FQM.L Regulatory News (FQM)

15 Mar 2007 13:30

First Quantum Minerals Ld15 March 2007 NEWS RELEASE 07-04 March 15, 2007 www.first-quantum.com FIRST QUANTUM MINERALS TO MOVE TO MAIN MARKET LISTING ON THE LONDON STOCK EXCHANGE First Quantum Minerals Ltd. ("First Quantum" or the "Company", TSX Symbol "FM",LSE Symbol "FQM") today announces the Company's intention to apply for theadmission of its common shares on the Main Market of the London Stock Exchange. PROPOSED ADMISSION TO THE OFFICIAL LIST The Board of Directors is pleased to announce today that the Company intends toapply for admission of the Company's issued common share capital to the OfficialList of the United Kingdom Listing Authority (UKLA) and to trading on the MainMarket of the London Stock Exchange as a secondary listing. The Company has grown significantly in both operations and capitalization sinceits admission to AIM in 2001. As such its Directors believe that a move to thesenior market of the London Stock Exchange is now appropriate. In addition, theDirectors believe that this move will improve the liquidity in the Company'sshares. Pursuant to Rule 41 of the AIM Rules, the Company hereby gives notice of theintended cancellation of admission to trading of the Company's issued sharecapital on AIM. It is expected that the Company's common shares will be simultaneously cancelledon AIM and admitted to the Official List of the UKLA and to trading on theLondon Stock Exchange's market for listed securities by the end of April 2007,subject to the receipt of the necessary approvals from the UKLA. Citigroup is financial advisor and broker and Numis Securities is joint brokerto the Company. The shares of First Quantum will continue to trade on the Toronto StockExchange. On Behalf of the Board of Directors 12g3-2b-82-4461of First Quantum Minerals Ltd. Listed in Standard & Poor'sG. Clive Newall Sedar Profile #00006237President For further information visit our web site at www.first-quantum.com North American contact: Geoff Chater or Bill Iversen 8th Floor, 543 Granville Street, Vancouver, British Columbia, Canada V6C 1X8 Tel: (604) 688-6577 Fax: (604) 688-3818 Toll Free: 1 (888) 688-6577 E-Mail: info@fqml.com United Kingdom contact: Clive Newall, President1st Floor, Mill House Mill Bay Lane Horsham West Sussex RH12 1TQ United Kingdom Tel: +44 140 327 3484 Fax: +44 140 327 3494 E-Mail: clive.newall@fqml.com. or Carina Corbett, 4C-Burvale, Tel: + 44 20 7559 6710 The Toronto Stock Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. Certain information contained in this news release "forward-looking statements"within the meaning of the Private Securities Litigation Reform Act of 1995 andforward-looking information under applicable Canadian securities legislation.Such forward-looking statements or information, including but not limited tothose with respect to the prices of gold, copper, cobalt and sulphuric acid,estimated future production, estimated costs of future production, the Company'shedging policy and permitting time lines, involve known and unknown risks,uncertainties, and other factors which may cause the actual results, performanceor achievements of the Company to be materially different from any futureresults, performance or achievements expressed or implied by suchforward-looking statements or information. Such factors include, among others,the actual prices of copper, gold, cobalt and sulphuric acid, the factualresults of current exploration, development and mining activities, changes inproject parameters as plans continue to be evaluated, as well as those factorsdisclosed in the Company's documents filed from time to time with the Alberta,British Columbia, and Ontario Securities Commissions, the Autorite des marchesfinanciers in Quebec, the United States Securities and Exchange Commission andthe Alternative Investment Market operated by the London Stock Exchange. This information is provided by RNS The company news service from the London Stock Exchange