First Quantum Minerals Ltd. (TSX: FM) announced that it has issued a notice of redemption for $500 million of its outstanding 7.250% Senior Notes due April 2023 (Rule 144A: ISIN US335934AK15; CUSIP 335934AK1; Reg S: ISIN USC3535CAF52; CUSIP C3535CAF5) (the “2023 Notes”) for June 7, 2022.

As specified in the notice of redemption relating to the redemption of the 2023 Notes, the outstanding 2023 Notes will be redeemed in full at a redemption price of 100.000% of the principal amount thereof, plus accrued and unpaid interest.

The information in this announcement does not constitute a notice of redemption of the 2023 Notes, or an offer (or a solicitation of an offer) to purchase or to sell any Notes or any other securities.

The Depositary Trust Company shall inform its participants in accordance with its own rules and procedures. DTCs participants may act as custodians/intermediaries for Noteholders who will distribute the notice to their clients in accordance with their own service level agreements.

For further information, the Noteholders should contact DTC or alternatively their service provider (i.e. custodian) who in turn should follow up with DTC for more information.