One of The World’s Largest Publicly Traded Pure Molybdenum Producers

December 8-11, 2008

Cautionary Statements

This presentation contains “forward-looking information” within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities legislation which may include, but is not limited to, statements with respect to the timing and amount of estimated future production. Often, but not always, forward-looking statements can be identified by the use of words such as “plans”, “expects”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, or “believes” or variations (including negative variations) of such words and phrases, or state that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Thompson Creek and/or its subsidiaries to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Such factors include those factors discussed in the section entitled “Risk Factors” in Thompson Creek’s current annual information form which is available on SEDAR at www.sedar.com and is incorporated in its Annual Report on Form 40-F filed with the United States Securities and Exchange Commission which is available at www.sec.gov. Although Thompson Creek has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results to differ from those anticipated, estimatedor intended. Forward-looking statements contained herein are made as of the date of this presentation and Thompson Creek does not undertake to update any such forward-looking statements, except in accordance with applicable securities laws. 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, readers are cautioned not to place undue reliance on forward-looking statements.

Readers should refer to Thompson Creek’s current annual information form which is available on SEDAR at www.sedar.com and is incorporated in its Annual Report on Form 40-F filed with the SEC which is available at www.sec.gov and subsequent continuous disclosure documents available at www.sedar.com and www.sec.gov for further information on mineral reserves and mineral resources, which is subject to the qualifications and notes set forth therein.

Cautionary Note to United States Investors Concerning Estimates of Measured, Indicated and Inferred Mineral Resources: This presentation uses the terms “Measured”, “Indicated” and “Inferred” Resources. United States investors are advised that while suchterms are recognized and required by Canadian regulations, the United States Securities and Exchange Commission does not recognize them. “Inferred Mineral Resources” have a great amount of uncertainty as to their existence, and as to their economic and legal feasibility. It cannot be assumed that all or any part of an Inferred Mineral Resource will ever be upgraded to a higher category. Under Canadian rules, estimates of Inferred Mineral Resources may not form the basis of feasibility or other economic studies. United States investors are cautioned not to assume that all or any part of Measured or Indicated Mineral Resources will ever be converted into Mineral Reserves. United States investors are also cautioned not to assume that all or any part of an Inferred Mineral Resource exists, or is economically or legally mineable.

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Thompson Creek Metals Company (NYSE: TC)

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Map of Properties

United States of America

Idaho

British Columbia

Canada

Pennsylvania

Endako (75%)• Open Pit Mine• Concentrator• Roasting Facility

Endako (75%)• Open Pit Mine• Concentrator• Roasting Facility

Davidson Deposit• High Grade• Underground Deposit

Davidson Deposit• High Grade• Underground Deposit

Thompson Creek• Open Pit Mine• Concentrator

Thompson Creek• Open Pit Mine• Concentrator

Langeloth• Metallurgical Facility

Langeloth• Metallurgical Facility

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Colorado

Mt. Emmons Deposit• High Grade• Underground Deposit

Mt. Emmons Deposit• High Grade• Underground Deposit

• One of the largest publicly traded, pure moly companies

• Measured + indicated mineral resources: 1 billion lbs Mo*

• Proven + probable mineral reserves: 500 million lbs Mo*

• Established North American operations. Experienced operations management. Excellent record of safety and environmental compliance

• 9m 2008 - Revenues: $829.8 million; Net Income: $207.8 million

• Strong cash position. Very low debt**

• Organic growth potential* Mineral resource estimates by Scott Wilson Roscoe Postle Associates for Thompson Creek Mine, Wardrop Engineering for Endako Mine, and Gary Giroux on the Davidson Deposit. Mineral reserves estimates by site personnel supervised by Ken Collison, P.Eng., Chief Operating Officer, Thompson Creek Metals. Estimates exclude potential resources and reserves at the Mt. Emmons deposit.** $18.7 million of equipment loans outstanding on Nov. 6, 2008.

