountered in holes DD-RL-21 and DD-RL-22 that were drilled beneath a trench that assayed 1.49 g/t Au over 6.1m. It is noteworthy that the two new trenches are similar in tenor and width to the trench that overlies those high grade intersections.

• Several surface rock float samples collected over 1,100m west of the main Pablo vein carry up to 4.75 g/t Au and suggest that the Pablo vein continues to the west.

• Two new quartz veins and stockwork zones were identified between the Lomita and Pablo veins. The southern quartz vein was intersected in six trenches, but had no significant assay values. The northern quartz vein-stockwork has been intersected in 10 trenches with assay values up to 1.08 g/t Au over 7.5m, with some assay results still pending. This structure was also intersected in drill hole DD-RL-28. As reported in the July 12^th news release, drill hole DD-RL-28 intersected 1.2 g/t over 9.7m.

• The Silvia vein is sub-parallel to and about 230m north of the Lomita vein. As previously reported, a sample of float material with typical epithermal texture collected from the western extension of the Silvia vein assayed over 250 g/t Au. The Silvia vein has been traced by quartz float material and 12 trenches over a strike length of 2,350m.

• All three vein systems (Pablo, Lomita and Silvia) on the west end of the Rio Luna project, with a total strike length in excess of 4,500 meters, require additional mapping, soil sampling and trenching before drill targets are selected.

The location of these new veins can be seen on the Company’s web site at http://www.firstpointminerals.com/i/maps/rio-luna-fig-2.gif(see fig.2 under Rio Luna gold project)

Drilling results

Assay results have been received for the last three drill holes (DD-RL-31, DD-RL-32 and DD-RL-33) of the recently completed five-hole diamond drill program in the Balsamo East target area at Rio Luna. The target was intersected in all three holes, with 21.2 g/t gold over 0.3m in hole RL-32 and anomalous gold values in the other holes. Significant results are shown in the following table:

DD	From	To	Length	Gold
Hole #	[m]	[m]	[m]	[g/t]
RL-31	51.1	52.0	0.9	1.74
RL-32	105.5	106.9	1.4	1.86
	109.9	110.2	0.3	21.16
RL-33	131.8	133.4	1.7	1.58

These three holes are located on a section about 90 meters northwest of the section containing holes DD-RL-21 (for which an intersection of 15.8 g/t gold over 3.2m, including 0.3m of 87.7 g/t was previously reported) and DD-RL-22 (for which an intersection of 13.5 g/t gold over 5.2m, including 1.2m of 57.6 g/t gold, was previously reported). Additional drill testing is required to follow-up these higher grade intersections.

Sampling results

Surface quartz vein float or boulders were mapped and sampled along part of the main El Paraiso vein system, in an area that had not been sampled previously between the Balsamo East and Balsamo target areas. Most samples returned anomalous gold values, including one sample that assayed 23.67 g/t Au. Grid soil samples taken recently in this area indicate the presence of quartz

fragments in the soil samples and assay results are pending. Anomalous gold values in both rock and soil samples will be followed-up by hand trenching.

Dr. Bradshaw noted that more than 95% of the extensive vein systems at Rio Luna discovered to date are covered by overburden. Mapping and soil sampling followed by trenching are essential components in the process of identifying veins buried beneath shallow soil cover. “We are very encouraged that our sampling and trenching programs are continuing to generate attractive targets for follow-up diamond drilling”, Dr. Bradshaw stated.

The qualified person supervising work on this project is Dr. Peter Bradshaw, P. Eng.

First Point Minerals Corp. is a Canadian precious and base metal exploration and development company with five precious and base metal projects located in the Americas. The Company is currently focusing its activities to explore, define and advance its Rio Luna gold project in Nicaragua. For more information please view: www.firstpointminerals.com or phone Ran Davidson, Director of Investor Relations at (604) 681-8600 or toll free at 1-866-FPM-8601.

ON BEHALF OF THE BOARD OF DIRECTORS

“Peter Bradshaw”

Peter M. D. Bradshaw, Executive Chairman

The TSX Venture Exchange has not reviewed, nor accepts responsibility for the adequacy or accuracy of this news release.

EX-99.4

Suite 906 – 1112 West Pender Street
Vancouver, BC Canada V6E 2S1
Tel: 604/681-8600
Fax: 604/681-8799
Toll Free Number: 1-866-FPM-8601
e-mail “firstpoint@firstpointminerals.com”
TSX Venture Exchange: FPX

Dec 10^th, 2004

First Point Minerals Defines New Veins,
Reports Progress at Rio Luna

Dr. Peter M D Bradshaw, P. Eng, Executive Chairman of First Point Minerals Corp. (TSXV: FPX) is pleased to release additional results from the ongoing exploration program at the Company’s 100% owned Rio Luna gold project, Nicaragua. Through a program of soil sampling, auger sampling for quartz vein fragments and trenching the company has identified a number of extensions of known veins and a series of previously unknown sub-parallel veins and broad areas of silicification. First Point is completing an aggressive surface exploration program to trench, map and sample these veins as soon as possible in order to plan the next drilling program.

The company is currently focusing on the Santa Juana and Balsamo areas with this program but the program is being extended given the current results. In addition four soil anomalies located outside known target areas, based on an ongoing soil survey, warrant auger testing and trenching where no previous work has been done.

At Santa Juana a float sample from a quartz vein assayed 250 grams per tonne (g/t) gold, (7.5 oz. per tonne) (see news release dated Sept 23/04) and in this area five hundred-auger samples have been taken over an area of 400 x 250 meters and trenching is in progress. At the Balsamo West area, the company recently traced the Lomita vein for over 470 meters and it is open to the west, and the Pablo vein which was traced for over 1500 meters and also remains open to the west (see news release dated Nov 9/04). In the Balsamo West area one thousand auger samples have been taken over an area of 400 x 600 sq. meters and additional trenching is also in progress.

The auger sampling collects samples from a depth of 1 to 2 meters, the sample is washed and siliceous or quartz vein fragments extracted and logged by a geologist. Auger sampling is designed to much more quickly define the vein targets that are then trenched and sampled for analysis.

