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Inmet Recommends Shareholders Tender to First Quantum's Offer; Appoints New Board of Directors

Inmet Mining Corporation (IMN.TO, FM.TO) announced that its Board of Directors recommends that all Inmet shareholders tender their shares to the extended offer on or before the deadline of 5 p.m. (Eastern Daylight Time) on April 1, 2013 in order to facilitate prompt receipt of the offer consideration. This decision follows the announcement by First Quantum Minerals Ltd. (FM.TO) that 85.5% of the outstanding Inmet shares (on a fully diluted basis) have been tendered to and taken up under the First Quantum offer.

Inmet also announcd the resignation of the following Directors, effective immediately: David R. Beatty, Yilmaz Arguden, John Clappison, John C. Eby

Paul E. Gagne, Gerald W. Grandey, Oyvind Hushovd, Thomas A. Mara, Jochen Tilk

Douglas Whitehead.

The following nominees of First Quantum have been appointed to serve on the new Board: Philip Pascall, Chair; Martin Rowley, Clive Newall and Andrew Adams.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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