FNX Mining Company Inc.

FNX Mining Company Inc.

September 17, 2008 17:00 ET

FNX Announces Appointment of William Shaver to President of Its DMC Mining Services Division

TORONTO, ONTARIO--(Marketwire - Sept. 17, 2008) - FNX Mining Company Inc. (TSX:FNX) - Terry MacGibbon, Chairman and CEO of FNX, is pleased to announce the appointment of William Shaver as President, DMC Mining Services a division of FNX ("DMC"), effective as of October 14, 2008. DMC is one of North America's premier mining contractors and provides mining services throughout Canada and the United States.

Mr. Shaver graduated as a Mining Technician from the Haileybury School of Mines and has a B.Sc degree in Mining Engineering from Queen's University. He has more than 40 years experience in the mining industry with a major focus on the mining services business. A co-founder of Dynatec Corporation, Mr. Shaver played an important role in the success of the FNX-Dynatec Joint Venture in Sudbury and has been involved in the development and operation of mines for a variety of organizations including Vale Inco, Xstrata, Barrick Gold, Newmont, Goldcorp and Aur Resources. After leaving Dynatec Corporation in 2004, Mr. Shaver became President of Shaver Engineering Limited. He joined Denison Mines in 2006 and most recently held the position of Executive Vice President, Mine Development and Canadian Operations. Strongly committed to safety in the work place, Mr. Shaver is Chairman of the Mines and Aggregate Safety and Health Association of Ontario and funds a safety oriented scholarship at Laurentian University.

Mr. MacGibbon noted that "Having worked with Bill as a joint venture partner and as a service provider, I am confident that his vast mining services experience and expertise, commitment to safety and his overall knowledge of FNX, will be of great value to not only our mining services business but to the growth of FNX as well. The appointment of Bill Shaver to President of DMC will enable us to grow and expand this business in both Canada and the United States. It also enhances the capability of FNX to identify, evaluate and become joint venture partners, mine operators and equity owners in high-quality, mining development projects. I, along with the FNX Board and employees, welcome Bill to the FNX team."

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