Impact and Benefits Agreement Sample Contracts

FNX and Wahnapitae First Nation Sign Historic Mutual Benefits Agreement
Impact and Benefits Agreement • July 3rd, 2008

Toronto, Ontario, July 4, 2008 - FNX Mining Company Inc. (TSX-FNX) (“FNX or the “Company”) and Wahnapitae First Nation (“WFN”) today signed an Impact and Benefits Agreement (“IBA” or “Agreement”), which describes how they will collaborate during the life of the Podolsky Mine and into the future on other mining projects at FNX’s Podolsky Property. The IBA provides social, cultural and business related benefits for each party from successful mine development and, among other aspects, describes the processes for protecting and preserving the environment.

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