First Quantum Minerals Ltd. announced that its wholly-owned subsidiary, Inmet Mining Corporation, has commenced an offer to purchase Inmet Mining Corporation's 8.75% Senior Notes due 2020 (Regulation S Notes: CUSIP C4694Q AA0, ISIN USC4694QAA07, Rule 144A Notes: CUSIP 457983 AC8, ISIN US457983AC82) and 7.50% Senior Notes due 2021 (Regulation S Notes: CUSIP C4694Q AB8, ISIN USC4694QAB89, Rule 144A Notes: CUSIP 457983 AE4, ISIN US457983AE49) upon the terms and conditions set forth in the Change of Control Offer dated April 19, 2013, at a price in cash equal to 101% of the aggregate principal amount of the Notes, plus accrued and unpaid interest up to, but not including, the date of purchase. The current trading prices are approximately $109.5 for the 8.75% Senior Notes due 2020 and approximately $106.313 for the 7.50% Senior Notes maturing 2021. The Change of Control Offer is being made pursuant to the Change of Control provisions of the indentures dated May 18, 2012 and December 18, 2012, respectively, each as amended or supplemented pursuant to which the Notes were issued. The Change of Control Offer is being made in connection with the acquisition of Inmet Mining Corporation by a wholly owned subsidiary of First Quantum, FQM (Akubra) Inc., which occurred on March 21, 2013 and constituted a Change of Control as defined in the Indentures. In connection with the Acquisition, FQM (Akubra) Inc. will amalgamate with Inmet Mining Corporation on or around April 22, 2013. The amalgamated company will succeed to all of the obligations of Inmet Mining Corporation, including obligations under the Indentures and the Notes. The Change of Control Offer will expire at 5.00 p.m., Eastern Daylight Time, on May 20, 2013, unless extended. The depositary for this Change of Control Offer is Citibank, N.A.

Inmet Mining Corporation(TSX:IMN) dropped from S&P/TSX Capped Composite Index

Inmet Mining Corporation(TSX:IMN) dropped from S&P/TSX Capped Diversified Metals & Mining Index