Restart of Construction Activity at Cobre Panama

FIRST QUANTUM MINERALS REPORTS RESUMPTION OF CONSTRUCTION ACTIVITYAT COBRE PANAMA PROJECT

First Quantum Minerals Ltd. ("First Quantum" or "the Company", TSX Symbol "FM", LSE Symbol "FQM") today reported that construction activity at its Cobre Panama copper project has resumed.

Following discussions with union officials, the site was re-opened on Saturday July 5, 2014 and site activities are ramping up under the new roster of 21 days of work with seven days off.

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]