First Quantum Minerals Declares a Final Dividend of CDN $0.005 PER Share

NEWS RELEASE

17-04

February 16, 2017

www.first-quantum.com

FIRST QUANTUM MINERALS DECLARES A FINAL DIVIDEND OF

CDN $0.005 PER SHARE

First Quantum Minerals Ltd. (“First Quantum” or the “Company”, TSX Symbol “FM”) announced today

that its Board of Directors has approved a final dividend of CDN$0.005 per share in respect of the financial year

ended December 31, 2016.

The dividend will be paid on May 8, 2017 to shareholders of record on April 17, 2017. The ex-dividend date is

April 12, 2017.

This, together with the interim dividend of CDN$0.005, makes a total of CDN$0.01 for the 2016 financial year.

The Company has established a Dividend Reinvestment and Share Purchase Plan (the “Plan”) for its Canadian

resident shareholders (“Eligible Shareholders”).

The Plan enables 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 provides the opportunity to make optional cash purchases of additional Common Shares on a

semi-annual basis, on dividend payment dates.

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 no later than 4:00 p.m. Eastern 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.

Additional information on the Plan is available on www.investorcentre.com/first-quantum

The dividends paid are considered eligible dividends for Canadian tax purposes.

On Behalf of the Board of Directors of First Quantum Minerals Ltd.

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]