Thompson Creek announces normal course issuer bid



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

    TORONTO, Sept. 25 /CNW/ - Thompson Creek Metals Company Inc. (the
"Company"), one of the world's largest, publicly traded, pure molybdenum
producers, today announced that the Toronto Stock Exchange (the "TSX") has
accepted the Company's Notice of Intention to make a Normal Course Issuer Bid
(the "Bid") to purchase for cancellation, from time to time, as the Company
considers advisable, its issued and outstanding common shares (the "Shares").
There are 125,046,072 Shares issued and outstanding on the date hereof. Of
this amount, 123,066,702 constitute "public float" calculated in accordance
with the rules of the TSX. The Company intends to purchase for cancellation up
to a maximum of 12,300,000 Shares, being approximately 10% of the Company's
"public float" outstanding on the date hereof. Of this amount, the Company may
make purchases under the Bid of up to 6,252,303 Shares through the facilities
of the New York Stock Exchange (the "NYSE"). The daily trading limit is
986,669 Shares until October 2, 2008, unless further extended, and 246,667
Shares thereafter, subject to block purchase exceptions. The Company plans to
fund its share purchases under the Bid from free cash flow. The Company has
not purchased any of its Shares during the preceding 12 months pursuant to a
normal course issuer bid.
    Purchases under the Bid may commence on September 29, 2008 and may be
made until September 28, 2009, or such earlier time as the Bid is completed or
terminated at the option of the Company. Purchases will be made on the open
market through the facilities of the TSX in accordance with its policies and
may also be made through the facilities of the NYSE in accordance with its
rules.  The price to be paid will be the market price at the time of
acquisition.
    The Company believes that from time to time its Shares have been trading
at prices that do not reflect the underlying value of the Company. As a
result, the Company believes that its Shares are a good investment at their
current and recent trading prices and that the purchase of its Shares will
help create value for its shareholders.

    About Thompson Creek Metals Company Inc.

    Thompson Creek Metals Company Inc. 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 metallurgical roasting facility
in Langeloth, Pennsylvania and a 75% share of the Endako open-pit mine, mill
and roasting facility in northern British Columbia. Thompson Creek is also
developing two high-grade underground molybdenum deposits, the Davidson
Deposit near Smithers, B.C., and the Lucky Jack Deposit near Crested Butte,
Colorado. The Company has approximately 800 employees. Its principal executive
office is in Denver, Colorado, and it has other executive offices in Toronto,
Ontario 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 current annual
information form which is available on SEDAR at www.sedar.com and is
incorporated in its Annual Report on Form 40-F filed with the United States
Securities and Exchange Commission 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.





For further information:

For further information: Wayne Cheveldayoff, Director of Investor
Relations, Thompson Creek Metals Company Inc., Tel: (416) 860-1438, Toll free:
1-800-827-0992, wcheveldayoff@tcrk.com; Dan Symons, Renmark Financial
Communications Inc., Tel.: (514) 939-3989, dsymons@renmarkfinancial.com

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Thompson Creek Metals Company Inc.

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