First Quantum Minerals to Publish Third Quarter 2010 Results on November 09, 2010

NEWS RELEASE 10-38 November 04, 2010 www.first-quantum.com

FIRST QUANTUM MINERALS TO PUBLISH THIRD QUARTER 2010 RESULTS ON NOVEMBER 09, 2010

First Quantum Minerals Ltd. (“First Quantum” or the “Company”, TSX Symbol “FM”, LSE Symbol “FQM”) will publish its 2010 third quarter results on Tuesday, November 09, 2010 after the close of the TSX. The Company’s President, Clive Newall, will host a conference call and webcast to discuss the results on Wednesday, November 10, 2010.

Conference call and webcast details are as follows:

Date: November 10, 2010 Time: 6:00 am (PST); 9:00 am (EST); 2:00 pm (BST)

Webcast: www.first-quantum.com Dial in : Canada and international: 416-340-2218 Toll free North America: 1-866-226-1793 Toll free United Kingdom: 00-800-9559-6849 Toll free Australia: 0011-800-9559-6849 Replay: Canada and international: 416-695-5800 Toll free North America: 1-800-408-3053 Replay Passcode: 3416560

The conference call replay will be available until 11:59 pm (PST) on November 17, 2010. An archived transcript of the call will also be available on First Quantum’s website (www.first-quantum.com).

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 web site 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 contacts: Clive Newall, President Tel: +44 140 327 3484 Fax: +44 140 327 3494 E-Mail: [email protected] or Brian Cattell/James Devas, Maitland Tel: +44 207 379 5151 Fax: +44 20 7379 6161 E-Mail: [email protected] E-Mail [email protected]