Mr. Jacques Perron reports

THOMPSON CREEK REPORTS 2015 PRODUCTION RESULTS AND ANNOUNCES 2016 GUIDANCE

Thompson Creek Metals Company Inc. has released its production and sales results for the three and 12 months ended Dec. 31, 2015. Total concentrate production for Mount Milligan for the three months ended Dec. 31, 2015, was 39,100 dry tonnes, with 19.5 million pounds of payable copper and 58,300 ounces of payable gold, which represents an increase of approximately 8 per cent and 42 per cent, respectively, from payable copper and gold production for the three months ended Dec. 31, 2014. Total concentrate production for Mount Milligan for the 12 months ended Dec. 31, 2015, was 140,700 dry tonnes, with 71.4 million pounds of payable copper and 218,100 ounces of payable gold, which represents increases of approximately 11 per cent and 23 per cent, respectively, from payable copper and gold production for the 12 months ended Dec. 31, 2014.

During the three and 12 months ended Dec. 31, 2015, the company completed three and 15 shipments of copper and gold concentrate, respectively, and recognized three and 15 sales, respectively.

                               2015 PRODUCTION RESULTS

                                       Q1 2015 Q2 2015 Q3 2015 Q4 2015 Fiscal 2015
Mount Milligan mine
Average daily mill throughput (tonnes)  39,569  44,940  44,077  48,176      44,214
Mill availability (%)                     87.3%   91.2%   90.2%   90.6%       89.8%
Copper ore grade (%)                      0.26%   0.28%   0.25%   0.27%       0.26%
Copper recovery (%)                       79.3%   85.5%   76.1%   79.3%       80.2%
Copper payable production (million lb)    15.4    20.2    16.3    19.5        71.4
Copper sold (million lb)                  14.8    21.2    24.4    16.1        76.5
Gold ore grade (g/t)                      0.63    0.65    0.64    0.63        0.64
Gold recovery (%)                         66.7%   72.7%   67.3%   67.3%       68.6%
Gold payable production (000 ounces)      46.1    59.9    53.8    58.3       218.1
Gold sold (000 ounces)                    36.8    57.9    75.4    51.8       221.9
Molybdenum sold
Company mines
Molybdenum sold (million lb)               2.5     0.6     0.6     0.2         3.9
Third party sourced                        1.8     1.6     2.4     2.4         8.2
Total molybdenum sold (million lb)         4.3     2.2     3.0     2.6        12.1

"We are very pleased with our 2015 achievements, including our company-wide safety performance and operational performance at the Mount Milligan mine," said Jacques Perron, president and chief executive officer of Thompson Creek. "Our safety performance improved tremendously compared to previous years, which is directly attributable to the hard work and dedication of our employees. We praise all of our employees as they have embraced our objective to make Thompson Creek one of the safest mining companies in the industry."

During December, average daily mill throughput at the Mount Milligan mine was 51,677 tonnes, with an average of 45,097 tonnes during the first half of the month and 57,847 tonnes during the second half of the month. Additionally, average daily mill throughput for the last week of December was 61,212 tonnes, with the highest day in December of 64,478 tonnes. To date in January, daily mill throughput has averaged 59,862 tonnes. The company expects mill throughput to fluctuate from time to time due to maintenance shutdowns and other operational matters, and results for any period are not necessarily indicative of future results.

"At the Mount Milligan mine, we achieved our goal and completed the ramp-up process at year-end 2015 with average daily mill throughput above 60,000 tonnes," said Mr. Perron. "This is a great achievement and we thank all of our employees for their tenacity during this two-year endeavour. We look forward to continuing to optimize the operation and expect to make a decision on the construction of the permanent secondary crusher during the first quarter of 2016.

"We expect to announce our 2015 financial results in late February and anticipate our 2015 unit cash cost at the Mount Milligan mine on a byproduct basis to be at the low end of guidance."

The table reflects the company's production and cost guidance for fiscal year 2016. The payable production estimates are based on the 2016 mine plan at the Mount Milligan mine. Based on recent and continuing weakness in the copper price and the relative strength of the gold price, together with management's expectations of metals prices in 2016, the mine plan will emphasize production from zones with a higher gold grade.

                                2016 PRODUCTION AND CASH COST GUIDANCE   
 
                                                                 Year ending Dec. 31, 2016 (estimated)
Mount Milligan mine copper and gold
Concentrate production (000 dry tonnes)                                                       125-135
Copper payable production (000 lb)                                                      55,000-65,000
Gold payable production (000 oz)                                                              240-270
Unit cash cost -- byproduct ($/payable lb copper produced)                                $0.25-$0.70
Cash capital expenditures ($ in millions, plus or minus 10%)
Mount Milligan operations                                                                          $5
Mount Milligan tailings dam                                                                       $20
Mount Milligan secondary crusher                                                                  $27
Total capital expenditures                                                                        $52

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