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 DR 3.1.4R(1)(a); or

(ii) DR 3.1.4(R)(1)(b) a disclosure made in accordance with section 324 (as extended by section 328) of the Companies Act 1985; or

(iii) both (i) and (ii)

2(i)

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 non-beneficial interest1

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 shareholder(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

FOR CHRISTOPHER LEMON: VESTING OF 33% OF THE RESTRICTED STOCK UNITS AWARDED IN 2007 PURSUANT TO THE COMPANY'S LONG TERM INCENTIVE PLAN 

FOR MARTIN ROWLEY AND CLIVE NEWALL: SALE OF COMMON SHARES ON THE OPEN MARKET

FOR ANDREW ADAMS: EXERCISE OF STOCK OPTIONS AND SALE OF UNDERLYING COMMON SHARES ON THE OPEN MARKET

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 SCHEDULE ATTACHED

11.

Number of shares, debentures or financial instruments relating to shares disposed

SEE SCHEDULE ATTACHED

12.

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

SEE SCHEDULE ATTACHED

13.

Price per share or value of transaction

SEE SCHEDULE ATTACHED

14.

Date and place of transaction

 SEPTEMBER 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

SEPTEMBER 2009

17.

Date of grant

18.

Period during which or date on which it can be exercised

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 604-688-6577

Name and signature of duly authorized officer of issuer responsible for making notification

_________________________________________________ Christopher Lemon, General Counsel & Corporate Secretary

Date of notification  11 SEPTEMBER 2009_______________________________