Mr. Jacques Perron reports

THOMPSON CREEK REPORTS FIRST QUARTER 2016 PRODUCTION AND SALES RESULTS

Thompson Creek Metals Company Inc. has released its production and sales results for the three months ended March 31, 2016. Total concentrate production for Mount Milligan for the three months ended March 31, 2016, was 40,100 dry tonnes, with 19.1 million pounds of payable copper and 53,300 ounces of payable gold, which represents an increase of approximately 24 per cent and 16 per cent, respectively, from payable copper and gold production for the three months ended March 31, 2015.

During the three months ended March 31, 2016, the company completed three shipments of copper and gold concentrate.

     
                                         Q1 2016   Q1 2015
Copper and gold                                      
Mount Milligan mine                                  
Average daily mill throughput (tonnes)    58,099    39,569 
Mill availability (%)                       96.6      87.3                                                 
Copper ore grade (%)                        0.23      0.26  
Copper recovery (%)                         75.0      79.3  
Copper payable production (million lb)      19.1      15.4  
Copper sold (million lb)                    15.0      14.8                                                      
Gold ore grade (g per tonne)                0.55      0.63  
Gold recovery (%)                           59.3      66.7  
Gold payable production (000s ounces)       53.3      46.1  
Gold sold (000s ounces)                     44.4      36.8    

During the first quarter of 2016, daily mill throughput at Mount Milligan averaged 58,099 tonnes, compared with 39,569 tonnes for the first quarter of 2015. Mill availability was 96.6 per cent, compared with 87.3 per cent for the same period in 2015.

"Operationally, Mount Milligan had a very good quarter compared to one year ago," said Jacques Perron, president and chief executive officer of Thompson Creek. "The modifications and enhancements that were made in 2015 to remedy operational challenges experienced during the first quarter of last year proved successful, and, as a result, daily mill throughput increased 47 per cent, and copper and gold payable production increased 24 per cent and 16 per cent, respectively, compared to the first quarter of 2015. Copper and gold recoveries for the first quarter of 2016 were in line with our expectations and lower compared to the first quarter of 2015, primarily as a result of changes in the operational conditions resulting from increased throughput. Gold recoveries were further impacted as a result of lower gold grades compared to the first quarter of last year. During 2015, our primary focus at Mount Milligan was to increase daily mill throughput, and thanks to the hard work of our team, we achieved this objective. For 2016, we will continue to optimize the mine and mill operations to increase recoveries, and we are confident that we will achieve this objective as well."

Mr. Perron added, "Activities in connection with the construction of the permanent secondary crushing circuit are going well and remain on schedule, and, as previously disclosed, we expect to complete construction and commissioning by the end of this year."

We seek Safe Harbor.