NYSE: TC TSX: TCM, TCM.WT Frankfurt: A6R TORONTO, June 23 /PRNewswire-FirstCall/ -- Thompson Creek Metals Company Inc. ("Company"), one of the world's largest publicly traded, pure molybdenum producers, today announced that it has completed a voluntary stock option cancellation program offered to all holders of stock options with an exercise price of C$16.19 per share and above. Under the terms of the program, options to acquire an aggregate of 2,414,500 million common shares were voluntarily surrendered for cancellation by 55 holders effective June 22, 2009. The Company's existing stock option plan currently allows for a maximum of approximately 8.6 million outstanding options. Following this cancellation, there are a total of 6,055,166 options outstanding with exercise prices ranging from C$0.60 to C$23.93. The cancellation of options provides the Company with the flexibility to issue stock options in the future. The Company regards the flexibility to issue new options as an important element in attracting and retaining highly qualified employees and directors. A non-cash compensation charge of approximately US$2.8 million will be recorded in the quarter ending June 30, 2009, representing the remaining unamortized, stock-based compensation cost for the cancelled options as of June 22, 2009. As a result, the current quarterly charge related to these options will be eliminated, representing approximately US$0.9 million for the quarter ending September 30, 2009, and US$0.8 million, $0.7 million, $0.3 million, and $0.1 million for the subsequent four quarters, 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 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 has two high-grade underground molybdenum deposits, the Davidson Deposit near Smithers, B.C., and the Mount Emmons Deposit near Crested Butte, Colorado. The Company is continuing to pursue permitting of the Davidson Project and is evaluating the Mount Emmons Deposit. The Company has approximately 750 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. 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, 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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