Mots clés associés : Canada | K Street |

Re: News Release - Tuesday, May 11, 2010
Title: Quadra Announces Modifications to Proposed Rights Plan

Vancouver, Canada - May 11th, 2010 Quadra Mining Ltd. (the "Company" or "Quadra") (TSX: QUA) announces that it has made slight amendments to its Shareholder Rights Plan in order to secure support of RiskMetrics. RiskMetrics, a self-regulatory organization that provides advice regarding voting on various public company initiatives, had published a report to its subscribers advising that the Shareholder Rights Plan, as previously submitted by Quadra for shareholder approval, be rejected due to a number of technicalities.

Quadra studied the RiskMetrics recommendations and determined that the changes necessary to comply were acceptable without affecting the substance of the Plan as proposed.

As a result of Quadra agreeing to make the complying changes, RiskMetrics has changed its recommendation to its subscribers to vote "FOR" the approval of the revised Shareholder Rights Plan.

A copy of the changes to the Shareholder Rights Plan is available on the Company's website http://www.quadramining.com/s/PublicFilings.asp or directly from the Company.

The Annual and Special Meeting of the shareholders of Quadra Mining Ltd. is to be held on Wednesday, May 19th, 2010 at 10:00 am (ET) at The Fairmont Royal York, 100 Front Street West, Toronto, Ontario in the British Columbia Room.

In order for their votes to be counted at the meeting, shareholders must vote their proxy by no later than May 17th,
2010 at 10 a.m. (EDT). Shareholders who require assistance in voting their proxy may direct their inquiry to FNX's proxy solicitation agent, Kingsdale Shareholder Services: Telephone: 1-866-581-0506 or Email: contactus@kingsdaleshareholder.com.

Media & Investor Contacts:

Derek White
(604) 689-8550, Ext. 307
dw@quadramining.com

Sophie Taylor
(604) 689 8550, Ext 310
sophietaylor@quadramining.com

QuadraFNX Mining

	PRODUCTEUR
	CODE : QUX.TO
	ISIN : CA74733X1069

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QuadraFNX est une société de production minière de nickel et d'or basée au Canada.

QuadraFNX est productrice de nickel, d'or, d'argent, de cuivre, de palladium et de platine au Canada et au Chili, et détient divers projets d'exploration au Canada et en Guinee.

Ses principaux projets en production sont MCCREEDY WEST MINE, ROBINSON MINE, LEVACK MINE, PODOLSKY, VICTORIA - INCO, CARLOTA MINE, VICTORIA, LEVACK, FALCONBRIDGE MINE, MORRISON DEPOSIT (LFD) LEVACK FOOTWALL et KIRKWOOD au Canada et FRANKE MINE au Chili et ses principaux projets en exploration sont TYRANITE, NORMAN, FAWCETT TWP et FOOTWALL au Canada.

QuadraFNX est cotée au Canada et en Allemagne. Sa capitalisation boursière aujourd'hui est 2,9 milliards CA$ (2,2 milliards €).

La valeur de son action a atteint son plus bas niveau récent le 05 décembre 2008 à 1,97 CA$, et son plus haut niveau récent le 07 mars 2012 à 14,99 CA$.

QuadraFNX possède 191 502 000 actions en circulation.

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