Thompson Creek announces Pamela L. Saxton has assumed the duties of Chief Financial Officer



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

    TORONTO, Oct. 16 /CNW/ - Thompson Creek Metals Company Inc. ("the
Company"), one of the world's largest publicly traded, pure molybdenum
producers, today announced that Pamela L. Saxton has assumed all the duties
and responsibilities of the Chief Financial Officer and Vice President,
Finance, effective October 16, 2008. Her appointment to this role was
previously announced in a July 29, 2008 news release in conjunction with the
move of the Company's finance department from Vancouver, British Columbia to
the Company's principal executive office in Denver, Colorado.
    "The move of the finance department from Vancouver to Denver is
progressing well. By the end of October, most of the new finance employees
will be on board in Denver and working with the outgoing team in Vancouver,"
said Kevin Loughrey, Chairman and Chief Executive Officer.
    "The Vancouver finance employees, who have chosen not to relocate to
Denver, have been commendable in welcoming their new counterparts and
acquainting them with their respective functions while continuing their
regular responsibilities. I especially wish to thank Derek Price, former Vice
President, Finance and CFO, for his contributions and support over the past
two years and during this transition. He will continue to assist us as needed
through the remainder of the year. All of us at Thompson Creek certainly wish
him and the rest of the Vancouver team the best in their future pursuits."

    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 Mount Emmons 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.
    Readers should refer to 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 SEC 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: 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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