FNX Mining Company Inc.

FNX Mining Company Inc.

March 23, 2005 09:00 ET

FNX Mining Announces Board Changes


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: FNX MINING COMPANY INC.

TSX, AMEX SYMBOL: FNX

MARCH 23, 2005 - 09:00 ET

FNX Mining Announces Board Changes

TORONTO, ONTARIO--(CCNMatthews - March 23, 2005) - FNX Mining Company
Inc. (TSX:FNX)(AMEX:FNX) announces that effective March 1, 2005 the
Honourable Frank McKenna, P.C., Q.C., has resigned from the Company's
Board of Directors to assume the role of Canadian Ambassador to the
United States.

The Company also announces the appointment of Mr. Ronald P. Gagel, C.A.,
to the Board of Directors, effective March 16, 2005. Mr. Gagel is a
chartered accountant with more than 25 years of professional experience
predominatly in the natural resource sector. From 1988 to 2004 Mr. Gagel
was at Aur Resources Inc., initially as Director of Corporate Finance
and, from 1999 to 2004, as Vice-President and Chief Financial Officer.
Mr. Gagel will serve on the Audit Committee.

Terry MacGibbon, President and CEO of FNX Mining, stated "Frank McKenna
has made a major contribution to FNX Mining and, while we regret his
resignation, we are proud that he has assumed such a prominent role on
such an important stage. The FNX Directors and I thank him for his sage
advice and contribution to the Company's development and wish him all
the best in his return to public service".

"We also welcome the appointment of Ron Gagel to the Board of Directors.
The Company will greatly benefit from Ron's extensive experience in the
mining sector and he will add financial expertise to the Board and the
Audit Committee".

FNX Mining is a profitable nickel, copper and precious metal producer,
developer and explorer based in Canada's historic Sudbury mining camp.
Additional information about the Company is available at
www.fnxmining.com.

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Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    FNX Mining Company Inc.
    Terry MacGibbon
    President and CEO
    (416) 628-5929
    (416) 360-0550 (FAX)
    tmacgibbon@fnxmining.com
    or
    FNX Mining Company Inc.
    David Constable
    Vice President, Investor Relations and Corporate Affairs
    (416) 628-5938
    (416) 360-0550 (FAX)
    dconstable@fnxmining.com
    www.fnxmining.com