First Quantum Minerals Declares an Interim Dividend of CDN $0.0603 per Share


VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 1, 2012) - First Quantum Minerals Ltd. ("First Quantum" or the "Company") (TSX:FM)(LSE:FQM) announced today that its Board of Directors has approved an interim dividend of Cdn $0.0603 per share in respect to the financial year ending December 31, 2012.

The dividend will be paid on September 20, 2012 to shareholders of record on August 29, 2012. The ex-dividend date is August 27, 2012.

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

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Listed in Standard and Poor's

Contact Information:

First Quantum Minerals Ltd. - North American Contact
Sharon Loung
Director, Investor Relations
(647) 346-3934 or Toll Free: 1 (888) 688-6577
(604) 688-3818 (FAX)
sharon.loung@fqml.com

First Quantum Minerals Ltd. - United Kingdom Contact
Clive Newall
President
+44 140 327 3484
+44 140 327 3494 (FAX)
clive.newall@fqml.com
www.first-quantum.com