First Point has a twenty man crew currently carrying out the auger sampling and trenching program, which will define the targets for the next drilling program. The drilling to date has demonstrated that the “productive gold horizon” is below surface vein trace and excellent gold values can be encountered at shallow depths.

Samples from this trenching program have already been submitted to the laboratory, assays are pending, and results will be released when they are available. Further trench samples are following.

To date the El Paraiso vein system at Rio Luna has a cumulative strike length of over 12 kilometer and only one kilometer has been drill tested to date. Rio Luna is a low sulphidation epithermal gold vein system the same as known gold mines in the area, El Limon (3.0 million oz gold past production plus known reserves), La Libertad (2.6million oz) and La India (0.8 million oz), which all have both open pit and underground mining production.

The qualified person supervising work on this project is Dr. Peter Bradshaw, P. Eng.

First Point Minerals Corp. is a Canadian precious and base metal exploration and development company with five precious and base metal projects located in the Americas. The Company is currently focusing its activities to explore, define and advance its Rio Luna Gold Project in Nicaragua. For more information please view: www.firstpointminerals.com or phone Ran Davidson, Director of Investor Relations at (604) 681-8600 or toll free at 1-866-FPM-8601.

ON BEHALF OF THE BOARD OF DIRECTORS

“Peter Bradshaw”
Executive Chairman

Peter M. D. Bradshaw, Executive Chairman

The TSX Venture Exchange has not reviewed, nor accepts responsibility for the adequacy or accuracy of this news release.

EX-99.5

FIRST POINT MINERALS CORP.

FINANCIAL STATEMENTS

THIRD QUARTER 2004

November 25, 2004

NOTICE OF NO AUDITOR REVIEW OF INTERIM FINANCIAL STATEMENTS

Under National Instrument 51-102, Part 4, subsection 4.3(3)(a), if an auditor has not performed a review of the interim financial statements, they must be accompanied by a notice indicating that the financial statements have not been reviewed by an auditor.

The accompanying unaudited interim financial statements of First Point Minerals Corp. (the “Company”) have been prepared by and are the responsibility of the Company’s management.

The Company’s independent auditor has not performed a review of these financial statements in accordance with standards established by the Canadian Institute of Chartered Accountants for a review of interim financial statements by an entity’s auditor.

FIRST POINT MINERALS CORP.

CONSOLIDATED BALANCE SHEETS
September 30, 2004 and December 31, 2003

ASSETS
			September 30			December 31
			2004			2003
			(Unaudited)			(Audited)
CURRENT
Cash		$	440,441		$	1,869,354
Accounts and advances receivable			63,184			30,339
Prepaid expenses and deposits			28,274			33,571
			531,899			1,933,264
FUNDS IN TRUST			61,866			61,246
INVESTMENT	(Note 3)		864,073			-
CAPITAL ASSETS	(Note 4)		30,424			31,086
MINERAL PROPERTIES	(Note 5)		3,216,246			3,348,973
			4,704,508			5,374,569
LIABILITIES
CURRENT
Accounts payable and accrued liabilities			110,003			16,784
SHARE CAPITAL	(Note 6)		10,251,550			10,114,236
CONTRIBUTED SURPLUS			314,640			278,697
DEFICIT			(5,971,685	)		(5,035,148	)
			4,594,505			5,357,785
		$	4,704,508		$	5,374,569

APPROVED BY THE DIRECTORS

/s/	Peter M.D. Bradshaw	/s/	Robert A. Watts
	Director		Director

See notes to the consolidated financial statements

FIRST POINT MINERALS CORP.

CONSOLIDATED STATEMENTS OF LOSS AND DEFICIT
(Unaudited, prepared by management)
FOR THE THREE AND NINE MONTH PERIODS ENDED SEPTEMBER 30

		Three Months						Nine Months
		Ended September 30						Ended September 30
		2004			2003			2004			2003
EXPENSES
Accounting, legal and audit	$	126		$	425		$	3,413		$	3,907
Amortization		2,304			2,111			6,612			6,334
Communications		1,421			701			3,270			2,334
Management fees		32,152			6,400			71,652			24,800
Office and administration		6,497			1,946			16,606			3,281
Rent		5,679			4,254			16,734			12,761
Stock-based compensation		5,202						35,943
Travel and promotion		26,224			5,117			56,162			33,595
Trust and filing fees		4,385			1,435			31,712			24,516
Wages and benefits		37,754			10,669			62,776			31,091
General exploration		56,619			127,051			289,362			282,181
LOSS BEFORE OTHER ITEMS		178,363			160,109			594,242			424,800
OTHER ITEMS:
Interest income		(4,793	)		(5,020	)		(19,842	)		(14,659	)
Loss/(gain) on foreign exchange		6,258			2,827			921			4,044
Loss on disposal of mineral
property (Note 5)		-			-			361,216			-
NET LOSS FOR THE PERIOD		179,828			157,916			936,537			414,185
DEFICIT, BEGINNING OF PERIOD		5,791,857			4,421,121			5,035,148			4,164,852
DEFICIT, END OF PERIOD	$	5,971,685		$	4,579,037		$	5,971,685		$	4,579,037
LOSS PER SHARE (note 7)	$	(0.01	)	$	(0.01	)	$	(0.03	)	$	(0.01	)
WEIGHTED AVERAGE NUMBER OF SHARES
OUTSTANDING		31,663,237			23,642,954			31,357,980			23,579,657

See notes to the consolidated financial statements

FIRST POINT MINERALS CORP.

