First Quantum Minerals Reports Industrial Action at the Cobre Panama Project

NEWS RELEASE

18-08

March 14, 2018

www.first-quantum.com

FIRST QUANTUM MINERALS REPORTS INDUSTRIAL ACTION AT THE

COBRE PANAMA PROJECT

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

the Cobre Panama project is currently experiencing industrial acti on which has reduced the level of work being

performed on the project.

This action was started by a small number of personnel and their outside union leadership on March 9, 2018. The

dominant union, which represents the majority of workers , is not involved in the action. Currently, development

activity is continuing in two of the four main construction areas.

The project’s security team is working with the authorities to ensure the safety of its employees and assets.

Cobre Panama has received significant support from the government including visits from senior Ministers to assist

in reaching a resolution. These efforts are continuing.

Further updates will be provided as warranted.

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]