Company Profile (NYSE: TC; TSX: TCM)

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Thompson Creek Metals Company:Mo Production 2005-2009*

0.0

5.0

10.0

15.0

20.0

25.0

30.0

35.0

2005 2006 2007 2008 2009

Mo

(mill

ion

lbs)

6

*Includes estimates for Thompson Creek Mine and 75% of Endako Mine but does not include any potential production from Davidson or from the Endako expansion project.

Production Estimates 2008-2009

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*Anticipated direct molybdenum oxide production costs per pound Mo. Assumes Canadian dollar exchange rate of US1 = C$1.20 for Endako costs

$8 - $9$7.50 - $8Endako Mine costs/lb*

$5 - $6$7Thompson Creek Mine costs/lb*

Components:

$6 - $7$7.30Molybdenum Oxide production costs*

Millions of pounds – contained Mo

25 – 26

8.5 – 9

16.5 – 17

2008

31.5 – 3416.4Total

7 - 87.1Endako (TC’s 75% share)

24.5 - 269.3Thompson Creek Mine

20092007

Thompson Creek Mine Idaho

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• Estimated production: 16.5 to 17 million lbs in 200824.5 to 26 million lbs in 2009

• Estimated cash costs (Mo oxide): $7 per lb in 2008 $5 to $6 per pound in 2009

• Measured + indicated mineral resources: 391 million lbs Mo*Additional inferred mineral resources: 132 million lbs Mo*

• Proven + probable mineral reserves: 209 million lbs Mo**

• Minimum 10-year life (2P mineral reserves)

• Part II of reserves re-evaluation underway

*Mineral resource estimates by Scott Wilson Roscoe Postle Associates based on a cut-off grade of 0.03%, as of September 30, 2007.**Mineral reserves estimates by site personnel supervised by Ken Collison, P.Eng., Chief Operating Officer, Thompson Creek, basedon a cut-off grade of 0.03%, an assumed molybdenum price of US$10 per pound and updated costs, as of December 31, 2007.

Thompson Creek Mine Key Facts

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Thompson Creek Mine Cross Section

10

1,000 feet

Previous mine plan

Current mine plan

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*Mineral reserves are as of December 31, 2007 and have been estimated by site personnel supervised by Ken Collison, P.Eng., Thompson Creek Chief Operating Officer, who is a qualified person as defined in National Instrument 43-101. Reserves are based on a cut-off grade of 0.03%, an assumed molybdenum price of US$10 per pound, and updated costs. **Mineral resource estimates are by Scott Wilson Roscoe Postle Associates, based on a cut-off grade of 0.03%, as of September 30, 2007. William E. Roscoe, P.Eng., and John T. Postle, P.Eng., are qualified persons as defined in National Instrument 43-101. 2P mineral reserve estimate is included in the M+I mineral resources. 11

CategoryReserves

Tonnes(million)

ProvenProbable2P Total

37.957.595.4

Grade(%Mo)0.1060.0950.099

Contained Mo(million lbs)*

88.5120.7209.2

CategoryResources

Tonnes(million)

MeasuredIndicatedM+I Total

69.6162.5232.1

Grade(%Mo)0.0870.0720.076

Contained Mo(million lbs)**

133.5258.0391.5

CategoryResources

Tonnes(million)

Inferred 139.5

Grade(%Mo)

0.043

Contained Mo(million lbs)*

132.2

Thompson Creek Mineral Reserves and Resources

Endako Operation British Columbia

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• Thompson Creek’s 75% share estimated Mo production: 8.5 to 9 million lbs in 20087 to 8 million lbs in 2009

• Estimated cash costs (Mo oxide): $7.50 to $8 per lb in 2008$8 to $9 per lb in 2009

Key Facts (100%):

– Mill capacity 28,000 tonnes/day

– Mine life of 27 years

– Measured and indicated mineral resource: 464 million lbs Mo*

– Proven and probable mineral reserves: 324 million lbs Mo**

*Mineral resource estimates by Wardrop Engineering Inc. based on a cut-off grade of 0.02%, as of April 30 2007.**Mineral reserves estimates by site personnel supervised by Ken Collison, P.Eng., Thompson Creek Chief Operating Officer, based on a cut-off grade of 0.02%, assumed molybdenum price of US$10 per pound, and updated costs, as of December 31, 2007.

