Ms. Bonita To reports

FIRST QUANTUM MINERALS ANNOUNCES $1,350 MILLION SENIOR NOTES OFFERING

First Quantum Minerals Ltd. has launched an offering of $1.35-million aggregate principal amount of senior notes (in U.S. dollars, except where noted otherwise).

The notes will be senior unsecured obligations of the company and will be 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 interest rate and offering price of the notes, along with certain other terms, will be determined at the time of pricing of the offering, subject to market conditions.

The company intends to apply the gross proceeds from the sale of the notes, together with cash on its balance sheet, to finance the full redemption of its existing 9.375 per cent senior secured second-lien notes due 2029 and to pay transaction fees, costs and expenses.

We seek Safe Harbor.