Proceedings

Notice from the
Office of the Secretary

Ontario

Ontario Securities
Commission


20 Queen St. W.
Box 55, Suite 1900
Toronto, ON M5H 3S8
Commission des valeurs mobilières de l'Ontario

FOR IMMEDIATE RELEASE

March 10, 2006


OSC TO HOLD HEARING IN CONNECTION WITH
FIRST QUANTUM MINERAL'S OFFER TO AQUIRE
THE OUTSTANDING SHARES OF ADASTRA MINERALS

(Section 127)

TORONTO – The Ontario Securities Commission will hold a hearing to consider the application made by First Quantum Minerals Ltd. for orders under section 127 of the Securities Act regarding the shareholder rights plan adopted by Adastra Minerals Inc.

The hearing will be held on March 17, 2006 at 10:00 a.m. on the 17th floor of the Commission's offices located at 20 Queen Street West, Toronto.

The application is available on the OSC’s website (www.osc.gov.on.ca). Further related documents will also be made available on the website when filed.

OFFICE OF THE SECRETARY
JOHN P. STEVENSON
SECRETARY

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For media inquiries:

Wendy Dey
Director, Communications
and Public Affairs
416-593-8120

 

Eric Pelletier
Manager, Media Relations
416-595-8913

For Investor Inquiries: OSC Contact Centre
416-593-8314
1-877-785-1555 (Toll Free)