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Press release from CNW Group

Lawsuit Relating to Endako Expansion Project Dismissed

Friday, August 05, 2011

Lawsuit Relating to Endako Expansion Project Dismissed18:44 EDT Friday, August 05, 2011NYSE: TCTSX: TCM, TCM.WTTSX-V: TRX.WTDENVER, Aug. 5, 2011 /CNW/ - Thompson Creek Metals Company Inc. ("Company" or "Thompson Creek"), a growing, diversified North American mining company, today announced that the Supreme Court of British Columbia has dismissed in full the lawsuit filed in May 2010 by the Stellat'en First Nation claiming that the British Columbia Ministry of Energy, Mines and Petroleum Resources did not fulfill its duty to consult with or accommodate Stellat'en's asserted aboriginal rights and title interests in relation to Thompson Creek's Endako Mine expansion project. Stellat'en's petition had named the Company, a 75% owner of the Endako Mine, as one of the parties involved, although its claims regarding the lack of consultation were against the B.C. government.The Court found that the government acted honorably in its efforts to consult Stellat'en on Thompson Creek's proposed expansion of the Endako Mine.  The Court held that the government had correctly determined the scope of its duty to consult Stellat'en and then engaged in consultation that was adequate and reasonable in the circumstances.In connection with its ruling, the Court reviewed the Company's extensive efforts to consult and engage with the Stellat'en First Nation and other First Nations in connection with the Endako expansion project."We are extremely pleased with the court's decision and remain fully committed to appropriate consultation and building positive relationships with First Nations regarding the expansion project and all of our Canadian operations and projects," said Kevin Loughrey, Chairman and Chief Executive Officer.About Thompson Creek Metals Company Inc.Thompson Creek Metals Company Inc. is a growing, diversified North American mining company.   The Company produces molybdenum at its 100%-owned Thompson Creek Mine in Idaho and Langeloth Metallurgical Facility in Pennsylvania and its 75%-owned Endako Mine in northern British Columbia.  The Company is also in the process of constructing the Mt. Milligan copper-gold mine in central British Columbia, which is expected to commence production in 2013.  The Company's development projects include the Berg copper-molybdenum-silver property and the Davidson molybdenum property, both located in central British Columbia.  Thompson Creek has approximately 972 employees.  Its principal executive office is in Denver, Colorado and its Canadian administrative office is in 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.  Forward-looking statements include statements with respect to: future financial or operating performance of Thompson Creek or its subsidiaries and its projects; future inventory, production, cash costs, capital expenditures and exploration expenditures; funding sources for the Endako Mine expansion and Mt. Milligan development costs; 2011 operating goals; and 2011 molybdenum prices.Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements.  Such factors include, among others, risks related to general business, economic, competitive, political and social uncertainties including global economic conditions; volatility in molybdenum prices; labor cost and materials cost fluctuations; foreign currency fluctuations; energy price fluctuations; project delays; title disputes or claims; limitations of insurance coverage; changes in governmental regulation of mining operations; risks related to the volatility of Thompson Creek's share price; changes in environmental regulation; the actual results of current exploration activities; actual results of reclamation activities; conclusions of economic evaluations; changes in project parameters as plans continue to be refined; possible variations of ore grade or recovery rates; and failure of plant, equipment or processes to operate as anticipated.  Additional factors that could cause Thompson Creek's results to differ from those described in the forward-looking information can be found in the section entitled ''Risk Factors'' in Thompson Creek's Annual Report on Form 10-K, in Section 1A of Thompson Creek's Quarterly Reports on Form 10-Q and subsequent documents filed on EDGAR at www.sec.gov and on SEDAR at www.sedar.com.  Forward-looking statements contained herein are made as of the date of this news release and Thompson Creek disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or results or otherwise, except as required by law.  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, the reader is cautioned not to place undue reliance on forward-looking statements.For further information: Pamela Solly Director, Investor Relations Thompson Creek Metals Company Inc.         Tel: (303) 762-3526psolly@tcrk.com Christine Stewart Renmark Financial Communications Inc. Tel: (416) 644-2020cstewart@renmarkfinancial.com