First Quantum Minerals Ltd. Announce Issuance of New First Quantum Shares

First Quantum Minerals Ltd. Announce Issuance of New First Quantum Shares

First Quantum Minerals Ltd. announced that following the successful completion of the acquisition of Kiwara PLC, an application was made on Friday January 29, 2010 to the London Stock Exchange plc for the New First Quantum Shares to be admitted to trading on the Official List. Furthermore, application has been made to the TSX for the New First Quantum Shares to be admitted to trading on the TSX. These shares will rank pari passu with First Quantum’s existing ordinary shares. 1,864,960 New First Quantum Shares will be admitted to trading on the Official List and the TSX at 8.00 a.m. local time on 1 February 2010.

Any capitalised term used but not defined in this announcement is as defined in the shareholder circular relating to the Scheme dated 18 December 2009 (the “Scheme Document”).

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