First Quantum Reports Land Slippage at Cobre Las Cruces

NEWS RELEASE

19-02

January 23, 2019

www.first-quantum.com

FIRST QUANTUM REPORTS LAND SLIPPAGE AT COBRE LAS CRUCES

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

that during the early morning hours of January 23rd, a land slippage occurred on the slope of the

northern zone of the open pit mine in the Cobre Las Cruces (“CLC”) mining hydrometallurgical

complex, located in the municipality of Gerena (Seville province) Spain, without causing harm to

any persons nor any impact on any third party facilities or land.

The company has immediately activated the established safety and environmental emergency

procedures, evacuating the area and isolating the incident. Furthermore, the relevant

administrations have been informed without delay , and the company is in constant

communication with them.

At the present time, production in the hydrometallurgical plant has been temporarily suspended

while investigations are being conducted.

The company is monitoring the situation continuously and is taking all the necessary measures

to resolve the incident and will provide updates as appropriate.

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]