FQM.L Regulatory News (FQM)

16 May 2007 08:01

First Quantum Minerals Ld16 May 2007 NEWS RELEASE 07-06 May 16, 2007 www.first-quantum.com FIRST QUANTUM MINERALS 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"), an international mining company whose principal activitiesinclude mineral exploration, development and mining in Africa, producing LondonMetal Exchange grade "A" copper cathode, copper in concentrate, gold andsulphuric acid, has published its prospectus in connection with the proposedsecondary listing of its entire issued common share capital on the Official Listof the UK Listing Authority and admission to trading on the London StockExchange's market for listed securities ('Admission'). It is expected that Admission will become effective and that dealings on theLondon Stock Exchange's main market will commence at 8.00 am on Friday 18 May2007. Pursuant to Rule 41 of the AIM Rules, the Company hereby gives noticethat trading in the Company's common shares on AIM will be cancelledsimultaneously. The Company is not raising any funds or issuing any new shares in connectionwith Admission and, accordingly, the interests of existing shareholders of theCompany will not be diluted as a result of the move to the Official List. TheCompany's stock code will continue to be LSE:FQM and there will remain67,480,700 common shares in issue on Admission. Copies of the Prospectus will be available free of charge at the Company'sregistered office. This announcement does not constitute an offer or invitation to any person tosubscribe for or purchase any securities in the Company or any other entity. Citi is financial advisor and broker and Numis Securities is joint broker to theCompany. Citi and Numis Securities are acting for the Company and no one elsein connection with Admission and will not be responsible to any other person forproviding the protections afforded to customers of Citi and Numis Securities orfor providing advice in relation to Admission. The shares of First Quantum will continue to trade on the Toronto Stock Exchange. This announcement has been issued by the Company and is the sole responsibilityof the Company. The prospectus has been submitted to the UKLA's Document Viewing Facilitysituated at: UK Listing Authority, The Financial Services Authority, 25 TheNorth Colonnade, Canary Wharf, London, E14 5HS. 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, President 1st 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