CHANGES TO THE BOARD OF DIRECTORS

FIRST QUANTUM MINERALS ANNOUNCES CHANGES TO ITS BOARD OF DIRECTORS

First Quantum Minerals Ltd. ("First Quantum" or the "Company", TSX Symbol "FM", LSE Symbol "FQM") is pleased to announce the appointment of Mr. Martin Schady to its Board of Directors effective immediately.

Mr. Schady is a senior mining executive with considerable Finance and Business Development experience. He is currently a Partner in Magris Resources, a Canada-based private equity company that recently acquired the Niobec niobium mine in Quebec, Canada in partnership with CEF Holdings Ltd and Temasek. In the past 25 years of his career, which spanned the most challenging commodities market, Mr. Schady worked at some of the world's leading metals and mining companies including Noranda Inc., Falconbridge Limited, Xstrata, BHP Billiton and Barrick Gold Corporation. During this time, Martin was a key strategic player in several major acquisitions and divestitures.

Mr. Schady is a Chartered Accountant with Bachelor of Commerce and Business Science degrees from the University of Cape Town.

"We are very pleased to have Martin join our team. His wealth of experience and knowledge of the mining industry will be of great value to the Company especially as we navigate through this period of market volatility.

The Company also announces the resignation, with immediate effect, of Michael Hanley from its Board of Directors. Mr. Hanley has served as a non-executive independent director since December 10, 2012.

"Our sincere thanks to Michael who made a valuable contribution to the Company's strategy and direction during his tenure with us," commented Philip Pascall, Chairman and CEO.

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 website 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: [email protected] United Kingdom contact: Clive Newall, PresidentTel: +44 140 327 3484 Fax: +44 140 327 3494 E-Mail: [email protected]