CONSOLIDATED STATEMENTS OF CHAGNES IN CASH POSITION
(Unaudited, prepared by management)
FOR THE THREE AND NINE MONTH PERIODS ENDED SEPTEMBER 30

		Three Months						Nine Months
		Ended September 30						Ended September 30
		2004			2003			2004			2003
CASH PROVIDED BY (USED FOR):
OPERATING ACTIVITIES
Net loss for the period	$	(179,828	)	$	(157,916	)	$	(936,537	)	$	(414,185	)
Add items not involving cash
Amortization		2,304			2,111			6,612			6,334
Stock-based compensation		5,202			-			35,943
Disposal of mineral
Property (Note 5)		-			-			1,136,636
		(172,322	)		(155,805	)		242,654			(407,851	)
CHANGES IN NON-CASH WORKING
CAPITAL COMPONENTS:
Accounts receivable		1,330			(4,917	)		(32,845	)		(5,218	)
Prepaid expenses		1,939			1,873			5,297			14,116
Accounts payable and accrued
Liabilities		53,556			(4,022	)		93,219			76,126
		(115,497	)		(162,871	)		308,325			(322,827	)
FINANCING ACTIVITIES *
Common shares issued for cash		-			-			26,414			236,210
INVESTING ACTIVITIES *
Equity in development company		-						(864,073	)
Mineral Exploration		(232,773	)		(86,346	)		(893,009	)		(512,173	)
Purchase of capital assets		(620	)		(3,006	)		(6,570	)		(9,539	)
		(233,393	)		(89,352	)		(1,763,652	)		(521,712	)
NET CASH (USED) DURING PERIOD		(348,890	)		(252,223	)		(1,428,913	)		(608,329	)
CASH, BEGINNING OF PERIOD		789,331			590,227			1,869,354			946,333
CASH, END OF PERIOD	$	440,441		$	338,004		$	440,441		$	338,004

• Supplemental Disclosure of non-cash financing and investing activities

  During the third quarter of 2004, the Company issued 60,000 (2003 – nil) common shares with an aggregate value of $8,400 (2003 – $nil) in connection with mineral property acquisition agreements

See notes to the consolidated financial statements

FIRST POINT MINERALS CORP.
Notes to the Unaudited Consolidated Financial Statements (Prepared by management)
September 30, 2004 and 2003

1.	NATURE AND CONTINUANCE OF OPERATIONS
	The Company is incorporated under the Alberta Business Corporations Act and is involved in the acquisition and exploration of property interests that are considered potential sites of economic mineralization. At the date of the financial statements, the Company has not identified a known body of commercial grade ore on any of its properties and the ability of the Company to recover the costs it has incurred to date on these properties is dependent upon the Company being able to identify a commercial ore body, to finance its exploration and development costs and to resolve any environmental, regulatory, or other constraints which may hinder the successful development of the property.
	These unaudited interim financial statements have been prepared by management on a going concern basis which assumes that the Company will be able to realize its assets and discharge its liabilities in the normal course of business for the foreseeable future. The continuing operations of the Company are dependent upon its ability to continue to raise adequate financing and to commence profitable operations in the future. The financial statements have not been audited, reviewed or otherwise verified as to the accuracy or completeness of information. Readers are cautioned that these statements may not be appropriate for their purposes.

	September 30, 2004	December 31, 2003
Deficit	$(5,791,857)	$(5,035,148)
Working Capital	$421,896	$1,916,480

2.	SIGNIFICANT ACCOUNTING POLICIES
	Basis of Accounting
	The accompanying unaudited interim financial statements have been prepared by management in accordance with generally accepted accounting principles (“GAAP”) in Canada on a basis consistent with those outlined in the Company’s audited financial statements for the year ended December 31, 2003. They do not include all of the information and disclosures required by Canadian GAAP for audited financial statements. In the opinion of management, all adjustments considered necessary for fair presentation have been included in these financial statements. These unaudited interim financial statements should be read in conjunction with the most recent audited annual financial statements of the Company, including the notes thereto.
	The Company has not changed any of its existing accounting policies, nor has it adopted any new accounting policies since its last fiscal year end.
	Stock-Based Compensation
	The Company records compensation associated with stock options granted to directors, officers, employees and consultants using a fair value measured basis and records the expense as the options vest with the recipients.
	Comparative Figures
	Certain comparative figures have been reclassified to conform to the current period’s presentation.

FIRST POINT MINERALS CORP.
Notes to the Unaudited Consolidated Financial Statements (Prepared by management)
September 30, 2004 and 2003

3.	INVESTMENT
	The Company entered into an agreement (the “Shareholders Agreement”) effective January 16, 2004 with a Michigan limited liability company, Menominee River Exploration Co., LLC (“MREC”) and seven individuals, being the owners of MREC (the “Initial US Investors”). Pursuant to the terms of the Shareholders Agreement, MREC and the Company transferred MREC’s Back Forty project in Michigan and First Point’s Cedros Property in Honduras to a new company, Aquila Resources Corp. (“Aquila”). In addition, First Point agreed to provide management services to assist Aquila in completing an Initial Public Offering and obtaining a listing on a Canadian stock exchange.
	As consideration for the foregoing transactions, First Point was to receive 2,215,569 Aquila common shares, of which 1,000,000 shares have been issued and are held in a special escrow account pending the Honduran government recording the transfer of title to the Cedros property to Aquila. The balance of the shares, being 1,215,569 shares, will be issued to First Point following the completion of Aquila’s Initial Public Offering. First Point also purchased 253,209 common shares of Aquila at $0.35 per share. Concurrently, the Initial US Investors purchased 889,649 common shares of Aquila at the same price. Subsequently, Aquila completed several small private placements and a rights offering in which certain investors purchased an aggregate of 2,583,882 common shares. As a result of the foregoing transactions, at the end of the third quarter, the Company owned or held conditional rights to an aggregate of 2,468,778 shares of Aquila having a deemed value (at $0.35 per share) of $864,073, representing an ownership interest in Aquila of approximately 17%.
4.	EQUIPMENT

	September 30, 2004			December 31, 2003
		Accumulated
	Cost	Amortization	Net Book Value	Net Book Value
	$	$	$	$
Computers	37,355	26,538	10,917	12,724
Office furniture and equipment	74,347	54,840	19,507	18,362
	111,702	80,778	30,424	31,086

5.	MINERAL PROPERTIES
	HONDURAS
	Cacamuya Property
	The Company acquired an option in July 1999 to purchase a 60% interest in the Cacamuya Property in southern Honduras from Minera Battle Mountain Gold Company ("BMG"). BMG subsequently became a wholly-owned subsidiary of Newmont Gold Company.
	To earn its interest, the Company was required to incur US$1,000,000 in exploration expenditures (completed) and to issue 700,000 common shares to BMG by July 2004. Of these, 200,000 shares had been issued as at March 31, 2004, and the remaining 500,000 were issued to BMG in June 2004. BMG retains a 0.6% NSR royalty interest in the property.
	The Company also has an option to earn the remaining 40% interest in this property from a wholly-owned Honduran subsidiary of Breakwater Resources Ltd. by issuing 500,000 common shares at such time as the Honduran government enacts the regulations to the new Honduran mining code and proceeds to record a transfer

