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Freeport-McMoRan Appoints Two New Directors

Freeport-McMoRan Inc. (NYSE: FCX) announced today that it has entered
into an agreement with Carl C. Icahn and his affiliates. In connection
with this agreement, Andrew Langham and Courtney Mather have been
appointed to FCX’s Board of Directors. With these additions, the FCX
Board is comprised of eleven directors, nine independent directors and
two executive directors.

Andrew Langham has been General Counsel of Icahn Enterprises L.P. since
January 2015 and was previously Assistant General Counsel since 2005.
Courtney Mather has served as a Managing Director of Icahn Capital LP
since April 2014.

Carl C. Icahn, together with his affiliates, beneficially owns
approximately 100 million shares of FCX common stock, which represents
approximately 8.8% of FCX’s outstanding shares.

FCX is a premier U.S.-based natural resources company with an
industry-leading global portfolio of mineral assets, significant oil and
gas resources and a growing production profile. FCX is the world’s
largest publicly traded copper producer.

FCX’s portfolio of assets includes the Grasberg minerals district in
Indonesia, one of the world’s largest copper and gold deposits;
significant mining operations in the Americas, including the large-scale
Morenci minerals district in North America and the Cerro Verde operation
in South America; the Tenke Fungurume minerals district in the DRC; and
significant U.S. oil and natural gas assets in the Deepwater GOM,
onshore and offshore California and in the Haynesville natural gas
shale, and a position in the Inboard Lower Tertiary/Cretaceous natural
gas trend onshore in South Louisiana.

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Source: Freeport-McMoRan Inc.

Freeport-McMoRan Inc.

Financial Contacts:

L. Quirk, 602-366-8016


David P. Joint,


Media Contact:

E. Kinneberg, 602-366-7994