Thompson Creek Announces Executive Management Promotion and Key New Hire

NYSE: TC
TSX: TCM, TCM.WT
TSX-V: TRX.WT

DENVER, CO, Oct. 3, 2011 /PRNewswire/ - Thompson Creek Metals Company Inc. (the "Company" or "Thompson Creek"), a growing, diversified North American mining company, today announced that effective September 14, 2011, Wes Carson, Manager Operations Development for the Company's Mt. Milligan copper-gold project, was promoted to Vice President and General Manager, Mt. Milligan.  The Company also announced that effective September 26, 2011, Darryl McCoy joined the Company as Vice President, Supply Chain.

Mr. Carson brings 11 years of progressive mining leadership experience to Thompson Creek.  Prior to joining the Company in 2010, Mr. Carson held various positions within the mining industry,  including Director of Mining for Terrane Metals Corp., as well as roles with Barrick Tanzania, Placer Dome (Canada), Elk Valley Coal Corporation, and Cominco Metals Ltd. Mr. Carson will report directly to Todd Roth, Vice President, Operations and Technical Services.

"Mr. Carson has been instrumental in the development of the operations plan for the Mt. Milligan copper-gold project and his promotion is very much deserved," said Scott Shellhaas, President and Chief Operating Officer of Thompson Creek.

Mr. Carson holds a Bachelor of Applied Science in Mining and Mineral Processing from the University of  British Columbia.  He is also a registered Professional Engineer with the Association of Professional Engineers and Geoscientists of B.C. and a member of the Canadian Institute of Mining and Association for Mineral Exploration in B.C.

Darryl McCoy joins Thompson Creek with more than 26 years of progressive procurement and supply chain management experience.  He will oversee all areas of supply chain logistics, including procurement, warehousing, materials, transportation, and associated procurement contracts administration for the Company.  Mr. McCoy will report directly to Pamela Saxton, Executive Vice President and Chief Financial Officer.

"We are very pleased to welcome Mr. McCoy to our management team and look forward to working with him," said Ms. Saxton.

Prior to joining the Company, Mr. McCoy was Senior Director, Global Supply Chain for Kinross Gold Corporation, Director, Global Supply Management for MDS Inc., and a consultant with Deloitte Consulting, working on major supply chain projects for a North American-based airline company, a major Canadian retail chain, and a national courier service, among others.  Mr. McCoy served in the Canadian Armed Forces from 1985 through 1995 as an Army Operations Officer for NATO and the United Nations.

Mr. McCoy holds a Master of Business Administration degree from The University of Western Ontario and a Bachelor of Business Administration degree with an emphasis in Finance from Bishop's University in Quebec.

About Thompson Creek Metals Company Inc.

Thompson Creek Metals Company Inc. is a growing, diversified North American mining company.  The Company produces molybdenum at its 100%-owned Thompson Creek Mine in Idaho and Langeloth Metallurgical Facility in Pennsylvania and its 75%-owned Endako Mine in northern British Columbia.  The Company is also in the process of constructing the Mt. Milligan copper-gold mine in central British Columbia, which is expected to commence production in 2013.  The Company's development projects include the Berg copper-molybdenum-silver property and the Davidson molybdenum property, both located in central British Columbia.  Thompson Creek has approximately 970 employees.  Its principal executive office is in Denver, Colorado and its Canadian administrative office is in Vancouver, British Columbia.  More information is available at www.thompsoncreekmetals.com.

Cautionary Note to U.S. Investors

This news release uses the terms "measured," "indicated" and "inferred" resources.  U.S. investors are advised that, while such terms are recognized and required by Canadian regulations, the U.S. Securities and Exchange Commission does not recognize them.  U.S. investors are cautioned not to assume that all or any part of measured, indicated or inferred mineral resources will ever be converted into mineral reserves.  U.S. investors should refer to Thompson Creek's current Annual Report on Form 10-K, which is available on EDGAR at www.sec.gov, and subsequent continuous disclosure documents available at www.sec.gov for further information on mineral reserves and mineral resources, which is subject to the qualifications and notes set forth therein.

Cautionary Note Regarding Forward-Looking Statements

Certain statements in this news release (including information incorporated by reference) are ''forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934 and applicable Canadian securities legislation.  These forward-looking statements generally are identified by the words "believe," "project," "expect," "anticipate," "estimate," "intend," "strategy," "future," "opportunity," "plan," "may," "should," "will," "would," "will be," "will continue," "will likely result," and similar expressions.  Our forward looking statements include, without limitation: estimates of mineral reserves and resources, including estimated mine life and annual production; uncertainties related to feasibility studies that provide estimates of expected or anticipated costs, expenditures and economic returns from a mining project; statements as  to the projected development of the Endako mill expansion including statements regarding the associated costs and expected production commencement dates; estimates as to commodity prices; estimates of future production costs and other expenses for operations; estimates of future mineral production and sales; statements with respect to the future financial or operating performance of Thompson Creek or its subsidiaries and its projects; statements with respect to the costs and timing of future exploration projects and the development of new deposits; and statements as to Thompson Creek's ability to achieve its expected growth strategy.

Where we express an expectation or belief as to future events or results, such expectation or belief is expressed in good faith and believed to have a reasonable basis.  However, our forward-looking statements are based on current expectations and assumptions that are subject to risks and uncertainties which may cause actual results to differ materially from future results expressed, projected or implied by those forward-looking statements.  Important factors that could cause actual results and events to differ from those described in such forward-looking statements can be found in the section entitled ''Risk Factors'' in Thompson Creek's Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and other documents filed on EDGAR at www.sec.gov and on SEDAR at www.sedar.com.  Although we have attempted to identify those factors that could cause actual results or events to differ from those described in such forward-looking statements, there may be other factors that cause results or events to differ from those anticipated, estimated or intended.  Many of these factors are beyond TCM's ability to control or predict.  Given these uncertainties, the reader is cautioned not to place undue reliance on our forward-looking statements.  We undertake no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events, or otherwise.

SOURCE Thompson Creek Metals Company Inc.