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

Corporate Actions

NEWS RELEASE

19-17

July 29, 2019

www.first-quantum.com

FIRST QUANTUM MINERALS DECLARES INTERIM DIVIDEND OF CDN$0.005 PER SHARE

TORONTO, Ontario (July 29, 2019) - First Quantum Minerals Ltd. (“First Quantum” or “the Company”) (TSX:FM) today

announced 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, 2019.

The dividend will be paid on September 19, 2019 to shareholders of record on August 28, 2019.

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 pu rchases 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 at: 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: Lisa Doddridge, Director, Investor Relations

Tel: (416) 361-3752 Toll free: 1 (888) 688-6577 E-Mail: [email protected]

United Kingdom contact: Clive Newall, President

Tel: +44 7802 721663 E-Mail: [email protected]