NYSE: TC TSX: TCM, TCM.WT Frankfurt: A6R TORONTO, Oct. 16 /PRNewswire-FirstCall/ -- 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 http://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 http://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 http://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 http://www.sedar.com/ and is incorporated in its Annual Report on Form 40-F filed with the SEC which is available at http://www.sec.gov/ and subsequent continuous disclosure documents available at http://www.sedar.com/ and http://www.sec.gov/ for further information on mineral reserves and mineral resources, which is subject to the qualifications and notes set forth therein. DATASOURCE: Thompson Creek Metals Company Inc. CONTACT: Wayne Cheveldayoff, Director of Investor Relations, Thompson Creek Metals Company Inc., Tel: (416) 860-1438, Toll free: 1-800-827-0992, ; Dan Symons, Renmark Financial Communications Inc., Tel.:(514) 939-3989,

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