Resumption of Operations at Guelb Moghrein Mine

FIRST QUANTUM MINERALS ANNOUNCES RESUMPTION OF OPERATIONS

AT ITS GUELB MOGHREIN MINE

First Quantum Minerals Ltd. ("First Quantum" or the "Company", TSX Symbol "FM", LSE Symbol "FQM") today announced that the workforce at its Guelb Moghrein copper-gold mine in Mauritania has returned to work and operations have resumed following strike action by some unionized employees.

The impact of the strike action on the mine's full year 2014 production is estimated at a loss of 2,800 tonnes of copper and 3,500 ounces of gold.

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]