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Last updated on April 23, 2014 at 20:10 EDT

Thompson Creek Closes $350 Million Senior Secured Notes Offering

November 28, 2012

NYSE: TC
TSX: TCM

DENVER, Nov. 28, 2012 /PRNewswire/ – Thompson Creek Metals Company Inc. (the
“Company” or “Thompson Creek”)  today announced the closing of its
previously announced offering of $350,000,000 aggregate principal
amount of its 9.75% Senior Secured First Priority Notes due 2017
(“Senior Secured Notes”).  The Senior Secured Notes offering closed on
November 27, 2012.

The Company intends to use the proceeds from the offering for general
corporate purposes, including capital expenditures relating to the
development of its Mt. Milligan copper-gold mine.   In connection with
the closing of this offering, the Company terminated its revolving
credit facility, under which no debt is outstanding.

The Senior Secured Notes are fully and unconditionally guaranteed by
certain wholly-owned subsidiaries of the Company.  The Senior Secured
Notes and the related guarantees are secured by a first-priority lien
subject to permitted liens on substantially all of the Company’s and
the guarantors’ property and assets.  The Senior Secured Notes are not
convertible into equity of Thompson Creek.

Deutsche Bank Securities Inc. served as the sole book-running manager of
the Senior Notes offering.

About Thompson Creek Metals Company Inc.

Thompson Creek Metals Company Inc. is a growing, diversified North
American mining company.   The Company produces molybdenum at its
100%-owned Thompson Creek Mine in Idaho and Langeloth Metallurgical
Facility in Pennsylvania and its 75%-owned Endako Mine in northern
British Columbia. Its principal executive office is in Denver, Colorado
and its Canadian administrative office is in Vancouver, British
Columbia.

Cautionary Note Regarding Forward-Looking Statements

This news release contains ”forward-looking statements” within the
meaning of the United States Private Securities Litigation Reform Act
of 1995 and applicable Canadian securities legislation. 
Forward-looking statements include statements with respect to: the
actual or anticipated timing or amount of securities offerings, the
terms of the securities offered, future financial or operating
performance of Thompson Creek or its subsidiaries and its projects;
future inventory, production, sales, cash costs, capital expenditures
and exploration expenditures; future earnings and operating results;
expected concentrate grades, and recovery; statements as to the
projected development of Mt. Milligan and other projects, including
expected production commencement dates; Mt. Milligan development costs;
operating goals of Thompson Creek or its subsidiaries; and future
molybdenum prices.

Such forward-looking statements involve known and unknown risks,
uncertainties and other factors which could cause actual results to
differ materially from any future results, performance or achievements
expressed or implied by the forward-looking statements.  Such factors
include, among others, risks related to whether the offered securities
will be sold, general business, economic, competitive, political and
social uncertainties including global economic conditions; volatility
in molybdenum prices; labor cost and materials cost fluctuations;
foreign currency fluctuations; energy price fluctuations; project
delays; title disputes or claims; limitations of insurance coverage;
changes in governmental regulation of mining operations; risks related
to the volatility of Thompson Creek’s share price; changes in
environmental regulation; actual results of current exploration
activities; actual results of reclamation activities; conclusions of
economic evaluations; changes in project parameters as plans continue
to be refined; possible variations of ore grade or recovery rates;
mining and processing conditions; construction delays and related
disruptions in production; costs of capital expenditures; industrial
accidents; weather and geological related conditions; permitting and
regulatory matters (including penalties, fines, sanctions and
shutdowns); and failure of plant, equipment or processes to operate as
anticipated.  Additional factors that could cause Thompson Creek’s
results to differ from those described in the forward-looking
statements can be found in the section entitled ”Risk Factors” in
Thompson Creek’s Annual Report on Form 10-K and in Part II, Item 1A of
Thompson Creek’s Quarterly Reports on Form 10-Q, and subsequent
documents filed on EDGAR at www.sec.gov and on SEDAR at www.sedar.com.  Forward-looking statements contained herein are made as of the date
of this news release and Thompson Creek disclaims any obligation to
update any forward-looking statements, whether as a result of new
information, future events or results or otherwise, except as required
by law.  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, the
reader is cautioned not to place undue reliance on forward-looking
statements.

Pamela Solly
Director, Investor Relations
Thompson Creek Metals Company Inc.
Tel: (303) 762-3526
psolly@tcrk.com

Christine Stewart
Renmark Financial Communications Inc.
Tel: (416) 644-2020
cstewart@renmarkfinancial.com

SOURCE Thompson Creek Metals Company Inc.


Source: PR Newswire