Quadra FNX Files NI 43-101 Technical Reports for the Sierra Gorda & Victoria Projects

VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 06/09/11 -- Quadra FNX Mining Ltd. ('Quadra FNX' or the 'Company') (TSX: QUX) is pleased to announce that the National Instrument 43-101 (NI 43-101) compliant Technical Report dated June 8, 2011 in support of the May 16, 2011 Sierra Gorda Feasibility Study announcement, has been filed on the SEDAR website at www.sedar.com.

Also filed on SEDAR is the NI 43-101 Technical Report in support of the April 19, 2011 Inferred Mineral Resource announcement for the Victoria Project in Sudbury, Ontario.

Qualified Persons

The Sierra Gorda NI 43-101 Technical Report was prepared by Pincock, Allen & Holt ('PAH') under the direction of Leonel Lopez, C.P.G., a qualified person for the purposes of National Instrument 43-101. The Sierra Gorda resource was estimated by Mine Development Associates ('MDA') under the direction of Steven Ristorcelli, C.P.G, a qualified person for the purposes of NI 43-101.

The Victoria 43-101 Technical Report was prepared under the direction of Catharine Farrow Ph.D., P. Geo., Executive Vice President - Technical Services and Project Evaluation, and John Everest, M.Sc., P.Geo., Manager - Sudbury Exploration for Quadra FNX, the designated Qualified Persons pursuant to NI 43-101.

About Quadra FNX Mining Ltd. (TSX: QUX)

Quadra FNX Mining Ltd. is a leading mid-tier copper mining company with corporate offices in Vancouver, B.C. and Toronto, Ontario. Quadra FNX produces copper, nickel and precious metals from its operating mines: Robinson in Nevada, Carlota in Arizona, Franke in northern Chile, and Levack, which includes Morrison, Podolsky and McCreedy West in Sudbury, Ontario. The Company has two key development projects: the Sierra Gorda project, a copper-molybdenum project in Chile, and the Victoria project, a polymetallic project in Sudbury, Ontario. Quadra FNX employs approximately 1,900 people in North and South America. The Company's common shares are listed on the Toronto Stock Exchange under the ticker symbol 'QUX'. Additional information about the Quadra FNX is available at www.quadrafnx.com.

Contacts:

Media Contact:

Quadra FNX Mining Ltd.

Derek White, Executive Vice President, Corporate Development

(604) 807-7555


Investor Relations Contact:

Quadra FNX Mining Ltd.

Nawojka Wachowiak, Vice President, Investor Relations

(416) 642-9209