NOTICE OF INTENDED DELISTING

NOTICE OF INTENDED DELISTING AND CANCELLATION OF COMMON SHARES FROM THE LONDON STOCK EXCHANGE

First Quantum Minerals Ltd. (the "Company") has requested the cancellation of admission of its shares to the standard segment of the UK Listing Authority's Official List and of trading in its shares on the London Stock Exchange's main market for listed securities. Pursuant to UK Listing Rule 5.2.8, the cancellation notice period has now commenced and cancellation is expected to take effect from 8:00 am (BST) on May 31, 2016. 

The Company will maintain its listing on the Toronto Stock Exchange ("TSX") and, on and after May 31, 2016, shareholders of the Company holding their securities with a UK broker/CREST member will continue to be able to trade the Company's common shares through the TSX.

CREST members holding the Company's CREST Depositary Interests ("CDIs") and settling trades that took place on the TSX can do so by instructing via Euroclear to deliver the underlying shares, representing the CDIs, to a member participant of the Canadian Depository for Securities ("CDS"). If you require further information regarding this process, please refer to the CREST reference manual for details, and seek assistance from Euroclear UK and Ireland if required using the following contact details: Email: [email protected] Tel: 02078490199.

Clients of CREST members wishing to hold shares in their own name on the principal Canadian register and not to continue to hold them as CDIs will need to advise the CREST member to instruct via Euroclear to deliver the shares to the CREST member's Canadian counterpart (CDS Participant) and then arrange for that counterpart to re-materialise the securities onto the principal register in Canada in Direct Registration System ("DRS") form.

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

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]