Notice of Results

FIRST QUANTUM MINERALS TO PUBLISH 2011 FOURTH QUARTER AND YEAR RESULTS

ON MARCH 6, 2012

First Quantum Minerals Ltd. ("First Quantum" or the "Company" or "FQM", TSX Symbol "FM", LSE Symbol "FQM") will publish its 2011 fourth quarter and year results on Tuesday, March 6, 2012 after the close of the TSX. The Company's President, Clive Newall, will host a conference call and webcast to discuss the results on Wednesday, March 7, 2012.

Conference call and webcast details are as follows:

Date: March 7, 2012

Time: 6:00 am (PST); 9:00 am (EST); 2:00 pm (BST)

Webcast: www.first-quantum.com

Dial in : Canada and international: 416-340-8530

Toll free North America: 877-440-9795

Toll free United Kingdom: 00-800-2787-2090

Replay: Canada and international: 905-694-9451

Toll free North America: 800-408-3053

Replay Passcode: 1721655

The conference call replay will be available until 11:59 pm (PST) on March 14, 2012.

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 web site 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 contacts: Clive Newall, PresidentTel: +44 140 327 3484 Fax: +44 140 327 3494 E-Mail: [email protected]or

Brian Cattell/James Devas, Maitland

Tel: +44 207 379 5151 Fax: +44 20 7379 6161 E-Mail: [email protected] E-Mail [email protected]