First Quantum Minerals to Publish 2010 Fourth Quarter and Year Results on March 15, 2011

VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 02/24/11 -- First Quantum Minerals Ltd. ('First Quantum' or the 'Company') (TSX: FM)(LSE: FQM) will publish its 2010 fourth quarter and year results on Tuesday, March 15, 2011 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, March 16, 2011.

Conference call and webcast details are as follows:

Date:               March 16, 2011
Time:               6:00 am (PST); 9:00 am (EST); 1:00 pm (BST)
Webcast:            www.first-quantum.com
Dial in:            Canada and international: 416-340-8527
                    Toll free North America: 1-877-240-9772
                    Toll free United Kingdom: 00-800-2787-2090

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 March 23, 2011. 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 of First Quantum Minerals Ltd.

G. Clive Newall, President

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Listed in Standard and Poor's

Contacts:

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


Maitland

Brian Cattell/James Devas

44 207 379 5151

44 20 7379 6161 (FAX)
jdevas@maitland.co.uk / bcattell@maitland.co.uk