Dear shareholders,

In an effort to keep you up to date on all pertinent information regarding the resource sector and more specifically Molybdenum demand, please see the attached article by Tom Stundza of purchasing.com.

Molybdenum prices expected to rise 10% this year

By Tom Stundza -- Purchasing, 9/11/2008

Producers expect molybdenum prices to stay above $30/lb in 2008 because demand for the metal, which is used to strengthen steel, has strengthened in the face of six-month world crude steel production that has increased 5.7% (to 696.1 million metric tons) over the first six months of the year.

"The outlook for molybdenum demand continues to be good," Kevin Loughrey, CEO of producer Thompson Creek Metals in Denver tells Wall Street analysts in a conference call to discuss the company's second-quarter financial results. "The molybdenum market remains strong (and) prices have been very stable."

Loughrey says "the occasional customer is taking a bit less" this year, citing in particular "foundries that sell (castings) to the automotive industry." But, he adds, "most of our customers are taking toward the top end of what they're entitled to take."

Click here to view article in its entirety.

Regards,

AGORACOM Investor Relations