FIRST POINT MINERALS CORP.
Notes to the Unaudited Consolidated Financial Statements (Prepared by management)
September 30, 2004 and 2003

5.	MINERAL PROPERTIES (Continued)
	HONDURAS (Continued)
	of title to the property. Breakwater Resources will retain a sliding scale royalty of 0.4% of the gross sale proceeds starting at US$325 per ounce of gold and rising to a maximum of 1.2% of the gross sale proceeds at US$400 per ounce of gold for all gold production, and 0.4% of the gross sale proceeds starting at US$5.25 per ounce of silver and rising to a maximum of 1.2% of the gross sale proceeds at US$7.00 per ounce of silver for all silver production.
	Cedros Property
	The Company has an option to acquire a 100% interest in three mineral concessions and exploration permits that comprise the Cedros property. To earn its interest at any time, the Company must issue 225,000 common shares (none issued to date) and maintain the property title in good standing during the option period. The property is subject to a 2% Net Smelter Return (“NSR”) royalty which can be purchased by the Company at any time for US$1,000,000. At December 31, 2003, the Company’s deferred exploration expenditures on the Cedros property amounted to $1,136,636.
	As part of the Shareholders Agreement (see note 3), the Company agreed to transfer its interest in the Cedros zinc-silver property in Honduras to Aquila and to provide certain management services to Aquila in return for 2,215,569 Aquila common shares. The Company placed a deemed value of $775,420 ($0.35 per share) on the Aquila shares issuable in consideration for the transfer of the Cedros property and accordingly, has recorded a loss of $361,216 on the disposal of the Cedros property.
	NICARAGUA
	Rio Luna Property
	In December 2002, the Company entered into an option agreement to acquire a 100% interest in the Rio Luna Property from Inversiones de Terra Nova S.A. (“Intersa”), a subsidiary of Novaterra Resources Inc. During the current quarter, the Company exercised its option to acquire the property by paying Intersa US $10,000 in cash and issuing 60,000 of its common shares to Intersa. Expenditures on this project during the quarter totalled $238,610 (2003 - $60,475). Expenditures for the nine month period totalled $836,302 (2003 - $145,072).
	EL SALVADOR, HONDURAS, NICARAGUA
	Exploration and Property Option Agreement
	In February 2003, the Company entered into an exploration and property option agreement with BHP Billiton World Exploration Inc. (“BHPBilliton”) whereby the parties agreed to complete a US $200,000 exploration program in El Salvador, Honduras and Nicaragua (the “Target Area”) to explore for copper-gold deposits, with the Company as operator of the program. BHPBilliton subscribed to a private placement of 178,000 First Point units at $0.42 per unit, being the equivalent of US $50,000, and contributed an additional US $50,000 in cash to the exploration budget. The Company contributed an aggregate of US $150,000 to the exploration budget.
	Cumulative expenditures reached US $200,000 late in the first quarter of 2004. The parties have agreed to fund additional expenditures on a 50/50 basis, up to a cumulative US $275,200. Cumulative expenditures from project inception to the end of the third quarter of 2004 are US $259,563, exclusive of a 7.5% management fee the Company is entitled to receive for managing the exploration program.
	Until such time as a property has been acquired, all expenditures incurred under this agreement are being expensed.

FIRST POINT MINERALS CORP.
Notes to the Unaudited Consolidated Financial Statements (Prepared by management)
September 30, 2004 and 2003

5.	MINERAL PROPERTIES (Continued)
	EL SALVADOR, HONDURAS, NICARAGUA (Continued)
	The properties currently controlled by the Company in Honduras and Nicaragua are excluded from the agreement with BHPBilliton. In addition, any copper-gold deposit identified pursuant to this agreement, unless the copper constitutes more than 25% of the economic value of the deposit, will belong 100% to the Company, and BHPBilliton will have no interest in such deposit.
6.	SHARE CAPITAL
	Authorized share capital consists of an unlimited number of common shares without par value and an unlimited number of first and second preferred shares.

	Number of
	Common
	Shares	$
Common shares:
Issued at December 31, 2002	22,839,954	8,015,161
Private placements (1)	6,178,000	1,510,260
Warrants exercised	1,950,000	557,950
Shares issued for a prepaid expense	30,500	10,065
Options exercised	50,000	16,000
Mineral property acquisition	15,000	4,800
	8,223,500	2,099,075
Issued at December 31, 2003	31,063,454	10,114,236
Warrants exercised	90,000	26,414
Mineral property acquisition	560,000	110,900
Issued at September 30, 2004	31,713,454	10,251,550
(1) net of share issue costs of $64,500

a)

Stock options:

The Company has an incentive stock option plan that conforms to the requirements of the TSX Venture Exchange and that has been approved by the shareholders. Options to purchase common shares have been granted to directors, officers, employees and consultants of the Company at exercise prices determined by the market value of the common shares on the date of the grant. A summary of the options outstanding at September 30, 2004 follows:

FIRST POINT MINERALS CORP.
Notes to the Unaudited Consolidated Financial Statements (Prepared by management)
September 30, 2004 and 2003

6.	SHARE CAPITAL (Continued)
a)	Stock options (Continued)

Number	Exercise Price	Expiry
Outstanding	$	Date
620,000	0.39	December 7, 2004
315,000	0.50	June 27, 2005
75,000	0.19	January 16, 2007
305,000	0.20	January 22, 2007
50,000	0.55	April 30, 2007
50,000	0.53	June 4, 2007
460,000	0.55	June 27, 2007
150,000	0.34	November 4, 2008
710,000	0.35	December 12, 2008
40,000	0.33	February 1, 2009
175,000	0.20	April 15, 2009
2,950,000

