First Quantum Provides Update ON Land Slippage at Cobre Las Cruces

NEWS RELEASE

19-03

January 28, 2019

www.first-quantum.com

FIRST QUANTUM PROVIDES UPDATE ON LAND SLIPPAGE AT COBRE LAS

CRUCES

First Quantum Minerals Ltd. (“First Quantum” or the “Company”, TSX Symbol

“FM”) previously reported on January 23, 2018, that a land slippage occurred on the slope of the

northern zone of the open pit mine in the Cobre Las Cruces (“CLC”), located in the municipality

of Gerena (Seville province) Spain. The Company can now report that, subject to regulatory

approvals, a start-up of the mill is expected to commence sometime in February to process the

existing stockpiles while developing a plan to mine Phase 6 of the operation is established and

submitted for regulatory approvals. The stockpiles are lower grade and are expected to continue

to be processed until the mining of Phase 6 can commence. Phase 6 ore is not impacted by the

slippage and is accessible by the southern ramp which is not affected. The Company will provide

further updates as more information is available.

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) 361-6400 Toll Free: 1 (888) 688-6577 E-Mail: [email protected]

United Kingdom contact: Clive Newall, President

Tel: +44 7802 721663 Fax: +44 140 327 3494 E-Mail: [email protected]