First Quantum Minerals Ltd.
LSE : FQM
TSX : FM

First Quantum Minerals Ltd.

October 18, 2007 13:00 ET

Michael Martineau Appointed Independent Director of First Quantum Minerals

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 18, 2007) - First Quantum Minerals Ltd. ("First Quantum" or the "Company") (TSX:FM)(LSE:FQM) is pleased to announce the appointment of Michael Martineau to the Board of Directors. Mr. Martineau will serve as a non-executive independent director effective October 1, 2007.

Mr. Martineau graduated from the University of Oxford in England with a MA and d.Phil in geology. He has worked worldwide in mineral exploration and mine development since 1970, specializing in Africa since 1986. After seven years in North America with Kennecott Copper Corporation he moved to the United Kingdom becoming General Manager Global Exploration for BP Minerals. After a period as Director Minerals for Seltrust Mining (Australia) and CEO of Cluff Minerals Exploration in 1989, he founded and acted as CEO for Canadian listed SAMAX Gold Inc, Carpathian Gold and latterly AXMIN Inc. Currently he serves as a non-executive director of several UK and Canadian natural resources companies.

"We welcome Michael to the Board of Directors. Michael's wide-ranging industry experience, in particular in the field of exploration and project evaluation, will prove valuable as First Quantum continues its rapid growth," commented Philip Pascall, Chairman and CEO.

On Behalf of the Board of Directors of First Quantum Minerals Ltd.

G. Clive Newall, President

12g3-2b-82-4461

Listed in Standard & Poor's

Sedar Profile #00006237

Certain information contained in this news release "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 and forward-looking information under applicable Canadian securities legislation. Such forward-looking statements or information, including but not limited to those with respect to the prices of gold, copper, cobalt and sulphuric acid, estimated future production, estimated costs of future production, the Company's hedging policy and permitting time lines, involve known and unknown risks, uncertainties, and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements or information. Such factors include, among others, the actual prices of copper, gold, cobalt and sulphuric acid, the factual results of current exploration, development and mining activities, changes in project parameters as plans continue to be evaluated, as well as those factors disclosed in the Company's documents filed from time to time with the Alberta, British Columbia, and Ontario Securities Commissions, the Autorite des marches financiers in Quebec, the United States Securities and Exchange Commission and the London Stock Exchange.

The Toronto Stock Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • First Quantum Minerals Ltd. - North American
    Geoff Chater
    (604) 688-6577 or Toll Free: 1-888-688-6577
    (604) 688-3818 (FAX)
    Email: info@fqml.com
    or
    First Quantum Minerals Ltd. - United Kingdom
    Clive Newall
    President
    +44 140 327 3484
    +44 140 327 3494 (FAX)
    Email: clive.newall@fqml.com.
    Website: www.first-quantum.com
    or
    Hogarth Partnership Ltd.
    Harriet Pask or Sarah MacLeod
    +44 (0) 20 7357 9477