				Weighted-Average
	Weighted-Average	Number		Contractual
	Exercise Price	of Options		Remaining Life
Balance, December 31, 2002	0.41	2,274,000		3.03
Granted	0.36	910,000
Exercised	0.53	(50,000	)
Cancelled	0.20	(100,000	)
Balance, December 31, 2003	0.395	3,034,000		2.80
Granted	0.33	40,000
	0.20	175,000
Expired	0.45	(199,000	)
	0.53	(50,000	)
	0.32	(50,000	)
Balance, September 30, 2004	0.382	2,950,000		2.48

The fair value of options reported as compensation expense in the current quarter has been estimated using the Black-Scholes Option Pricing Model. A total of 10,000 options vested during the quarter for which stock-based compensation expense of $2,601 was recorded (2003 – $Nil). The assumptions used to determine the fair value of the stock options that vested during the third quarter are set out in the following table:

Risk free interest rate	3.64%
Volatility	132.3
Term (in years)	5
Vesting terms	25% per quarter

Option pricing models require the input of highly subjective assumptions, particularly as to the expected price volatility of the stock. Changes in these assumptions can materially affect the fair value estimate and therefore it is management’s view that the existing models do not necessarily provide a single reliable measure of the fair value of the Company’s stock option grants.

FIRST POINT MINERALS CORP.
Notes to the Unaudited Consolidated Financial Statements (Prepared by management)
September 30, 2004 and 2003

6.	SHARE CAPITAL (Continued)
b)	Warrants outstanding at September 30, 2004 are summarized as follows:

Number	Exercise Price	Expiry
Outstanding	$	Date
89,000	0.62(1)	April 28, 2005
3,100,000	0.30	December 9, 2005
3,189,000

Note: Exercise price of these warrants increased from $0.52 per share on April 28, 2004.

7.	LOSS PER SHARE
	Loss per share has been calculated using the weighted-average number of common shares outstanding during the quarter. Diluted loss per share has not been calculated as it is anti-dilutive.
8.	RELATED PARTY TRANSACTIONS
	During the quarter, the Company paid companies controlled by Company officers an aggregate of $32,151 (2003 – $6,400) for management and administrative services.
9.	SUPPLEMENTARY NOTES
	As at November 25, 2004, there were 31,713,454 common shares outstanding. There were also 2,950,000 options outstanding with exercise prices ranging from $0.19 to 0.55 per share and expiry dates extending to October 26, 2009 and 3,189,000 warrants outstanding with exercise prices ranging from $0.30 to $0.62 per share and expiry dates extending to December 9, 2005.

EX-99.6

MANAGEMENT’S DISCUSSION & ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

This Management’s Discussion and Analysis (“MD&A”) reviews the activities of First Point Minerals Corp. (“First Point”, or the “Company”) and compares the financial results for the third quarter and first nine months of 2004 with those of the corresponding periods in 2003. In order to gain a more complete understanding of First Point’s financial condition and results of operations, this MD&A should be read in conjunction with the financial statements and accompanying notes for the relevant periods, copies of which are filed on the SEDAR website.

First Point prepares its financial statements in accordance with Canadian generally accepted accounting principles, and these statements are filed with the relevant regulatory authorities in Canada. All monetary amounts are in Canadian dollars unless otherwise noted.

This MD&A contains certain forward-looking information. All information, other than historical facts included herein, including without limitation data regarding potential mineralization, exploration results and future plans and objectives of First Point is forward-looking information that involves various risks and uncertainties. There can be no assurance that such information will prove to be accurate and actual results and future events could differ materially from those anticipated in the forward-looking information.

The forward-looking information is only made as of the date of this MD&A, November 25, 2004 (the “Report Date”)

1.             Overview

First Point was incorporated as a junior capital pool company in the province of Alberta on February 2, 1995 and established itself as a mineral exploration company in June 1996. The Company’s exploration efforts at the present time are focused on the exploration and development of precious metal properties in Central America, principally in Honduras and Nicaragua, with interests in three mineral properties and several exploration projects in Central America. First Point is also doing reconnaissance exploration in Peru.

Effective January 16, 2004, First Point entered into an agreement (the “Shareholders Agreement”) with Menominee River Exploration Co. LLC, a Michigan limited liability company, (“MREC”) and certain individuals who are the shareholders of MREC for the purposes of advancing First Point’s Cedros property in Honduras and MREC’s Back Forty property in the Upper Peninsula of Michigan. A new company, Aquila Resources Corp. (“Aquila”), was formed under the Canada Business Corporations Act and First Point and MREC have contributed the Cedros and Back Forty properties, respectively, to Aquila. Aquila’s principal focus will be on zinc and copper deposits with commercially important gold and/or silver credits.

As consideration for First Point contributing the Cedros property to Aquila and providing management services to assist Aquila in completing an Initial Public Offering and obtaining a listing on a Canadian stock exchange, Aquila agreed to issue 2,215,569 of its common shares to First Point. The Company has placed a value of $775,420 on these shares. Of these shares, 1,000,000 have been placed in a special escrow pending the Honduras government transferring title to the Cedros property to Aquila and 1,215,569 shares are to be issued to First Point when Aquila’s shares begin to trade publicly. First Point also subscribed for 253,208 common shares at 0.35 per share. The Company’s aggregate shareholding in Aquila is 2,468,777 common shares, representing an ownership interest of approximately 17%, with an aggregate cost basis of $864,073. This is the amount shown on the balance sheet as the carrying value of First Point’s investment in Aquila.

1

MANAGEMENT’S DISCUSSION & ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

2.             Results of Operations

First Point explores for precious metal deposits, none of which have been advanced to the point where a production decision can be made. The Company has no producing properties, and no sales or revenues.

The net loss for the quarter ended September 30, 2004 was $179,828 (2003 - $157,916). There were significant increases in management fees, travel and promotion and wages and benefits as compared to the prior year’s third quarter. The increase in management fees results from having an increased portion of the services needed to manage the Company’s affairs provided under contractual arrangements rather than performed by employees. General exploration expenditures for the third quarter of 2004 of $56,619 (2003 - $127,051) were lower because the Company’s technical resources were directed at the Rio Luna project (where exploration expenditures were capitalized) instead of to general exploration, where such costs would have been expensed. Since a portion of certain head office expenses, including wages and benefits and office rent are allocated to the Company’s projects, based upon the amount of direct expenditures on such projects, in periods where general expenditures are lower, the amounts allocated are also lower, resulting in more of the costs remaining in expense categories such as wages and benefits, and rent.

