NYSE: TC
TSX: TCM, TCM.WT
Frankfurt: A6R

March 13, 2008

THOMPSON CREEK ANNOUNCES 2007 FINANCIAL RESULTS

Overview (all in U.S. dollars):

. Revenues were $197.8 million in the fourth quarter and $914.4 million in 2007.

. Net income was $28.9 million or $0.25 per basic and $0.22 per diluted share in the fourth quarter and $157.3 million or $1.43 per basic and $1.24 per diluted share in 2007.

. Average realized price on molybdenum sales was $31.08 per pound in the fourth quarter and $28.77 per pound during the full year.

. Long-term debt borrowed for the acquisition of Thompson Creek USA in October 2006 was reduced by $165.8 million during 2007. At December 31, 2007, the principal outstanding on the First Lien Credit Facility was $236.1 million and cash balances totaled $113.7 million.

. Since the acquisition of Thompson Creek USA, the Company has used $327 million of cash to reduce acquisition debt and make payments to the previous owner, including a contingent purchase price payment of $100 million in January 2008.

. Moly bdenum production from the Company's two mines was 3.4 million pounds in the fourth quarter and 16.3 million pounds in 2007.

. Outlook for molybdenum prices remains positive and the Company continues to expect its molybdenum production to increase to between 23 and 24.5 million pounds in 2008 and in excess of 34 million pounds in 2009.

. The weighted-average cash operating expense was $11.51 per pound in the fourth quarter and $8.39 per pound for 2007. In 2008, costs are expected to be in the range of $6.00 to $6.50 per pound at the Thompson Creek Mine and $9.50 to $10.25 per pound
at the Endako Mine.

Note: A conference call and webcast for analysts and investors is scheduled for Friday, March 14, 2008 at 10:00 a.m. Eastern.

Thompson Creek Metals Company Inc. ("the Company"), one of the world's largest publicly traded, pure molybdenum producers, today announced financial results for the year ended December 31, 2007 prepared in accordance with Canadian generally accepted accounting principles. All dollar amounts are in U.S. dollars unless otherwise indicated.

"Thompson Creek achieved significant financial success in 2007 despite experiencing lower molybdenum production at both of our operating mines in the second half of the year," said Kevin Loughrey, Chairman and Chief Executive Officer.

"The production difficulties stemming from a rock slide at the Endako Mine and the processing of a low-grade stockpile at the Thompson Creek Mine are now behind us. At the Thompson Creek Mine, where we began mining Phase 6 ore in the fourth quarter of 2007, the ore grade has risen as expected and molybdenum production currently is on track to achieve the guidance that we previously announced for 2008.

"Mining operations are also going well and on track to achieve forecasted production levels at the Endako Mine, where we have experienced good grades and recoveries from the ore that we have been mining from the Denak West Pit since the beginning of the year," Mr.
Loughrey stated.

"With molybdenum prices showing continued strength, we believe that the best is still to come for Thompson Creek shareholders. The Company is well-positioned to deliver substantial gains in earnings and shareholder value this year and beyond, especially due to our internal growth plans.

"Molybdenum production from our existing mines is expected to more than double from the 16.3 million pounds recorded in 2007 to at least 34 million pounds in 2009 due to higher ore grades at the Thompson Creek Mine. The Company is considering a possible mill expansion at the Endako Mine and the development of the Davidson Deposit. Both of these expansion projects could add to production starting in 2010. They currently are under review and decisions will be announced in the coming months.

"An important benefit for our shareholders from rising production is the impac t on per-pound production costs, which for the overall company are expected to be lower this year than they were in 2007 and lower still in 2009," Mr. Loughrey added.

"During 2007, the reported mineral resources, mineral reserves and mine life increased substantially due to a re-evaluation of our existing mining properties using the assumption of $10 per pound for the long-term price for molybdenum. At the Thompson Creek Mine, additional drilling in 2008 is expected to lead to a second revision of the estimates for reserves and mine life."

THIS PRESS RELEASE CONTAINS FINANCIAL STATEMENTS; CLICK HERE TO VIEW FULL PDF VERSION

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 75% share of the Endako open-pit mine, mill and roasting facility in northern British Columbia, and a metallurgical roasting facility in Langeloth, Pennsylvania. Thompson Creek is also developing the Davidson Deposit, a highgrade underground molybdenum project near Smithers, B.C. The Company has approximately 800 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 www.thompsoncreekmetals.com.

Cautionary Note Regarding Forward-Looking Statements
This news release contains "forward-looking i nformation" 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 annual information form for the year ended December 31, 2006 and dated March 26, 2007 which is available on SEDAR at www.sedar.com and is incorporated in its Registration Statement on Form 40-F filed with the United States Securities and Exchange Commission on October 30, 2007 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 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 annual information form for the year ended December 31, 2006 and dated March 26, 2007 which is available on SEDAR at www.sedar.com and is incorporated in its Registration Statement on Form 40-F filed with the SEC on October 30, 2007 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.

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