Thompson Creek announces changes to production estimates for 2007



    Shares outstanding: 113,338,000

    NYSE:   TC
    TSX: TCM, TCM.WT
    Frankfurt: A6R

    TORONTO, Dec. 12 /CNW/ -Thompson Creek Metals Company Inc., one of the
world's largest publicly traded, pure molybdenum producers, today announced
revisions to its molybdenum production estimates for 2007. Production
estimates for 2008 and 2009 remain unchanged.
    Total production of molybdenum at the Thompson Creek Mine and the
Company's 75% share of molybdenum production at the Endako Mine is currently
estimated at approximately 3.0 million pounds in the fourth quarter of 2007.
The Company previously estimated fourth-quarter production at between 4.5 and
5 million pounds. For 2007, the Company expects molybdenum production of 15.9
million pounds versus a previous estimate of between 17.5 and 18 million
pounds.
    At the Endako Mine, the Company's 75% share of molybdenum production is
now estimated at 1.2 million pounds in the fourth quarter of 2007, compared
with a previous estimate of between 1.9 and 2.1 million pounds. Production for
2007 is estimated at 6.8 million pounds versus a previous estimate of between
7.5 and 7.7 million pounds.
    Molybdenum production at the Endako Mine has been negatively affected in
the fourth quarter by a rock slide on November 12 that interrupted production
of ore from the Endako Pit. Since then, the mill has continued to operate and
produce molybdenum, with ore sourced from the Denak West Pit and the mine's
stockpile. However, due to a higher moisture content of the ore from both
sources, the mill has not been able to run at full capacity and that, along
with the lower average grade of the ore being processed, has reduced the pace
of molybdenum production from the mill. The shovel that was partially covered
by the slide is being repaired and is expected to be fully operational by the
end of December.
    As a result of the slide, the Company is currently reviewing the Endako
Mine plan for 2008 but does not see any reason at this time to change its
prior forecast of between 7.5 and 8.5 million pounds for its 75% share of
molybdenum production from the mine. The Company will provide an update on its
2008 production guidance when the mine plan has been finalized.
    Production of molybdenum from the Thompson Creek Mine is now expected to
be 1.8 million pounds in the fourth quarter of 2007 versus a previous estimate
of between 2.6 and 2.9 million pounds. Production has been less than expected
because, since mining of the stockpile ceased and mining of Phase 6 ore began
in October, it is taking longer than expected to access the higher-grade areas
of the ore body. In addition, the ore has been harder than average and this is
resulting in a lower-than-expected amount of ore processed by the mill.
Molybdenum production at the mine is now estimated to be 9.1 million pounds in
2007 versus a previous estimate of between 10.0 and 10.3 million pounds.
    While fourth-quarter molybdenum production has been lower than expected,
the Company does not foresee at this time any impact on planned production for
the Thompson Creek Mine in 2008, which the Company continues to estimate at
between 16.5 and 17.0 million pounds.
    The Company also continues to expect its molybdenum production in 2009
will be in excess of 34 million pounds as the Thompson Creek Mine accesses the
highest-grade areas of its ore body. Production at the Thompson Creek Mine in
2009 is expected to be approximately 26 million pounds, while the Company's
75% share of production at the Endako mine is estimated at approximately 8
million pounds.

    About Thompson Creek Metals Company Inc.

    Thompson Creek Metals Company Inc. (formerly Blue Pearl Mining Ltd.) is
one of the largest publicly traded, pure molybdenum producers in the world.
The Company owns the Thompson Creek open-pit molybdenum mine and mill in
Idaho, a 75% share of the Endako open-pit mine, mill and roasting facility in
northern British Columbia, and a metallurgical roasting facility in Langeloth,
Pennsylvania. Thompson Creek is also developing the Davidson high-grade
underground molybdenum project near Smithers, B.C. The Company has more than
700 employees. Its head office is in Toronto, Ontario. It also has executive
offices in Denver, Colorado (including sales and marketing) and Vancouver,
British Columbia. More information is available at
www.thompsoncreekmetals.com.

    Cautionary Note Regarding Forward-Looking Statements
    ----------------------------------------------------
    This news release contains "forward-looking information" within the
meaning of the United States Private Securities Litigation Reform Act of 1995
and applicable Canadian securities legislation which may include, but is not
limited to, statements with respect to the timing and amount of estimated
future production. Often, but not always, forward-looking statements can be
identified by the use of words such as "plans", "expects", "is expected",
"budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or
"believes" or variations (including negative variations) of such words and
phrases, or state that certain actions, events or results "may", "could",
"would", "might" or "will" be taken, occur or be achieved. Forward-looking
statements involve known and unknown risks, uncertainties and other factors
which may cause the actual results, performance or achievements of Thompson
Creek and/or its subsidiaries to be materially different from any future
results, performance or achievements expressed or implied by the
forward-looking statements. Such factors include those factors discussed in
the section entitled "Risk Factors" in Thompson Creek's annual information
form for the year ended December 31, 2006 and dated March 26, 2007 which is
available on SEDAR at www.sedar.com and is incorporated in its Registration
Statement on Form 40-F filed with the United States Securities and Exchange
Commission on October 30, 2007 which is available at www.sec.gov. Although
Thompson Creek has attempted to identify important factors that could cause
actual actions, events or results to differ materially from those described in
forward-looking statements, there may be other factors that cause actions,
events or results to differ from those anticipated, estimated or intended.
Forward-looking statements contained herein are made as of the date of this
news release and Thompson Creek does not undertake to update any such
forward-looking statements, except in accordance with applicable securities
laws. There can be no assurance that forward-looking statements will prove to
be accurate, as actual results and future events could differ materially from
those anticipated in such statements. Accordingly, readers are cautioned not
to place undue reliance on forward-looking statements.
    Readers should refer to Thompson Creek's annual information form for the
year ended December 31, 2006 and dated March 26, 2007 which is available on
SEDAR at www.sedar.com and is incorporated in its Registration Statement on
Form 40-F filed with the SEC on October 30, 2007 which is available at
www.sec.gov and subsequent continuous disclosure documents available at
www.sedar.com and www.sec.gov for further information on mineral reserves and
mineral resources, which is subject to the qualifications and notes set forth
therein.





For further information:

For further information: Ian McDonald, Executive Chairman, Thompson
Creek Metals Company Inc., Tel: (416) 860-1438, info@tcrk.com; Wayne
Cheveldayoff, Director of Investor Relations, Thompson Creek Metals Company
Inc., Tel: (416) 860-1438, Toll free: 1-800-827-0992, wcheveldayoff@tcrk.com;
Tina Cameron, Renmark Financial Communications Inc., Tel.: (514) 939-3989,
tcameron@renmarkfinancial.com

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Thompson Creek Metals Company Inc.

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