Endako (75% owned)

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Endako

14

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*Mineral reserves are as of December 31, 2007 and have been estimated by site personnel supervised by Ken Collison, P.Eng., Thompson Creek Chief Operating Officer, who is a qualified person as defined in National Instrument 43-101. Reserves are based on a cut-off grade of 0.02%, an assumed molybdenum price of US$10 per pound, and updated costs. **Mineral resource estimates are by Wardrop Engineering Inc. based on a cut-off grade of 0.02%, as of April 30, 2007. Greg Mosher, P.Geo., is the qualified person as defined in National Instrument 43-101 for the resource estimates. 2P reserves estimate is included in the M+I resources estimate. Numbers may not add due to rounding. 15

CategoryReserves

Tonnes(million)

ProvenProbable2P Total

128.8164.0292.8

Grade(%Mo)0.0510.0490.050

Contained Mo(million lbs)*

145.4179.0324.4

CategoryResources

Tonnes(million)

MeasuredIndicatedM+I Total

138.0354.1492.1

Grade(%Mo)0.0500.0400.043

Contained Mo(million lbs)**

152.2311.8463.9

CategoryResources

Tonnes(million)

Inferred 76.2

Grade(%Mo)

0.033

Contained Mo(million lbs)*

56.2

Endako Mineral Reserves and Resources

Langeloth Metallurgical Facility

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• Roasting capacity approximately 35 million lbs per year of molybdenum oxide

• Major N. Am. producer of ferro-molybdenum

• Processing complex has 4 multiple-hearth Mo roasters

• 2 additional roasters committed to toll catalyst recycling involving other metals

• Low sustaining capex over the next decade

Langeloth Key Facts

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Davidson Project - Hudson Bay Mountain

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• Long-life, high-grade underground deposit near Smithers, B.C.

• M+I mineral resource 288 million lbs* contained Mo

• Project focused on processing ore at Endako, 200 kilometres away

• Application for environmental permit filed in September

• Project postponed until economic conditions improve

*Estimated by Gary Giroux, P.Eng., a qualified person under NI 43-101, as of April 10, 2007.

Davidson Project Key Facts

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Davidson Underground Workings – Cross Section

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Davidson Mineral Reserves and Resources

0.12 (0.20 MoS²) 77 0.169 288

0.18 (0.30 MoS²) 23 0.234 117

Cut-off Grade Tonnes Grade Contained Mo(% Mo) (million) (%Mo) (million lbs)*

*Mineral resources are estimated as of April 10, 2007 by Gary Giroux, P.Eng., a qualified person under NI 43-101. **Mineral reserves are proven and probable and are estimated as of December 31, 2007 by site personnel supervised by Ken Collison, P.Eng., Thompson Creek Chief Operating Officer, a qualified person under NI 43-101. Reserve estimates were limited to only 10 years for feasibility study on planned shipment of ore to Endako.

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Measured and Indicated Mineral Resources*

0.18 – 0.24% 7.3 0.265 43

Cut-off Grade Tonnes Grade Contained Mo(% Mo) (million) (%Mo) (million lbs)**

Proven and Probable Mineral Reserves – 10-Year Mine Plan**

Mount Emmons Deposit - Colorado

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• Largest, highest-grade undeveloped molybdenum deposit in the world

• Historical mineral resource: 760 million lbs contained Mo*

• Includes high-grade section: 190 million lbs contained Mo from 22.6 million tons grading 0.421% Mo at cut-off grade of 0.30% Mo*

• Well-delineated deposit. By 1983, $150 million had been spent on property development including approx. 190,000 feet of core drilling

• TCUSA is project manager with option to acquire 15% for $15 million, or 50%for $50 million, or 75% for $400 million incurred as payments (max. $6.5 million) to U.S. Energy or spending on the project.

