Thompson Creek Announces Appointment of Chief Operating Officer
Toronto, ON - August 11, 2009 - Thompson Creek Metals Company Inc. (TSX: TCM / NYSE: TC) (�Company�), one of the world�s largest publicly traded, pure molybdenum producers, today announced the appointment of S. Scott Shellhaas as Vice President and Chief Operating Officer.
The appointment follows the decision by the Company to close the Vancouver, British Columbia office requiring the Chief Operating Officer to work out of its principal executive offices in Denver, Colorado. As previously announced on June 5, 2009, Ken Collison, the Company�s former Chief Operating Officer, who was working in the Vancouver office, had chosen not to relocate to Denver. Mr. Collison will remain with the Company for the coming months as Operations Consultant and continue to work on specific projects.
�We are very pleased to welcome Scott Shellhaas to our management team and look forward to working with him. Scott has extensive minerals management experience, both domestic and international, involving a number of different metals. We are fortunate to be able to attract Scott to Thompson Creek,� said Kevin Loughrey, Chairman and Chief Executive Officer.
Mr. Shellhaas joins Thompson Creek with over 25 years of international executive management and operating experience within the mining industry.
Mr. Shellhaas� mining career started with Cyprus Amax Minerals Company where he was a managing attorney from 1982 to 1989. He subsequently served in operating positions, including: President of Cyprus Australia Gold Company (1989-1991), a gold and copper producer in Australia; President of Cyprus Northshore Mining Company (1991-1994), an iron ore producer in Minnesota; President of Cyprus Foote Mineral Company (1993-1996), an international lithium producer operating in Chile and the United States; and President and Chief Operating Officer of Amax Gold Inc. (1996-1998), a publicly traded global gold producer. From 1998 to 2000, he was President of Cyprus Australia Coal Company, a coal producer in Australia, and Chairman and Chief Executive Officer of Oakbridge Proprietary Ltd., an associated coal producing and marketing joint venture and consortium.
From 2000 to 2007, Mr. Shellhaas was the CEO designate for venture capital development projects involving coal, iron and steel producers within the United States. He then was Vice President of Richmond, Virginia-based Imagin Natural Resources, a start-up natural resource company focusing on the acquisition and operation of coal assets. Since leaving Imagin in 2008, he has provided executive management consulting services to natural resource and energy companies.
Mr. Shellhaas has a Bachelor of Arts in Economics from the University of North Carolina-Chapel Hill and a Juris Doctor with Honors from the University of Wyoming School of Law.
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 evaluating the Mount Emmons Deposit, a high-grade underground molybdenum deposit near Crested Butte, Colorado. Thompson Creek has an option to acquire up to 75% of the property. The Company is continuing to pursue permitting of the Davidson Deposit, a high-grade underground molybdenum deposit near Smithers, B.C. The Company has approximately 750 employees. Its principal executive office is in Denver, Colorado, and it has another executive office in Toronto, Ontario. 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 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 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 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 inten ded. 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 www.sedar.com and is incorporated in its Annual Report on Form 40-F filed with the SEC which is available at www.sec.gov and subsequent continuous disclosure documents available at www.sedar.com and www.sec.gov for further information on mineral reserves and mineral resources, which is subject to the qualifications and notes set forth therein.
For more information, please contact:
Wayne Cheveldayoff
Director of Investor Relations
Thompson Creek Metals Company Inc.
Tel: 416-860-1438
Toll free: 1-800-827-0992
wcheveldayoff@tcrk.com
Renmark Financial Communications Inc.
Dan Symons: dsymons@renmarkfinancial.com
Barry Mire: bmire@renmarkfinancial.com
Media � Vanessa Napoli : vnapoli@renmarkfinancial.com or
Lynda Martineau: lmartineau@renmarkfinancial.com
Tel.: 514 939-3989 or 416 644-2020
www.renmarkfinancial.com
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