Admission of New Common Shares to Trading

Admission of New Common Shares to trading on the London Stock Exchange

First Quantum Minerals Ltd. ("First Quantum" or the "Company", TSX Symbol "FM", LSE Symbol "FQM") and Lumina Copper Corp. ("Lumina") today completed the previously announced plan of arrangement (the "Arrangement") under the Business Corporations Act (British Columbia) whereby First Quantum acquired all of the issued and outstanding securities of Lumina.

Pursuant to the terms of the Arrangement, First Quantum is pleased to announce that 9,669,153 new common shares of no par value (the "New Common Shares") are to be admitted to the standard segment of the Official List of the Financial Conduct Authority and to trading on the London Stock Exchange's main market for listed securities under the ticker "FQM" at 8 a.m. on 20 August 2014 (together, "Admission"). Furthermore, the New Common Shares issued pursuant to the Arrangement have been conditionally approved for listing on the Toronto Stock Exchange, subject to receipt by the Toronto Stock Exchange of certain standard documentation required by it in connection with the completion of the Arrangement..

Total voting rights

In accordance with the FCA's Disclosure and Transparency Rules, the Company makes the following disclosures with respect to the share capital and voting rights of the Company:

· Immediately following Admission, it will have 600,505,712 common shares of no par value (the "Common Shares") admitted to trading. Each Common Share carries the right to one vote in relation to all circumstances at general meetings of the Company;

· it does not hold any Common Shares in treasury; and

· accordingly, immediately following Admission the total number of voting rights in the Company will be 600,505,712 , which may be used by shareholders and others with notification obligations as the denominator for the calculations by which they will determine whether they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure and Transparency Rules.

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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

Enquiries and Further Information

North American contact: Sharon Loung, Director, Investor Relations Tel: (647) 346-3934 Fax: (604) 688-3818 Toll Free: 1 (888) 688-6577 E-Mail: [email protected] United Kingdom contact: Clive Newall, PresidentTel: +44 140 327 3484 Fax: +44 140 327 3494 E-Mail: [email protected]

Cautionary statement on forward-looking information

Certain information contained in this news release constitutes "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 and forward-looking information under applicable Canadian securities legislation. Such forward-looking statements or information involve known and unknown risks, uncertainties, and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements or information. Such factors may include, among others, those factors disclosed in the Company's documents filed from time to time with the Alberta, British Columbia, Saskatchewan, Manitoba, New Brunswick, Nova Scotia, Prince Edward Island, Newfoundland and Ontario Securities Commissions, the Autorité des marchés financiers in Quebec, the United States Securities and Exchange Commission and the London Stock Exchange.