Thompson Creek announces revised 2008 Endako production guidance and 2007 production amounts



    Shares outstanding: 113,458,938

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

    TORONTO, Feb. 19 /CNW/ - Thompson Creek Metals Company Inc., one of the
world's largest publicly traded, pure molybdenum producers, today announced a
revised 2008 molybdenum production estimate for its Endako Mine and 2007
fourth-quarter and full-year molybdenum production amounts for both of its
mines.

    Revised Production Estimate for 2008

    The Company forecasts its 75% share of molybdenum production from the
Endako Mine in 2008 will be between 6.5 and 7.5 million pounds, compared with
the prior estimate of between 7.5 and 8.5 million pounds. This revised
guidance is based on a new mine plan necessitated by a pit-wall slide
experienced last November at the mine's Endako Pit.
    At the time of the slide, some of the ore for the mill was being produced
from the Denak West Pit. That production has been increased with excellent
results, allowing the mine to complete 2007 production above its December 12,
2007 guidance. Since the beginning of January, most of the ore for the mill
has come from the Denak West Pit, supplemented when necessary from the mine's
stockpile.
    To ensure continued flexibility in ore production at Endako, the Company
has decided to immediately purchase four new 240-ton haul trucks for delivery
this summer instead of in 2009 as originally scheduled. These trucks will
allow the mine to produce full time from the Denak West Pit and to continue
the stripping program necessary to maintain orderly mine development. For the
interim, the Company has engaged a contractor to provide trucking services
beginning in March until the new trucks are delivered.
    The Company has also decided to proceed with its previous plans for the
installation later this year of an overland conveyor to haul ore from the
Denak West Pit to the mill, and the associated movement of the in-pit crusher
from the Endako Pit to the Denak West Pit.
    Endako management has been working with regulatory authorities to obtain
approval to resume mining in the Endako Pit. Once that approval is obtained,
management will have the option to resume mining in the Endako Pit. In the
unlikely event that approval is not obtained, the Company will continue to
mine ore primarily from the Denak West Pit as it is now doing. In either case,
the revised molybdenum production guidance for 2008 of between 6.5 and
7.5 million pounds remains the same, and the previous production guidance for
2009 of approximately 8 million pounds also is unchanged.
    "The Endako management has done an excellent job of revising its mine
plan," said Kevin Loughrey, Chairman and Chief Executive Officer. "This new
plan allows us to achieve 2008 production very close to our previous estimate,
whether or not we return to the Endako Pit. If we do not mine additional
material this year from the Endako Pit, we will begin further development work
there that will allow us to recover that ore later in the life of the mine
while we are at the same time producing ore from the Denak West Pit as
planned.
    "At the Thompson Creek Mine, where we expect a gradual rise in the ore
grade throughout the year, there is no change in the guidance. We continue to
forecast that molybdenum production will be between 16.5 and 17.0 million
pounds in 2008," Mr. Loughrey said.
    The Company's total production of molybdenum (including its production at
the Thompson Creek Mine and its 75% share of production at Endako) is now
expected to be between 23 and 24.5 million pounds in 2008, compared with the
previous estimate of between 24 and 25.5 million pounds.
    For 2009, the Company continues to expect its total molybdenum production
will be in excess of 34 million pounds. Production at the Thompson Creek Mine
in 2009 is forecast to rise to approximately 26 million pounds as the mine
produces from the higher-grade areas of its ore body, while the Company's 75%
share of production at the Endako mine is estimated at approximately 8 million
pounds.

    Molybenum Production in 2007

    The Company's total production of molybdenum was 3.4 million pounds in
the fourth quarter of 2007. This included production at the Thompson Creek
Mine and the Company's 75% share of production at the Endako Mine. In a
December 12, 2007 news release, the Company had estimated fourth-quarter
production at approximately 3.0 million pounds. For 2007, the Company's
molybdenum production was 16.3 million pounds, compared with the December 12,
2007 estimate of 15.9 million pounds.
    At the Endako Mine, the Company's 75% share of molybdenum production was
1.5 million pounds in the fourth quarter of 2007 and 7.1 million pounds for
the 2007 full year versus the previous estimates of 1.2 million pounds and
6.8 million pounds, respectively.
    Production of molybdenum from the Thompson Creek Mine was 1.9 million
pounds in the fourth quarter of 2007 and 9.2 million pounds for the 2007 full
year, compared with the previous estimates of 1.8 million pounds and
9.1 million pounds, respectively.

    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 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 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 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: 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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