THOMPSON CREEK

Thompson Creek Metals Company Inc. announced financial results for the three and nine months ended September 30, 2010. Highlights include; revenues for the third quarter of 2010 were US$161.8 million, up 41.4% from US$114.4 million for the third quarter of 2009. The Company Molybdenum production for the third quarter of 2010 was 8.0 million pounds, up 28% from 6.2 million pounds for the third quarter of 2009.

Thompson Creek Metals reported new resources and reserves estimates for the Thompson Creek Mine. The Proven and probable mineral reserves are estimated at 164.6 million tons at an average grade of 0.084% Mo containing 277.2 million pounds of molybdenum. The mineral reserves are included in a revised estimate of measured and indicated mineral resources, which totals 326.4 million tons at an average grade of 0.068% Mo and contained Mo of 444.6 million pounds, using a cut-off grade of 0.03% Mo.

Provided an update where necessary steps to adjust production and reduce cost were taken. The planned production adjustments include a reduction in mill operation to 70% of capacity (a 10 days on, four days off schedule) at the Thompson Creek Mine beginning mid-April and a temporary shutdown for about a month this summer at both the Thompson Creek and Endako mines.