First Quantum Minerals Appoints Corporate Brokers

VANCOUVER, 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, President

12g3-2b-82-4461

Listed in Standard and Poor's

For further information visit our web site at www.first-quantum.com.

FOR FURTHER INFORMATION PLEASE CONTACT:
        First Quantum Minerals Ltd. - North American Contact
        Sharon Loung
        Director, Investor Relations
        (647) 346-3934 or Toll Free: 1 (888) 688-6577
        Fax: (604) 688-3818(FAX)
        [email protected]

        First Quantum Minerals Ltd. - United Kingdom Contact
        Clive Newall
        President
        +44 140 327 3484
        Fax: +44 140 327 3494(FAX)
        [email protected]
        www.first-quantum.com

        Maitland
        Brian Cattell
        +44 207 379 5151
        [email protected]

        Maitland
        James Devas
        +44 207 379 5151
        Fax: +44 20 7379 6161(FAX)
        [email protected]

Source: First Quantum Minerals Ltd.