Good morning to you all. Please find enclosed a summary of the breaking small-cap and micro-cap financial news we highlighted on AGORACOM Small Cap TV this morning. It’s July 4th, 2011, and we’ve found 2 great press releases to report on at the open. Another great day for small-cap and micro-cap financial news. To watch the show live every morning at 9:30 AM, visit our front page.

Ithaca Energy Inc.: Jacky Production Restored

Ithaca Energy Inc. (TSX VENTURE:IAE)

Ithaca Energy Inc. announces that stable production from the Jacky field has been restored in the J01 well ("the well") at approximately 3,120 barrels of oil per day ("bopd")(1,482 bopd net to Ithaca).

Production has been restored to this level through the replacement of a dual ESP system with slightly larger pumps providing greater operational flexibility and prolonged run life. The well was producing at approximately 2,800 bopd (1,300 bopd net to Ithaca) before the loss of pump assisted flow, as previously announced.

Jacky Joint Venture Partners are Ithaca (Operator, 47.5%), Dyas UK Ltd (42.5%), North Sea Energy (UK) Limited (10%).

Athena Project Update

The engineering and modifications associated with the dry dock works in Dubai to extend the Floating Production Storage and Offloading vessel, 'BW Athena' by 65 feet and install a turret docking system have been completed. The vessel has now been re-floated ready for installation of the new power generation and water injection modules during July 2011. This is another critical milestone accomplished towards achieving first oil in Q4 2011.

About Ithaca Energy:

Ithaca Energy Inc. and its wholly owned subsidiary Ithaca Energy (UK) Limited ("Ithaca" or "the Company"), is an oil and gas exploration, development and production company active in the United Kingdom's Continental Shelf ("UKCS"). The goal of Ithaca, in the near term, is to maximize production and achieve early production from the development of existing discoveries on properties held by Ithaca, to originate and participate in exploration and appraisal on properties held by Ithaca when capital permits, and to consider other opportunities for growth as they are identified from time to time by Ithaca.

Last: 2.08Range: 3.06-1.61Market Cap: 531 million

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First Point Minerals Announces Positive Metallurgical Test Results for the Decar Nickel-Iron Alloy Project

First Point Minerals Corp. (TSX VENTURE:FPX)

is pleased to announce positive metallurgical results from test work completed by Cliffs Natural Resources Exploration Inc., an affiliate of Cliffs Natural Resources Inc. (NYSE:CLF)(Paris:CLF) ("Cliffs"), for the Decar nickel project in central British Columbia.

The metallurgical test work shows the "naturally occurring" nickel-iron alloy is recoverable using a simple, low-risk, conventional two-stage grinding and magnetic separation process. This will produce a ferronickel concentrate grading 2.6% nickel based on an 80% recovery of the nickel-iron alloy, which represents 49% of the rock's total contained nickel. The concentrate also grades 52% iron as magnetite and 2.2% chromite.

"We are very gratified with these results, which fell within our targeted recovery of the nickel-iron alloy. It is a very important milestone for the project being able to demonstrate the nickel-iron alloy is recoverable in potentially economic amounts," said Peter Bradshaw, President and CEO of First Point. "This nickel-iron concentrate is very likely to be an attractive alternative to lateritic nickel ores for the production of nickel pig iron, as it is more consistent in grade and much lower in water content."

About First Point

First Point Minerals Corp. is a Canadian base and precious metal exploration company. For more information, please view the Company's website at www.firstpointminerals.com.

Last: 0.93Range: 1.06-0.41Range: 84 million

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