First Quantum Minerals Declares an Interim Dividend of CDN $0.005 per Share

TORONTO, ONTARIO--(Marketwired - July 27, 2016) - First Quantum Minerals Ltd. ("First Quantum" or the "Company") (TSX:FM) will pay an interim dividend of CDN $0.005 per share in respect of the financial year ending December 31, 2016.

The dividend will be paid on September 19, 2016 to shareholders of record on August 26, 2016. The ex-dividend date is August 24, 2016.

The Company has established a Dividend Reinvestment and Share Purchase Plan (the "Plan") for its Canadian resident shareholders ("Eligible Shareholders").

The Plan enables Eligible Shareholders to reinvest the cash dividends paid on all or a portion of their Common Shares into additional Common Shares, which will be issued at 97% of the Average Market Price (as defined in the Plan) and provides the opportunity to make optional cash purchases of additional Common Shares on a semi-annual basis, on dividend payment dates.

To participate in the Plan, registered Eligible Shareholders must deliver a properly completed enrolment form to Computershare Trust Company of Canada ("Computershare") (in its capacity as "Plan Agent" under the Plan), as directed under the Plan, by no later than 4:00 p.m. Eastern time on the fifth business day immediately preceding a dividend record date in order for the cash dividend to which such record date relates to be reinvested under the Plan.

Additional information on the Plan is available on www.investorcentre.com/first-quantum.

The dividends paid are considered eligible dividends for Canadian tax purposes.

For further information visit our website at www.first-quantum.com.

Contact

North American contact:
Sharon Loung
Director, Investor Relations
(604) 688-3818
(647) 346-3934
Toll Free: 1 (888) 688-6577
sharon.loung@fqml.com

United Kingdom contact:
Clive Newall
President
+44 140 327 3494
+44 140 327 3484
clive.newall@fqml.com
www.first-quantum.com