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 also has an office in Toronto, Ontario.

Overview (all in U.S. dollars):

• Thompson Creek achieved excellent operational performance in the first quarter of 2010 as production achieved a quarterly record level of 8.3 million pounds and average production costs were reduced to $5.36 per pound. The price of molybdenum rose significantly during the quarter and, as is always the case, the price the Company received for its product lagged the market price by several weeks. Sales revenues were also limited by the previously announced buildup of inventory related to the scheduled maintenance shutdown of the Langeloth roasting facility.
• First-quarter 2010 net income was $1.1 million or $0.01 per basic and diluted share, including a non-cash charge of $24.5 million related to the previously a nnounced requirement under US GAAP to account for the Company’s outstanding common stock purchase warrants as a derivative liability, with changes in the fair market value recorded in net income.
• Non-GAAP adjusted net income in the first quarter (excluding the non-cash charge on the warrants) was $25.6 million or $0.18 per basic and $0.17 per diluted share.
• Cash flow from operations totaled $25.6 million in the first quarter of 2010.
• Total cash, cash equivalents and short-term investments at March 31, 2010 were $523.6 million. Total debt was $11.4 million.
• The Company reaffirmed previous estimates for 2010 for molybdenum production of 29 to 32 million pounds, sales of molybdenum produced at the Company’s mines of 27 to 30 million pounds, cash cost per pound produced of $6 to $7 per pound, and capital expenditures of approximately $298 million, including $209 million for its 75% share of the Endako expansion project.

Kevin Loughrey - Chairman of the Board of Directors & Chief Executive Officer

Pamela L. Saxton - Chief Financial Officer & Vice-President, Finance

S. Scott Shellhaas - Vice-President & Chief Operating Officer

Mark A. Wilson - Vice-President, Sales & Marketing

Dale Huffman - Vice-President, General Counsel & Secretary

Kenneth W. Collison - Operations Consultant

Pamela Solly - Director of Investor Relations

Wayne Cheveldayoff - Investor Relations Advisor

Kevin Loughrey - Chairman of the Board of Directors

Timothy J. Haddon - Lead Director

Denis C. Arsenault - Director

James P. Geyer - Director

Thomas J. O'Neil - Director

James L. Freer - Director

Carol T. Banducci - Director