Mr. Jacques Perron reports

THOMPSON CREEK ANNOUNCES REPURCHASE OF $34-MILLION OF 9.75% SENIOR SECURED NOTES DUE DECEMBER 1, 2017

During the second quarter of 2015, Thompson Creek Metals Company Inc. repurchased and retired $34.2-million principal amount of its 9.75-per-cent senior secured notes due Dec. 1, 2017, at an average purchase price of 1.07 per cent of the note par value. Total cash used was approximately $37.8-million, inclusive of the payment of accrued interest to the repurchase date of $1.2-million. Future interest savings from this repurchase to the December, 2015, call date will be approximately $800,000, representing a net average purchase price of 1.024 per cent of par compared with the call price of 1.04875 per cent of par, with future interest savings to the December, 2017, maturity date of $8.2-million. Since the completion of the Mount Milligan mine to June 30, 2015, the company has repaid and retired 12 per cent of its debt balance, or approximately $121-million, including the net repayments of its capital lease obligations. The company's target is to reduce its debt over time to approximately three times earnings before income taxes, depreciation and amortization for a 12-month period.

The company's June 30, 2015, cash and cash equivalents balance was approximately $211-million, compared with $238-million at March 31, 2015. Excluding the impact of the note repurchase announced herein, the company's cash balance increased by approximately $10-million during the second quarter of 2015.

Jacques Perron, president and chief executive officer of Thompson Creek, said: "During the second quarter, we saw continual operational improvements at Mount Milligan, which we believe will continue throughout the remainder of the year. Based on this assessment and our strong cash position, we were able to deploy capital for additional bond repurchases as part of our plan to reduce our debt. We believe these additional bond repurchases illustrate our continuing ability to take advantage of opportunities in the financial markets to pro-actively strengthen and delever our balance sheet. We will continue to actively evaluate and execute our debt reduction and refinancing measures to reduce interest costs and to extend the maturities of our bonds."

We seek Safe Harbor.