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First Quantum Minerals Announces 2021 Preliminary Production, 2022-2024 Guidance, Climate Change Targets and Financial Policy

First Quantum Minerals Ltd. ("First Quantum" or the "Company") (TSX: FM) today announced preliminary production for the three months ("Q4") and year ended December 31, 2021, and guidance for production, capital expenditures and costs for the years 2022 to 2024. In addition, the Company has released its targets for reductions in greenhouse gas emissions ("GHG") and a financial policy that includes a new performance-based dividend payout policy. The Company has released an updated National Instrument 43-101 Standards of Disclosure for Mineral Projects ("NI 43-101") resource for the Las Cruces Underground Project.

"First Quantum continues to be focussed on delivering disciplined and responsible growth, which is reflected in the strong increase in our copper and nickel production through the guidance period," commented Philip Pascall, Chairman and CEO. "We remain committed to reducing our debt levels, whilst at the same time cautiously increasing capital returns to reflect the robust financial outlook. At First Quantum, we are committed to extracting resources responsibly and the importance that we place on sustainability is an intrinsic part of everything we do. We are pleased to have identified tangible solutions to significantly reduce our greenhouse gas emissions and to contribute to the global energy transition by delivering the critical metals required."

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First Quantum to Host Virtual Capital Markets Event on January 18, 2022

First Quantum Minerals Ltd. ("FQM" or the "Company") (TSX: FM) announces that it will be hosting a virtual Capital Markets Day on January 18, 2022.

This virtual event will feature presentations by Chief Operating Officer, Tristan Pascall, and members of senior management outlining the company's strategy, three-year guidance, organic growth profile, ESG initiatives and capital allocation approach.

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First Quantum Announces Partial Redemption of 2023 Notes

(In United States dollars, except where noted otherwise)

First Quantum Minerals Ltd. ("FQM" or the "Company") (TSX:FM) today announced that it has issued a notice of partial redemption for $600 million of its outstanding 7.250% Senior Notes due April, 2023 (Rule 144A: ISIN US335934AK15; CUSIP 335934AK1; Reg S: ISIN USC3535CAF52; CUSIP C3535CAF5) (the "2023 Notes") for December 7, 2021 (the "Redemption Date").

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