For the nine months ended September 30, 2004, the net loss was $936,537 (2003 - $414,185). The largest component of the increase was the write-off of $361,216 of deferred exploration expenditures (2003 - $nil), being the difference between the carrying value of the Cedros property ($1,136,636 at December 31, 2003) and the $775,420 deemed value of the 2,215,569 Aquila common shares issuable to the Company as consideration for transferring the Cedros property to Aquila. There were also significant increases in management fees, wages and benefits, travel and promotion, and stock-based compensation expenses for the first nine months of 2004.

The consolidated statements of project and general exploration expenses for the nine months ended September 30, 2004 and 2003 on pages 3 and 4 following provide details on the nature of the Company’s exploration expenditures.

Nicaraguan operations:

The Company incurred gross expenditures on the Rio Luna property during the nine months of 2004 of $836,302 (2003 - $145,072).

First Point entered into an option to purchase agreement in December 2002 to acquire a 100% interest in the Rio Luna property. The option was exercised in the current quarter by the issuance of 60,000 common shares with a deemed value of $8,400 and a cash payment of US $10,000 to the optionee.

Geological reconnaissance and trenching on the property during 2003 identified 8.8 kilometers of strike length in several vein systems. Late in the first quarter of 2004, the Company started a drilling program on four areas: Balsamo, Balsamo East, Santa Rita and El Rodeo. A total of 28 holes totaling 2,400 meters of drilling were completed before the program had to be suspended early in the third quarter due to the onset of adverse weather conditions.

2

MANAGEMENT’S DISCUSSION & ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

FIRST POINT MINERALS CORP.
STATEMENT OF PROJECT AND GENERAL EXPLORATION EXPENDITURES
NINE MONTHS ENDED SEPTEMBER 30, 2004

PROJECT EXPLORATION			GENERAL EXPLORATION			TOTAL
HONDURAS		NICARAGUA	BHP Billiton	Cent. & So. America	Other
Cacamuya	Cedros	Rio Luna

	$	$		$	$		$		$		$
BALANCE - December 31, 2003	1,973,594	1,136,636		238,743	-		-		-		3,348,973
Property Acquisition and Option Costs	126,830			21,155							147,985
Field - Community Relations	2,196	15		6,918	77						9,206
Field – Drilling				421,015							421,015
Field - Food & Accommodation	534	99		18,259	9,342		3,386		70		31,690
Field – Labour	13,037	53		45,536	29,845		5,822				94,291
Field - Office Rent & Communication	1,209	1,278		4,728	1,429		575				9,219
Field – Supplies	4	59		8,912	2,706		388				12,068
Field - Transportation & Freight	1,974	610		34,254	29,883		4,434				71,155
Field - Trenching							5,525				5,525
Assaying & Analysis				20,892	37,964		4,771				63,627
Computer Usage	190			3,120	1,340		1,650		480		6,780
Environmental & Reclamation	1,302			34							1,335
Geological & Technical Services				44,024	16,313		10,535				70,872
Legal & Accounting Fees	3,208	2166		2,698	7,060		178				15,310
Office Costs/Communications	37			21	214		5,378				5,651
Property Taxes	4,698			10,476	1,442		2,851				19,511
Salaries/Employee Benefits	5,803			79,854	38,957		56,917		15,927		197,457
Travel & Accommodation	630			8,513	3,107		3,411		83		15,743
General Administration	5,955	739		105,894	21,673		15,734		2,832		152,827
Recoverable Expenses		(5,061	)		(52,936	)					(58,101	)
TOTAL EXPLORATION EXPENDITURES	167,607	0		836,302	148,416		121,555		19,392		1,293,271
WRITEOFF: GENERAL EXPLORATION					(148,416	)	(121,555	)	(19,392	)	(289,362	)
DEFERRED EXPLORATION		(1,136,636	)								(1,136,636	)
NET DEFERRED EXPLORATION	167,607	(1,136,636	)	836,302	-		-		-		(132,727	)
BALANCE – September 30, 2004	2,141,201	-		1,075,045	-		-		-		3,216,246

3

MANAGEMENT’S DISCUSSION & ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

FIRST POINT MINERALS CORP.
STATEMENT OF PROJECT AND GENERAL EXPLORATION EXPENDITURES
NINE MONTHS ENDED SEPTEMBER 30, 2003

PROJECT EXPLORATION				GENERAL EXPLORATION			TOTAL
HONDURAS		NICARAGUA		BHP Billiton	Cent. & So. America	Other
Cacamuya	Cedros	Rio Luna	El Chaparral

	$	$	$	$	$		$		$		$
BALANCE - December 31, 2002	1,584,214	1,126,110	28,362	-	-		-		-		2,738,686
Property Acquisition and Option Costs	11,370	2,273		498							14,141
Field - Community Relations			211	120	16						347
Field – Drilling	196,465										196,465
Field - Food & Accommodation	3,122		8,743	273	7,220		6,014		22		25,393
Field – Labour	27,799		29,576	75	6,534		328				64,312
Field - Office Rent CCCCCommunication	3,107	1,431	1,110	133	1,272		209				7,261
Field – Supplies	3,326		4,052	50	3,456		794				11,678
Field - Transportation & Freight	6,837		17,987	474	9,424		11,011				45,733
Field - Trenching			9,631								9,631
Assaying & Analysis	6,291		15,227	293	5,123		4,541				31,475
Computer Usage	1,710	30	1,243	110	1,790		2,980		930		8,793
Environmental & Reclamation	724		3,970								4,694
Geological & Technical Services	4,909		5,686	1,400	9,367		26,341				47,702
Legal & Accounting Fees	13		253	3,454							3,720
Office Costs/Communications	1,898		325		1,695		818		9		4,746
Property Taxes			8,431								8,431
Salaries/Employee Benefits	43,743	887	20,936	3,103	36,913		82,851		22,797		211,232
Travel & Accommodation	2,834		1,927		4,287		4,399		381		13,829
General Administration	36,907	286	15,762	1,156	10,616		17,100		2,942		84,770
Recoverable Expenses
TOTAL EXPLORATION	351,056	4,907	156,210	11,138	97,713		157,387		27,082		794,355
WRITEOFF: GENERAL EXPLORATION	-	-	-	-	(97,713	)	(157,387	)	(27,082	)	(282,182	)
NET DEFERRED EXPLORATION	351,056	4,907	156,210	11,138	-		-		-		512,173
BALANCE – September 30, 2003	1,935,270	1,131,017	184,572	11,138	-		-		-		3,250,859

