First Quantum Minerals Ltd.

First Quantum Minerals Ltd.

September 06, 2005 16:00 ET

First Quantum Minerals Announces the Retirement of Robert Watts from the Board of Directors

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Sept. 6, 2005) - First Quantum Minerals Ltd. (TSX:FM)(LSE:FQM) regretfully announces that Robert Watts has resigned as an Independent Director of the Company, effective August 31, 2005, to spend more time with his family during his retirement. Mr. Watts has served as a Director of the Company since September 1999.

Philip Pascall, Chairman and CEO, commented, "Bob has been a strong leader since joining the First Quantum Board, serving both as Chairman of the Audit Committee and as Lead Independent Director. We thank him for all his support and guidance, and the significant contribution he has made during his tenure as a Director. I wish him the very best in his retirement and all his future endeavors."

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

G. Clive Newall


Listed in Standard and Poor's

Sedar Profile #00006237

Certain of the information contained in this news release constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements, 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. Such factors include, among others, the actual prices of gold, copper, 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, Ontario and Quebec Securities Commission and the United States Securities and Exchange Commission and the Alternative Investment Market operated by the London Stock Exchange.

The preceding discussion and analysis and financial review should be read in conjunction with management's discussion of critical accounting policies, risk factors and comments regarding forward looking statements contained in the audited consolidated financial statements for the period ended December 31, 2004. The following discussion and analysis of the Company's results of operations should also be read in conjunction with the unaudited consolidated financial statements and related notes.

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.
    Geoff Chater
    (604) 688-6577 or Toll Free: 1-888-688-6577
    First Quantum Minerals Ltd.
    Bill Iversen
    (604) 688-6577 or Toll Free: 1-888-688-6577
    (604) 688-3818 (FAX)