First Quantum Announces Launch of Dividend Reinvestment and Share Purchase Plan

VANCOUVER, BRITISH COLUMBIA--(Marketwired - April 1, 2015) - First Quantum Minerals Ltd. ("First Quantum" or the "Company") (TSX:FM)(LSE:FQM) today announced that its Board of Directors has approved the launch of a Dividend Reinvestment and Share Purchase Plan (the "Plan") for its Canadian resident shareholders ("Eligible Shareholders"). The Plan will be available to Eligible Shareholders for the first time with payment of the previously-announced dividend on May 6, 2015 to shareholders of record on April 15, 2015.

The Plan will allow Eligible Shareholders to reinvest the cash dividends paid on all or a portion of their Common Shares into additional Common Shares, which will be issued at 97% of the Average Market Price (as defined in the Plan) and the opportunity to make optional cash purchases of additional Common Shares on a semi-annual basis, on dividend payment dates.

The discount to the Average Market Price at which dividends may be reinvested under the Plan, currently set at 3%, may be changed at the discretion of the Board of Directors. In the event of such a change, First Quantum will issue an advisory press release in advance of the applicable record date and enrollment deadline.

To participate in the Plan, registered Eligible Shareholders must deliver a properly completed enrolment form to Computershare Trust Company of Canada ("Computershare") (in its capacity as "Plan Agent" under the Plan), as directed under the Plan, by not later than 4:00 p.m. (Toronto time) on the fifth business day immediately preceding a dividend record date in order for the cash dividend to which such record date relates to be reinvested under the Plan.

Beneficial shareholders (owners of Common Shares that are held through a nominee) who wish to participate in the Plan should contact the broker, investment dealer, financial institution or other nominee who holds their Common Shares to inquire about the applicable enrolment deadline and to request enrolment in the Plan.

Eligible Shareholders can obtain an enrolment form by contacting Computershare at 1-800-564-6253 or [phone], or by visiting www.investorcentre.com/first-quantum. Shareholders are urged to carefully read the complete text of the Plan before making any decisions regarding their participation in the Plan.