VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 5, 2013) - First Quantum Minerals Ltd. ("First Quantum" or the "Company") (TSX:FM)(LSE:FQM) announced today that its Board of Directors has approved a final dividend of Cdn $0.1147 per share in respect of the financial year ended December 31, 2012.

The dividend will be paid on May 7, 2013 to shareholders of record on April 16, 2013. The ex-dividend date is April 12, 2013.

The final dividend of Cdn $0.1147, together with the interim dividend of Cdn $0.0603 is a total of Cdn $0.1750 for the 2012 financial year. This total dividend paid for the 2012 financial year is 15% of net earnings.

The dividends paid are considered eligible dividends for Canadian tax purposes.

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

FOR FURTHER INFORMATION PLEASE CONTACT:

Contact Information:

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





Media: Harmony Communications

Brian Cattell

Senior Partner

+44 20 7016 9155