4

MANAGEMENT’S DISCUSSION & ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

In the latter stages of the program, drilling revealed the presence of a second vein in the Balsamo East target area, which is now believed to contain at least two major, moderate to steep south-dipping epithermal quartz breccia veins and stockwork zones. The best drill hole intersections consisted of 15.8 grams of gold per tonne (“g/t”) over 3.2 meters (including 0.3 meters grading 87.7 g/t) and 13.5 g/t over 5.2 meters (including 1.2 meters grading 57.6 g/t).

Drilling to follow-up on these intersections resumed late in the third quarter, after the rains began to abate and ground conditions improved. A total of five holes were drilled, of which four had been completed by the end of the Third Quarter. Although all holes encountered anomalous gold values, the drilling was unable to replicate the excellent results encountered in the two holes completed earlier. The best value was an intersection 0.3 meters in length in hole RL-32 that averaged 21.16 g/t.

Trenching continued throughout the rainy season, with encouraging results. The cumulative strike length of the vein systems delineated to the end of the current quarter now exceeds 12 kilometers, with several zones showing evidence of multiple parallel veins containing anomalous concentrations of gold. In addition, sampling of surface quartz vein float or boulders has demonstrated the presence locally of high concentrations of gold. The highest grade sample collected during the quarter was a float sample that assayed 250 g/t gold.

Trenching and surface mapping will continue throughout the Fourth Quarter.

Honduran operations:

First Point’s deferred exploration expenditures on the Cacamuya property during the first nine months of 2004 were $167,607 (2003 - $351,056). The 2004 expenditures consisted largely of the deemed value ($102,500) of 500,000 First Point shares issued to exercise the option to acquire a 60% interest in this property from Minera Battle Mountain Gold. The 2003 expenditures included $196,465 in drilling expenses. No drilling was done on this project during the first nine months of 2004, as the Company’s exploration personnel were deployed to work on the Rio Luna project and the BHP Billiton reconnaissance program during much of the period. As there was no drilling in the 2004 period, expenditures for field labour, salaries and benefits in this period were substantially lower than in the prior year’s comparative period. In addition, since general administration expenses are allocated to individual projects and general exploration activities on a prorata basis using total expenditures excluding G&A costs, the portion of general administration expenses allocated to Cacamuya for the nine months of 2004 was correspondingly lower, as compared to the amount allocated in the 2003 period.

BHP Billiton exploration and property option agreement:

The Company’s net expenditures under the BHP Billiton agreement during the first nine months of 2004 were $148,416 (2003 - $97,713). The amount shown for 2004 is net of $52,936 of recoverable expenses. Field work under the BHP Billiton agreement did not commence until the second quarter of 2003 and as a consequence, expenditures for the nine months ending September 30, 2003 were modest.

The original budget for the exploration program was US$200,000 and cumulative expenditures were US $201,642 through March 31, 2004, exclusive of a 7.5% management fee payable to the Company for acting as manager of the project. Subsequent to the end of the First Quarter of 2004, an additional US $75,200 of expenditures were authorized, with funding to be split 50/50 between BHP Billiton and the Company. The $52,936 of recoverable expenditures represents amounts recoverable from BHP for its share of the expenditures incurred through September 30, 2004 in excess of the originally authorized US

5

MANAGEMENT’S DISCUSSION & ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

$200,000. There were no recoverable expenses in the comparable 2003 period, inasmuch as the cumulative expenditures as at September 30, 2003 had not exceeded US $200,000.

Work to be performed with the additional funds will consist of prospecting, stream sediment sampling and mapping on several targets identified during the initial US $200,000 program.

Aquila Resources Corp.:

The Company vended the Cedros zinc-silver property in Honduras to Aquila Resources Corp. for 2,214,569 Aquila common shares, pursuant to an agreement effective January 16, 2004. The carrying value of the Cedros property on the Company’s books was $1,136,636, whereas the Aquila shares issuable in consideration of the transfer of the property had a deemed value of $775,420, resulting in a loss of $361,216 on the transaction. The Cedros property had been kept on a “care and maintenance” basis for the past several years, awaiting higher metal prices. The Company is of the view that shareholder value from this property would best be enhanced by transferring ownership to an entity focused on exploring and developing base metal properties.

Aquila also acquired the Back Forty zinc-gold deposit in Michigan, and intends to build, over time, a portfolio of base metal properties. Preliminary discussions have been held with prospective sources of financing for the purposes of funding an aggressive exploration program, directed primarily at advancing the Back Forty project.

The Back Forty is an advanced stage exploration project focusing on gold and massive sulfide targets. Early in 2002, drill testing of a geophysical anomaly resulted in the discovery of the LK massive sulfide zinc/gold deposit. Subsequent drilling in 2003 defined a potentially economic resource of zinc and gold rich massive sulfide mineralization, plus adjacent gold rich sections low in sulfides. The massive sulfide lenses show impressive widths and continuity. The potential to expand the three massive sulfide zones is excellent. The Main Zone massive sulfides remain open down plunge to the west, and ground geophysical surveys indicate probable extension in this direction for at least another 425 meters. The Tuff Zone massive sulfide is open at depth and along strike to the east, and has not been drilled along its surface projections where there is potential for enriched gossans similar to the East Zone. In addition there are impressive gold intercepts in a variety of host rocks peripheral to massive sulfide mineralization suggest strong potential for “gold only” style mineralization.

