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FM.TO ·

First Quantum Minerals Declares an Interim Dividend of CDN$0.005 PER Share

Corporate Actions

NEWS RELEASE

17-18

July 27, 2017

www.first-quantum.com

FIRST QUANTUM MINERALS DECLARES AN INTERIM 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 an interim dividend of CDN $0.005 per share in respect of the financial year

ending December 31, 2017.

The dividend will be paid on September 19, 201 7 to shareholders of record on August 28, 2017. The ex- dividend date is

August 24, 2017.

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]