Ms. Pamela Solly reports

THOMPSON CREEK METALS COMPANY TO PLACE ENDAKO MOLYBDENUM MINE ON CARE AND MAINTENANCE

Thompson Creek Metals Company Inc. and its joint venture partner, Sojitz Moly Resources Inc., have agreed to place the Endako molybdenum mine on care and maintenance, effective July 1, 2015, due to continued weakness in the molybdenum market. Thompson Creek holds a 75-per-cent interest in the Endako mine, and Sojitz holds the remaining 25-per-cent interest. In connection with the placement of the mine on care and maintenance, approximately 270 employees will be terminated.

The company estimates that its share of total costs at the Endako mine for 2015, which includes temporary suspension costs through July 1, expected care and maintenance costs for the rest of 2015, and one-time severance costs for the reduction in work force, will be approximately $20-million, using an exchange rate of $1 (U.S.) equals $1.22 (Canadian). The company estimates that its share of care and maintenance costs in 2016 will be approximately $4-million to $5-million, using the same exchange rate. With the placement of the Endako mine on care and maintenance, the company expects total cash flow from its molybdenum business in 2015 to be approximately $10-million to $15-million.

Jacques Perron, president and chief executive officer of Thompson Creek, commented: "When we announced our decision to place Endako mine on temporary suspension as of year-end 2014, we had hoped for some recovery in the molybdenum market. Nonetheless, market conditions have remained weak through May and are likely to remain so for the foreseeable future. The current and expected molybdenum price cannot support profitable operations at Endako mine, and, as a result, we believe the best course of action is to place the mine on care and maintenance. We will continue to closely monitor market conditions and re-evaluate the status of the mine as market conditions warrant. We would like to express our gratitude to our employees, joint venture partner and all stakeholders during this challenging time."

We seek Safe Harbor.