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Kiwara acquired by First Quantum Minerals

Client

Kiwara PLC

Date

January 29, 2010

On January 29, 2010, First Quantum Minerals Ltd. (TSX:FM)(LSE:FQM) and Kiwara PLC (AIM:KIW)(JSE:KWR) announced that First Quantum had acquired the entire issued share capital of Kiwara pursuant to a scheme of arrangement.

An application has been made to the London Stock Exchange plc for the new First Quantum shares to be admitted to trading on the Official List. Application has also been made to the TSX for the new First Quantum shares to be admitted to trading on the TSX.

Kiwara was advised in this transaction by Fasken Martineau with a team that included Nigel Gordon, Paul Yerbury, Michael Kashis and Rakesh Jhally.

© Fasken Martineau DuMoulin S.E.N.C.R.L., s.r.l.