• Management is in the initial stages of evaluating the property

*Historical mineral resource of 760 million lbs contained Mo, which was estimated in 1998 by Behre Dolbear & Company Inc. and summarized in Behre report of April 10, 2007, is based on 166,654,000 tons grading 0.228% Mo at cut-off grade of 0.12% Mo. Thompson Creek is not treating the historical estimate as a current mineral resource estimate under National Instrument 43-101. See Thompson Creek news release dated August 19, 2008.

Mt. Emmons Project Key Facts

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TC/TCM Common Shares (US$)

Recent share priceCurrent market cap52-week low/highShares outstandingShare optionsWarrants (C$9 exercise price)Shares fully dilutedDebt* (Nov. 5, 2008)Cash Balances (Nov. 5, 2008)Listings: NYSE:TC, TSX:TCM,* Equipment loans

Updated Dec. 2, 2008

Capital Structure

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$3.00$370 million$2.50/25.27122.7 million

8.3 million24.5 million

155.5 million$18.7 million

$244.1 millionFrankfurt: A6RWarrants: TCM.WT

Why Own Thompson Creek Metals?• Established world-class operations in North America with

significant mineral resources and reserves

• Strong cash position; low debt*

• Output from existing mines increasing significantly in 2009

• Expansion/development projects to contribute to production in 2010 and beyond

• Proven operations/management team committed to enhancing shareholder value

• Long-term moly prices supported by rising demand/new uses

*$18.7 million in equipment loans as of November 6, 2008.

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• Element 42 (symbol Mo) on periodic table

• Very high melting point (2,610 degrees Celsius)

• Strengthens steel, improves weldability, reduces brittleness

• Helps steel perform well in very high or low temperatures

• Powerful anti-corrosive in stainless and alloy steels

• Essential catalyst in petroleum refining for sulfur removal

• $9 billion industry at current moly prices

What is Molybdenum?

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Estimated World Demand for Molybdenum

Chemicals 14%

Superalloys 5%

Mo Metal 6%

Cast Iron 6%

Tool and Hi-SpeedSteel 6%

Stainless steel31%

Alloy steel(Oil-field tubular)32%

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Moly Prices 2003-2008

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Molybdenum Outlook• Short-term: demand/price affected by

downturn in steel sector

• Medium term: Market tightness and price strength likely to resume as world economy recovers

• Export regulations continue to restrict exports from China

• Development of most new mines will be delayed by financial crisis

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Structural Changes in Moly DemandA. Moly is a metal for developed economies • Rapid industrialization of China, India, Brazil, and Russia

B. Demand follows growth in wealth • Desalination plants/power generation/oil refineries

C. Industrial requirements demand better steels• Higher operating temperatures • Need for fuel economy drives improved strength-to-

weight ratios (ex. autos)

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Structural Changes in Moly Demand

D. Growing catalyst use in oil refineries • Higher sulfur content in refinery feedstock • Tougher sulfur emission standards for gasoline and

diesel

E. Limited substitution away from moly• Steel alloy formulas proven over time • Moly cost is less than the value of the benefits

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Applications

32Source: IMOA

Moly World Demand

33

2019

0

100

200

300

400

500

600

700

800

1960

1963

1966

1969

1972

1975

1978

1981

1984

1987

1990

1993

1996

1999

2002

2005

2008

2011

2014

2017

2020

ActualDemand

ProjectedDemand

Year

Mo,

mill

ions

lbs

4% Growth(per annum)

