First Quantum Minerals Ltd. announced that, following completion of the issuance of its $1,300 million aggregate principal amount of 8.625% Senior Notes due 2031, the financing condition with respect to the company's proposed partial redemption of its outstanding 7.500% Senior Notes due 2025 (the 2025 Notes) has been satisfied and the company will redeem $300 million of the 2025 Notes on May 31, 2023. The information in this announcement does not constitute an offer of securities for sale in the United States (U.S.) or any other jurisdiction. Securities may not be offered or sold in the U.S. unless they are registered or are exempt from the registration of the U.S. Securities Act of 1933, as amended (the U.S. Securities Act).

The securities referred to herein will not be registered under the U.S. Securities Act, or the securities laws of any state of the U.S. or other jurisdictions and may not be offered or sold within the U.S. or to, or for the account or benefit of, U.S. Persons (as defined in Regulation S of the U.S. Securities Act), except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the U.S. Securities Act and the applicable laws of other jurisdictions.