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Gold/Mining/Energy : first quantum minerals FM on TSE
FM 27.190.0%Jan 8 3:00 PM EDT

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To: Stephen O who wrote (331)5/16/2001 8:22:16 PM
From: Stephen O  Read Replies (1) of 385
 
First Quantum Minerals Ltd. (TSE Symbol "FM", LSE Symbol "FQM") is pleased
to announce that Mr. Rupert Pennant-Rea has been appointed to the Company's
Board of Directors effective May 16, 2001.

"We are pleased that Rupert has agreed to serve as an Independent Director
of First Quantum. Rupert's experience in the business arena will
strengthen the Board of Directors. Together with the management team and
employees at First Quantum, the Board of Directors looks forward to
implementing our growth strategy aimed at establishing First Quantum as an
multinational integrated copper producer" commented Philip Pascall,
Chairman and Chief Executive Officer.

Rupert Pennant-Rea (53) has had a varied career as economist, journalist,
central banker and businessman. He was born and brought up in Zimbabwe,
and has degrees in economics from Trinity College, Dublin and the
University of Manchester. He has been Editor of The Economist and Deputy
Governor of the Bank of England.

He is now Chairman of The Stationery Office, which was formed in 1996 from
the privatization of Her Majesty's Stationery Office. He is also Chairman
of Plantation & General Investments plc, Security Printing & Systems
Limited, and Key Asset Management (UK) Limited. He is a Non-Executive
Director of British American Tobacco, Sherritt International (a Canadian
multinational), and Gordon House Asset Management.

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" Sedar Profile #00006237
G. Clive Newall
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