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New Independent Director

18th Oct 2007 18:00

First Quantum Minerals Ld18 October 2007 NEWS RELEASE 07-10 October 18, 2007 www.first-quantum.com MICHAEL MARTINEAU APPOINTED INDEPENDENT DIRECTOR OF FIRST QUANTUM MINERALS First Quantum Minerals Ltd. ("First Quantum" or the "Company", TSX Symbol "FM",LSE Symbol "FQM") is pleased to announce the appointment of Michael Martineau tothe Board of Directors. Mr. Martineau will serve as a non-executive independentdirector effective October 1, 2007. Mr. Martineau graduated from the University of Oxford in England with a MA andd.Phil in geology. He has worked worldwide in mineral exploration and minedevelopment since 1970, specializing in Africa since 1986. After seven years inNorth America with Kennecott Copper Corporation he moved to the United Kingdombecoming General Manager Global Exploration for BP Minerals. After a period asDirector Minerals for Seltrust Mining (Australia) and CEO of Cluff MineralsExploration in 1989, he founded and acted as CEO for Canadian listed SAMAX GoldInc, Carpathian Gold and latterly AXMIN Inc. Currently he serves as anon-executive director of several UK and Canadian natural resources companies. "We welcome Michael to the Board of Directors. Michael's wide-ranging industryexperience, in particular in the field of exploration and project evaluation,will prove valuable as First Quantum continues its rapid growth." commentedPhilip Pascall, Chairman and CEO. On Behalf of the Board of Directors 12g3-2b-82-4461of First Quantum Minerals Ltd. Listed in Standard & Poor'sG. Clive Newall Sedar Profile #00006237President For further information visit our web site at www.first-quantum.com North American contact: Geoff Chater 8th Floor, 543 Granville Street, Vancouver, British Columbia, Canada V6C 1X8 Tel: (604) 688-6577 Fax: (604) 688-3818 Toll Free: 1 (888) 688-6577 E-Mail: [email protected] United Kingdom contact: Clive Newall, President1st Floor, Mill House Mill Bay Lane Horsham West Sussex RH12 1TQ United Kingdom Tel: +44 140 327 3484 Fax: +44 140 327 3494 E-Mail: [email protected]. Or Harriet Pask or Sarah MacLeod Hogarth Partnership Ltd. Tel: +44 (0) 20 7357 9477 The Toronto Stock Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. Certain information contained in this news release "forward-looking statements"within the meaning of the Private Securities Litigation Reform Act of 1995 andforward-looking information under applicable Canadian securities legislation.Such forward-looking statements or information, including but not limited tothose with respect to the prices of gold, copper, cobalt and sulphuric acid,estimated future production, estimated costs of future production, the Company'shedging policy and permitting time lines, involve known and unknown risks,uncertainties, and other factors which may cause the actual results, performanceor achievements of the Company to be materially different from any futureresults, performance or achievements expressed or implied by suchforward-looking statements or information. Such factors include, among others,the actual prices of copper, gold, cobalt and sulphuric acid, the factualresults of current exploration, development and mining activities, changes inproject parameters as plans continue to be evaluated, as well as those factorsdisclosed in the Company's documents filed from time to time with the Alberta,British Columbia, and Ontario Securities Commissions, the Autorite des marchesfinanciers in Quebec, the United States Securities and Exchange Commission andthe London Stock Exchange. ENDS This information is provided by RNS The company news service from the London Stock Exchange

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