World demand projections assuming historical 4% average growth rate

World Molybdenum Production470 million+ lbs annually

By-product 50%

Primary 50%

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Top 10 Producers of Molybdenum

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Top 10 Producers* 2007 Output(million lbs Mo*)

71.261.936.233.130.528.722.318.814.18.9

Freeport/Phelps Dodge**CodelcoGrupo Mexico****Rio Tinto/KennecottChina MolybdenumJinduichengAntofagastaThompson Creek***AntaminaCollahuasi

*Source: CRU, contained molybdenum, by operator** Includes all of Cerro Verde output (Freeport owns 53%)***Includes all of Endako (Thompson Creek owns 75%)****Includes Southern Copper and Asarco operations

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World Molybdenum Supply Trends

• Falling production at several by-product mines

• Limited immediate additional capacity

• Green field sites take time- Financing- Permitting- Equipment and staffing

World Molybdenum Supply Trends

3737

2008FreeportCodelcoRTZ/KennecottG.d.Mexico/SPCThompson CrkLos PelambresAntaminaCollahuasi

+---+---

2009---++--+

2010-+-++--+

2008 – 2010• Limited growth from by-product mines• Change versus 2007 production level:

China

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• Large reserves, significant potential supply

• Government regulation limiting exports – Eliminated duty rebates in August 2005– Applied export tariffs in November 2006– Implemented export quotas in June 2007– Raised export tariffs in January 2008

• Quotas are reducing moly net exports

• High rate of internal moly demand may eliminate all exports by 2013

Net Exports from China

39

0

20

40

60

80

100

120

2000 2002 2004 2006 2008 Nine

MonthsAnnualized

ExportsImportsNet Exports

Mill

ions

lbs.

Mo

Thompson CreekIdaho

Metallurgical FacilityLangeloth,Pennsylvania

Davidson DepositBritish Columbia

EndakoBritish Columbia

One of the World’s Largest Publicly TradedPure Moly Producers (NYSE:TC, TSX:TCM)

One of the World’s Largest Publicly TradedPure Moly Producers (NYSE:TC, TSX:TCM)

Appendix

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• Kevin Loughrey, Thompson Creek Metals Company Chairman & CEO:approximately 26 years industry experience, former VP, General Counsel, Secretary Cyprus Amax

• Ian J. McDonald, Thompson Creek Metals Company Vice-Chairman:former Chairman & CEO Wheaton River; 19 years experience managing mineral resource companies

• Pamela L. Saxton, Thompson Creek Metals Company CFO: former VP Finance, U.S. Operations, Franco-Nevada; more than 30 years financial and accounting experience in mineral resource industry

• Ken Collison, Thompson Creek Metals Company COO: former VP, Coeur d’Alene Mines responsible for developing $155 million Kensington Gold Project; senior operations position with Rio Algom

• Mark A. Wilson, Thompson Creek VP Marketing: formerly with Climax Molybdenum Co., Goldbelt Resources (President, CEO, CFO); Cyprus Minerals Co.

Management Team

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Molybdenum (Products and Uses)

43

Mine

Ore

Milling

Concentrate(Molybdenum

Disulfide)

High-PurityMolybdenum

Disulfide

Roasting

Technical Grade

Molybdenum Trioxide

Lubricating Oils and Greases

Additives

Waste Tailings

Thompson Creek Operations

Molybdenum (Products and Uses)

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Sublimation

Technical Grade

Molybdenum Trioxide

Pure Oxide

Ferromolybdenum Reduction

Ferromolybdenum

Reduction

CatalystsPetro-Chemical

Mo Metal

SuperalloysLighting Products

ElectronicsMolybdenum Metal Products

High-Temperature Applications

Foundries & Steel Mills

Stainless SteelAlloy Steels

Tool, Hi-Speed SteelCast Irons

Thompson Creek Operations

PowderBriquettes

Molybdenum (Products and Uses)

