Thompson Creek Announces Executive Promotions

DENVER, Aug. 12, 2011 /CNW/ --
NYSE: TC


TSX: TCM, TCM.WT


TSX-V: TRX.WT

DENVER, Aug. 12, 2011 /CNW/ - Thompson Creek Metals Company Inc. (the
'Company' or 'Thompson Creek'), a growing, diversified North American
mining company, today announced that effective August 5, 2011, Pamela
Saxton, Vice President, Finance and Chief Financial Officer since 2008,
has been promoted to Executive Vice President and Chief Financial
Officer, and Mark Wilson, Vice President, Sales and Marketing since
2006, has been promoted to Executive Vice President and Chief
Commercial Officer. 

'Ms. Saxton and Mr. Wilson have been invaluable contributors to the
organization throughout their careers at Thompson Creek and I greatly
value their experience and insight,' said Kevin Loughrey, Chairman and
Chief Executive Officer.  'These changes in their titles are intended
to better reflect their respective levels of responsibilities within
the organization,' added Mr. Loughrey.

Ms. Saxton will continue to oversee the Company's financial activities,
corporate transactions, strategic sourcing and IT activities.  Mr.
Wilson will continue to oversee the sales and marketing activities of
the Company, as well as oversee the operations at Thompson Creek's
Langeloth Metallurgical Facility.

Ms. Saxton has over 30 years of domestic and international finance and
accounting experience within and outside the mining industry. Ms.
Saxton holds a Bachelor of Science in Accounting from the University of
Colorado in Boulder. She is a member and past Chair of the Board for
the Colorado Association of Commerce and Industry.

Mr. Wilson has more than 25 years of experience in the mining industry,
with extensive experience in marketing, business development and
finance.  Mr. Wilson holds a Bachelor of Science in Geology and
Geophysics from Yale University and a M.A. in Law and Diplomacy from
the Fletcher School of Law and Diplomacy.

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

Certain statements in this news release (including information
incorporated by reference) are ''forward-looking statements' within the
meaning of the United States Private Securities Litigation Reform Act
of 1995, Section 27A of the Securities Act of 1933, Section 21E of the
Securities Exchange Act of 1934 and applicable Canadian securities
legislation.  These forward-looking statements generally are identified
by the words 'believe,' 'project,' 'expect,' 'anticipate,' 'estimate,'
'intend,' 'strategy,' 'future,' 'opportunity,' 'plan,' 'may,' 'should,'
'will,' 'would,' 'will be,' 'will continue,' 'will likely result,' and
similar expressions.  Our forward looking statements include, without
limitation: estimates of future capital expenditures and other cash
needs for operations, including with respect to the Endako mill
expansion and the development of Mt. Milligan, and expectations as to
the funding thereof; statements as  to the projected development of the
Endako mill expansion, Mt. Milligan and other projects, including
expected production commencement dates; statements regarding future
earnings, and the sensitivity of earnings to molybdenum prices;
estimates of future production costs and other expenses for specific
operations and on a consolidated basis; estimates of future mineral
production and sales for specific operations and on a consolidated
basis; estimates of mineral reserves and resources, including estimated
mine life and annual production; estimates as to commodity prices;
statements with respect to the future financial or operating
performance of TCM or its subsidiaries and its projects; statements
with respect to the costs and timing of future exploration projects and
the development of new deposits including the Berg property and the
Davidson property; projected synergies and costs associated with
acquisitions and related matters; and statements as to TCM's ability to
achieve its expected growth strategy.

Where we express an expectation or belief as to future events or
results, such expectation or belief is expressed in good faith and
believed to have a reasonable basis.  However, our forward-looking
statements are based on current expectations and assumptions that are
subject to risks and uncertainties which may cause actual results to
differ materially from future results expressed, projected or implied
by those forward-looking statements.  Important factors that could
cause actual results and events to differ from those described in such
forward-looking statements can be found in the section entitled ''Risk
Factors'' in Thompson Creek's Annual Report on Form 10-K, Quarterly
Reports on Form 10-Q and other documents filed on EDGAR at www.sec.gov and on SEDAR at www.sedar.com.  Although we have attempted to identify those factors that could cause
actual results or events to differ from those described in such
forward-looking statements, there may be other factors that cause
results or events to differ from those anticipated, estimated or
intended.  Many of these factors are beyond TCM's ability to control or
predict.  Given these uncertainties, the reader is cautioned not to
place undue reliance on our forward-looking statements.  We undertake
no obligation to update or revise publicly any forward-looking
statements, whether as a result of new information, future events, or
otherwise. 

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