2010 Fourth Quarter and Year Results Release Date

FIRST QUANTUM MINERALS TO PUBLISH 2010 FOURTH QUARTER AND YEAR RESULTS

ON MARCH 15, 2011

First Quantum Minerals Ltd. ("First Quantum" or the "Company", TSX Symbol "FM", LSE Symbol "FQM")will publish its 2010 fourth quarter and year results on Tuesday, March 15, 2011 after the close of the TSX. The Company's President, Clive Newall, will host a conference call and webcast to discuss the results on Wednesday, March 16, 2011.

Conference call and webcast details are as follows:

Date: March 16, 2011

Time: 6:00 am (PST); 9:00 am (EST); 1:00 pm (BST)

Webcast: www.first-quantum.com

Dial in : Canada and international: 416-340-8527

Toll free North America: 1-877-240-9772

Toll free United Kingdom: 00-800-2787-2090

Replay: Canada and international: 416-695-5800

Toll free North America: 1-800-408-3053

Replay Passcode: 3416560

The conference call replay will be available until 11:59 pm (PST) on March 23, 2011. An archived transcript of the call will also be available on First Quantum's website (www.first-quantum.com).

On Behalf of the Board of Directors 12g3-2b-82-4461

of First Quantum Minerals Ltd. Listed in Standard and Poor's

G. Clive Newall

President

For further information visit our web site at www.first-quantum.com

North American contact: Sharon Loung, Director, Investor RelationsTel: (647) 346-3934 Fax: (604) 688-3818 Toll Free: 1 (888) 688-6577 E-Mail: sharon.loung@fqml.com United Kingdom contacts: Clive Newall, PresidentTel: +44 140 327 3484 Fax: +44 140 327 3494 E-Mail: clive.newall@fqml.comor

Brian Cattell/James Devas, Maitland

Tel: +44 207 379 5151 Fax: +44 20 7379 6161 E-Mail: jdevas@maitland.co.uk E-Mail bcattell@maitland.co.uk