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Press release from Marketwire

First Quantum Minerals Appoints Corporate Brokers

Monday, October 24, 2011

First Quantum Minerals Appoints Corporate Brokers12:30 EDT Monday, October 24, 2011VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 24, 2011) -First Quantum Minerals Ltd. ("First Quantum" or the "Company") (TSX:FM)(LSE:FQM) is pleased to announce that, following a review of existing relationships, it has appointed Jefferies International and RBC Capital Markets as joint corporate brokers to the Company. On Behalf of the Board of Directors of First Quantum Minerals Ltd.G. Clive Newall, President12g3-2b-82-4461Listed in Standard and Poor'sFor further information visit our web site at www.first-quantum.com.FOR FURTHER INFORMATION PLEASE CONTACT: Sharon LoungFirst Quantum Minerals Ltd. - North American ContactDirector, Investor Relations(647) 346-3934 or Toll Free: 1 (888) 688-6577(604) 688-3818 (FAX)sharon.loung@fqml.comORClive NewallFirst Quantum Minerals Ltd. - United Kingdom ContactPresident+44 140 327 3484+44 140 327 3494 (FAX)clive.newall@fqml.comwww.first-quantum.comORBrian CattellMaitland+44 207 379 5151bcattell@maitland.co.ukORJames DevasMaitland+44 207 379 5151+44 20 7379 6161 (FAX)jdevas@maitland.co.uk