First Quantum Minerals to Publish 2010 Fourth Quarter and Year Results

NEWS RELEASE 11-03 February 24, 2011 www.first-quantum.com

FIRST QUANTUM MINERALS TO PUBLISH 2010 FOURTH QUARTER AND YEAR RESULTS ON MARCH 15, 2011

First Quantum Minerals Ltd. (“First Quantum” or the “Company”, TSX Symbol “FM”, LSE Symbol “FQM”) will publish its 2010 fourth quarter and year results on Tuesday, March 15, 2011 after the close of the TSX. The Company’s President, Clive Newall, will host a conference call and webcast to discuss the results on Wednesday, March 16, 2011.

Conference call and webcast details are as follows:

Date: March 16, 2011 Time: 6:00 am (PST); 9:00 am (EST); 1:00 pm (BST)

Webcast: www.first-quantum.com Dial in : Canada and international: 416-340-8527 Toll free North America: 1-877-240-9772 Toll free United Kingdom: 00-800-2787-2090

Replay: Canada and international: 416-695-5800 Toll free North America: 1-800-408-3053 Replay Passcode: 3416560

The conference call replay will be available until 11:59 pm (PST) on March 23, 2011. An archived transcript of the call will also be available on First Quantum’s website (www.first-quantum.com).

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 web site at www.first-quantum.com

North American contact: Sharon Loung, Director, Investor Relations Tel: (647) 346-3934 Fax: (604) 688-3818 Toll Free: 1 (888) 688-6577 E-Mail: [email protected]

United Kingdom contacts: Clive Newall, President Tel: +44 140 327 3484 Fax: +44 140 327 3494 E-Mail: [email protected] or Brian Cattell/James Devas, Maitland Tel: +44 207 379 5151 Fax: +44 20 7379 6161 E-Mail: [email protected] E-Mail [email protected]