FQM.L Regulatory News (FQM)

FIRST QUANTUM MINERALS REPORTS STRIKE ACTION AT ITS ÇAYELI MINE

First Quantum Minerals Ltd. ("First Quantum" or the "Company", TSX Symbol "FM", LSE Symbol "FQM") today reported that collective bargaining between the Company's wholly-owned subsidiary Çayeli Bakir Isletmeleri A.S. and its mining workers' union has failed to reach an agreement. As a result, the union started strike action at the Çayeli copper-zinc mine on October 30, 2015. Activity at the mine site will be limited to the areas of environment and safety, mine dewatering, and underground rehabilitation.

The Company remains open to reaching an agreement with the union within the parameters of the Company's cost constraints and considering the prevailing base metals market.

On Behalf of the Board of Directors 12g3-2b-82-4461

of First Quantum Minerals Ltd. Listed in Standard and Poor's

G. Clive Newall

President

For further information visit our website at www.first-quantum.com

North American contact: Sharon Loung, Director, Investor RelationsTel: (647) 346-3934 Fax: (604) 688-3818 Toll Free: 1 (888) 688-6577 E-Mail: sharon.loung@fqml.com United Kingdom contact: Clive Newall, PresidentTel: +44 140 327 3484 Fax: +44 140 327 3494 E-Mail: clive.newall@fqml.com