Dividend Declaration

FIRST QUANTUM MINERALS TO PAY FINAL DIVIDEND OF CDN $0.0487 PER SHARE AND

ANNOUNCES INTENTION TO ESTABLISH A DIVIDEND REINVESTMENT PLAN

First Quantum Minerals Ltd. ("First Quantum" or the "Company", TSX Symbol "FM", LSE Symbol "FQM") announced today that its Board of Directors has approved a final dividend of Cdn $0.0487 per share in respect of the financial year ended December 31, 2014.

The dividend will be paid on May 6, 2015 to shareholders of record on April 15, 2015. The ex-dividend date is April 13, 2015. 

The final dividend of Cdn $0.0487, together with the interim dividend of Cdn $0.0504 is a total of Cdn $0.0991 for the 2014 financial year. The total dividend paid is 10% of comparative earnings.

The Company is intending to establish a Dividend Reinvestment Plan (the "Plan"). The Plan will allow eligible shareholders a convenient means to acquire additional common shares through the reinvestment of cash dividends paid by the Company. Further details will be provided when the Plan is established.

The dividends paid are considered eligible dividends for Canadian tax purposes.

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]