Mount Milligan

Thompson Creek Metals Company Inc. entered into an Amended and Restated Purchase and Sale Areement with Royal GOld Inc. to sell an additional 15% of the payable gold from Thompson Creek's Mt. Milligan copper-gold project to Royal Gold in exchange for a total of Can$270 million.

Terrane Metals announced that has closed its previously announced financings. A syndicate of underwriters, purchased 63,637,000 units and Goldcorp Inc. purchased 27,273,000 units at a price of Can$1.10 per unit, for a gross proceeds of Can$100,001,000. Net proceeds from the financings will be used to fund the 2010 construction program at the Mt. Milligan project.

Terrane Metals announced that it has entered into an agreement with a syndicate of underwriters with respect to a Can$70,000,700 bought-deal financing and has agreed to terms with Goldcorp Inc. on a Can$30,000,300 non-brokered private placement financing. The Company intends to use the proceeds to fund the 2010 construction program at the Mt. Milligan Project and for working capital purposes.