First Quantum Announces Completion of the Sale of Kevitsa

NEWS RELEASE 16-14 June 1, 2016 www.first-quantum.com

FIRST QUANTUM ANNOUNCES COMPLETION OF THE SALE OF KEVITSA

(In United States dollars, except where noted otherwise)

First Quantum Minerals Ltd. (“First Quantum” or the “Company”, TSX Symbol “FM”) today announced the completion of the sale of the Kevitsa nickel-copper-platinum group elements mine to Boliden AB.

Total proceeds from the sale, excluding working capital adjustments, amounts to $712 million in cash.

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 Relations Tel: (647) 346-3934 Fax: (604) 688-3818 Toll Free: 1 (888) 688-6577 E-Mail: [email protected]

United Kingdom contact: Clive Newall, President Tel: +44 140 327 3484 Fax: +44 140 327 3494 E-Mail: [email protected]

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