3.             Summary of Quarterly Results

The following tables summarize information derived from the Company’s financial statements for each of the eight most recently completed quarters:

		Quarter Ended:	Sep. 30	June 30	Mar. 31	Dec. 31	Sep. 30	June 30	Mar. 31	Dec. 31
		Year:	2004	2004	2004	2003	2003	2003	2003	2002
(a)	Net sales or total revenue
		($ 000s)	$Nil	$Nil	$Nil	$Nil	$Nil	$Nil	$Nil	$Nil
(b)	Income (loss) from continuing operations:
	(i)	in total (000s)	$(178)	$(157)	$(259)	$(456)	$(155)	$(152)	$(107)	$(277)
	(ii)	per share(1)	$(0.01)	$(0.00)	$(0.00)	$(0.02)	$(0.01)	$(0.01)	$(0.00)	$(0.02)
(c)	Net income or loss:
	(i)	in total (000s)	$(180)	$(144)	$(613)	$(456)	$(158)	$(154)	$(102)	$(278)
	(ii)	per share(1)	$(0.01)	$(0.00)	$(0.02)	$(0.02)	$(0.01)	$(0.01)	$(0.00)	$(0.02)

(1) Fully diluted loss per share amounts have not been calculated as they would be anti-dilutive.

6

MANAGEMENT’S DISCUSSION & ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

4.             Liquidity and Capital Resources

First Point finances its activities primarily by the private placement of securities. There is no assurance that equity funding will be accessible to First Point at the times and in the amounts required to fund the Company’s activities, as there are many conditions that are beyond the ability of First Point to control that will have a bearing on the level of investor interest in purchasing the Company’s securities.

Debt financing has not been used to fund the Company’s property acquisitions and exploration activities and First Point has no current plans to use debt financing. The Company has no “stand-by” credit facilities, nor any off-balance sheet arrangements and it does not use hedges or other financial derivatives.

Cash and Financial Conditions:

The Company’s cash position was $440,441 at September 30, 2004 ($1,869,354 at December 31, 2003).

The Company’s working capital was $421,896 at September 30, 2004 ($1,916,480 at December 31, 2003).

Investing Activities:

During the third quarter of 2004, the Company’s cash flow used for investing activities was $233,393 (2003 - $89,352). For the first nine months of 2004, cash flow used for investing activities was $1,763,652 (2003 - $521,712), of which $864,073 (2003 - $Nil) was the investment in Aquila, and $893,009 (2003 - $512,173) was for exploration expenditures that were deferred.

Financing Activities:

The Company had no financing activities in the third quarter of 2004 (2003 - $Nil). During the first nine months of 2004, the Company received $26,414 from the exercise of warrants. In the comparable 2003 period, a total of $236,210 was received from the exercise of options and warrants and the private placement with BHP Billiton.

In a non-cash transaction in the third quarter of 2004 the Company issued 60,000 shares with a deemed value of $8,400 and made a cash payment of US $10,000 in order to complete the exercise of an option to acquire a 100% interest in the Rio Luna property in Nicaragua.

Outlook:

It is anticipated that for the foreseeable future, First Point will rely on the equities markets to meet its financing needs. The Company will also consider entering into joint venture arrangements to advance its projects.

The Company has initiated discussions with several parties in respect of completing a financing to provide the working capital and funding for the Company’s activities in 2005.

Outstanding share data as at the Report Date:

First Point had 31,713,454 shares outstanding, or 37,872,454 shares on a fully diluted basis on the Report Date. There are 3,189,000 warrants outstanding with conversion prices of $0.30 to $0.62 per share that expire at various dates ranging to December 9, 2005. In addition, there are 2,950,000 stock options

7

MANAGEMENT’S DISCUSSION & ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

outstanding under the Company’s incentive stock option plan. The stock options are exercisable at prices ranging from $0.19 to $0.55 per share, with expiry dates ranging to October 26, 2009. If the holders were to acquire all 6,159,000 shares issuable upon conversion of all warrants and exercise of all incentive stock options outstanding, the Company would receive an additional $2,118,430.

5.             Transactions with related parties

During the third quarter, First Point paid $32,152 (2003 - $6,400) to companies controlled by certain officers of the Company for management and administrative services.

These transactions were in the normal course of operations and were measured at the agreed amount, which was the amount of consideration established and agreed to with the related parties.

8

EX-99.7

Interim Certificate

               I, Peter M.D. Bradshaw, Executive Chairman and Chief Executive Officer of First Point Minerals Corp., certify that:

1.	I have reviewed the interim filings (as this term is defined in Multilateral Instrument 52-109 Certification of Disclosure in Issuers’ Annual and Interim Filings) of First Point Minerals Corp., (the issuer) for the interim period ending September 30, 2004;
2.	Based on my knowledge, the interim filings do not contain any untrue statement of a material fact or omit to state a material fact required to be stated or that is necessary to make a statement not misleading in light of the circumstances under which it was made, with the respect to the period covered by the interim filings;
3.	Based on my knowledge, the interim financial statement together with the other financial information included in the interim filings fairly present in all material respects the financial condition, results of operations and cash flows of the issuers, as of the date and for the periods presented in the interim filings.

Date: November 29, 2004

/s/	Peter M.D. Bradshaw
	Executive Chairman and Chief Executive Officer

EX-99.8

Interim Certificate

               I, J. Christopher Mitchell, President and Chief Financial Officer of First Point Minerals Corp., certify that:

1.	I have reviewed the interim filings (as this term is defined in Multilateral Instrument 52-109 Certification of Disclosure in Issuers’ Annual and Interim Filings) of First Point Minerals Corp., (the issuer) for the interim period ending September 30, 2004;
2.	Based on my knowledge, the interim filings do not contain any untrue statement of a material fact or omit to state a material fact required to be stated or that is necessary to make a statement not misleading in light of the circumstances under which it was made, with the respect to the period covered by the interim filings;
3.	Based on my knowledge, the interim financial statement together with the other financial information included in the interim filings fairly present in all material respects the financial condition, results of operations and cash flows of the issuers, as of the date and for the periods presented in the interim filings.

Date: November 29, 2004 

/s/	J. Christopher Mitchell
	President and Chief Financial Officer