First Quantum Minerals Ltd. announces that 125,679 new common shares in the capital of First Quantum have been issued in connection with a listing of depositary receipts by First Quantum on the Lusaka Stock Exchange in Zambia.

The New Shares, together with 7,700 common shares in the capital of First Quantum purchased on the open market, will underlie the depositary receipts of First Quantum, issued and listed on the LuSE on July 20, 2011.

The New Shares will rank pari passu with First Quantum’s existing common shares. First Quantum has received conditional approval from the Toronto Stock Exchange for listing of the New Shares on the TSX and has made application to the London Stock Exchange plc for the admission of the New Shares to trading on the Official List. The New Shares will be admitted to trading on the TSX at 8:00 a.m. local time on July 20, 2011 and on the Official List at 8.00 a.m. local time on July 20, 2011.

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