Ms. Bonita To reports

FIRST QUANTUM ANNOUNCES COMPLETION OF $1,000 MILLION SENIOR NOTES OFFERING

First Quantum Minerals Ltd. has completed its offering of $1-billion aggregate principal amount of 7.250 per cent senior notes due 2034 (in U.S. dollars, except where noted otherwise).

The notes are senior unsecured obligations of the company and are guaranteed by certain of the company's subsidiaries. Interest on the notes will accrue from the issue date and will be payable semi-annually.

The company intends to use the gross proceeds from the sale of the notes, together with cash on balance sheet, to: (i) finance the tender offer for its existing 6.875 per cent senior notes due 2027 and to redeem any senior notes due 2027 not accepted for purchase in such tender offer; (ii) finance the tender offer for a portion of its existing 9.375 per cent senior secured second lien notes due 2029; and (iii) pay related fees, costs and expenses.

We seek Safe Harbor.