FQM.L Regulatory News (FQM)

1.

Name of the issuer

FIRST QUANTUM MINERALS LTD.

2.

State whether the notification relates to (i) a

transaction notified in accordance with DTR 3.1.2 R, 

(ii) a disclosure made in accordance 

LR 9.8.6R(1) or

(iii) a disclosure made in accordance with section 793 of the Companies Act (2006).

2(i) and 2(ii) above

3.

Name of person discharging managerial

responsibilities/director

SEE SCHEDULE ATTACHED

4.

State whether notification relates to a person

connected with a person discharging managerial responsibilities/director named in 3 and identify the connected person

NOT APPLICABLE

5.

Indicate whether the notification is in respect of a holding of the person referred to in 3 or 4 above or in respect of a nonbeneficial

interest 1

HOLDING

6.

Description of shares (including class), debentures or derivatives or financial instruments relating to shares

COMMON SHARES OF NO PAR VALUE

7.

Name of registered shareholders(s) and, if more than one, the number of shares held by each of them

SEE SCHEDULE ATTACHED

8.

State the nature of the transaction

VESTING OF 33% OF THE RESTRICTED STOCK UNITS AWARDED IN 2006 AND 2007 PURSUANT TO THE COMPANY'S LONG TERM INCENTIVE PLAN

9.

Number of shares, debentures or financial

instruments relating to shares acquired

SEE SCHEDULE ATTACHED

10.

Percentage of issued class acquired (treasury shares of that class should not be taken into account when calculating percentage)

SEE SHEDULE ATTACHED

11.

Number of shares, debentures or financial

instruments relating to shares disposed

NOT APPLICABLE

12.

Percentage of issued class disposed (treasury shares of that class should not be taken into account when calculating percentage)

NOT APPLICABLE

13.

Price per share or value of transaction

SEE SCHEDULE ATTACHED

14.

Date and place of transaction

JULY 2009 - VANCOUVER

15.

Total holding following notification and total percentage holding following notification (any treasury shares should not be taken into account when calculating percentage)

SEE SCHEDULE ATTACHED

16.

Date issuer informed of transaction

22 JULY 2009

17.

Date of grant

18.

Period during which or date on which exercisable

19.

Total amount paid (if any) for grant of the option

20.

Description of shares or debentures involved (class and number)

21.

Exercise price (if fixed at time of grant) or

indication that price is to be fixed at the time of exercise

22.

Total number of shares or debentures over which options held following notification

23.

Any additional information

24.

Name of contact and telephone number for queries

Tiana Johnson - Assistant Corporate Secretary

00-1-604-688-6577

Name of authorised official of issuer responsible for making notification

CHRISTOPHER LEMON - General Cousel & Corporate Secretary

Date of notification ___24 July 2009______________________________________

(1)

An issuer making a notification in respect of a transaction relating to the shares or debentures of the issuer should complete boxes 1 to 16, 23 and 24.

(2)

An issuer making a notification in respect of a derivative relating the shares of the issuer should complete boxes 1 to 4, 6, 8, 13, 14, 16, 23 and 24.

(3)

An issuer making a notification in respect of options granted to a director/person discharging managerial responsibilities should complete boxes 1 to 3 and 17 to 24.

(4)

An issuer making a notification in respect of a financial instrument relating to the shares of the issuer (other than a debenture) should complete boxes 1 to 4, 6, 8, 9, 11, 13, 14, 16, 23 and 24.

Box 3

Name of Director / PDMR

Box 7

Name of Registered Shareholder

Box 9

Numberof Shares Acquired

Box 10

% of issued class

Box 15

Total Holding %

Andrew B Adams

Andrew B Adams

396

0.00051

5,046 0.00644

Peter St George

Peter St George

396

0.00051

107,046 0.13661