Thompson Creek Has Excellent Results 

DENVER, CO -Thompson Creek Metals Company Inc. achieved excellent financial performance for the second quarter and first half of the year, with significant increases in revenue, cash flow from operations and adjusted net income, said Kevin Loughrey, Chairman and Chief Executive Officer. For the first half of 2011, the Company produced 20.3 million pounds of molybdenum and sold 19.0 million pounds of molybdenum from its mines for an average realized molybdenum sales price of $17.33, up 10.5% from $15.68 in the first half of 2010. While we expect our production to be lower and our cash costs to be higher in the second half of the year, the Company is on track to achieve its previously announced production and cash cost guidance for the year, said Loughrey.

The Company also announced that the capital expenditures for the mill expansion project at the Endako mine may be approximately 15% higher than the previously announced revised estimate of C$550 million (100%) and the start-up of the new mill to be in the first quarter of 2012. We look forward to the near-term completion of the Endako state-of-the-art mill facility and are confident that our liquidity and capital resources are sufficient to complete this project, as well as the Mt. Milligan copper-gold project, added Loughrey.

The company's address is 26 West Dry Creek Circle, Suite 810, Littleton, CO 80120, (303) 761-8801, fax: (303) 761-7420, email: [email protected].