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Technical Grade

Molybdenum Trioxide

ChemicalManufacturing

Corrosion InhibitorsAgriculture

MicronutrientsPigments, Surface

CoatingsHealth Micronutrients

Ammonium Molybdates

CeramicsNanomaterials

SodiumMolybdates

Other, Carbides, Silicides

Smoke SuppressantsPigments

CatalystsPetro-Chemical

Calcining

Pure Oxide

Thompson Creek Operations

• New cars: Desire for fuel savings and improved crash-test results causing use of stronger, lighter steel alloys(0.9 lb Mo/new car)

• Refinery catalysts: Government regulations forcing reduction of sulfur in gasoline and diesel fuels – hence greater use of molycatalysts at petroleum refineries

• Project Economics: Strength-weight concerns and cost savings driving new use of Mo-bearing high-strength steels in industrial applications*

• Nuclear: Moly mandated for pipe retrofits at existing plants;Each new plant needs 400,000 - 500,000 lbs of Mo

* Example: Newer pipeline steel allows thinner walls for same throughput pressure; if it contains 0.25% Mo and is 30-inch diameter with 5/8-inch wall thickness, a 1,000-mile pipeline requires 2.5 million lbs Mo

Growing Uses for Molybdenum

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Comparables: Pure Moly Players

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Thompson Creek* China Molybdenum** Jinduicheng***

H1 2008 Revenues US$286 million* US$475 million US$490 million

Market capitalization US$370 million US$1.6 billion US$3.7 billion

H1 2008 Profit US$107 million US$198 million US$247 million

H1 2008 Profit/share US$0.82 US$0.036 US$0.106

* Thompson Creek Metals Company reported first-half 2008 results in U.S. dollars on August 7, 2008. Reported revenues of $498.7 million included sales of third-party molybdenum whereby concentrate was purchased, roasted and sold by the company. However, excluding such third-party sales, the company’s sales of its own mined molybdenum were $286 million. Market capitalization is based on 122.7 million common shares outstanding and share price of US$3.00. On a fully diluted basis, assuming exercise of warrants and employee stock options outstanding, the number of shares outstanding would be 155.5 million and market capitalization on this basis would be US$466 million.

** China Molybdenum on August 24, 2008 reported sales of RMB3.3 billon, net earnings of RMB1.39 billon and earnings per share of RMB0.26 for the first half of 2008. Exchange rate used for conversion is RMB7.0 per U.S. dollar. Market capitalization is based on 4.9 billion shares outstanding, share price of HK$2.50, and exchange rate of HK$7.8 per U.S. dollar. The company’s shares are traded on the Hong Kong Exchange under symbol 3993.

*** Jinduicheng (JDC) on July 21, 2008 reported sales of RMB3.4 billion, net earnings of RMB1.73 billion and earnings per share of RMB0.74 for the first half of 2008. Market capitalization is based on 2.7 billion shares outstanding and share price of RMB9.60. Exchange rate used for the conversion is RMB7.0 per U.S. dollar. JDC’s shares are traded on the Shanghai Stock Exchange under the symbol 601958.

Molybdenum Production Comparison

Thompson Creek* 24.7 16.3 25.0-26.0 31.5-34.0China Molybdenum** 22.6 27.6 32.0 37.0

Jinduicheng*** 27.9 28.2 28.0 30.0

(million lbs contained Mo)

2006 2007 2008 2009

*Thompson Creek estimates include only 75% of Endako and exclude potential Davidson production in 2009.** Main First Securities Research estimates for 2008 and 2009, published August 28, 2008. Most of the expected increase in production in 2009 is from the anticipated acquisition of other molybdenum producers in China. *** Jinduicheng (JDC) statistics for 2006 and 2007 from 2007 annual report released April 29, 2008. Estimates for 2008 and 2009 were provided by the company.

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Thompson Creek Mine

49

Thompson Creek Mine

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Thompson Creek Mine

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