Consolidated Thompson Iron Mines Limited announces that it has filed its unaudited interim financial statements on SEDAR and provides the following update:

1. Mine site development is progressing according to budget included in the feasibility study. Production is expected to begin in December 2009 and shipment in the first quarter of 2010. As at September 30th 2009, over USD 400 million had been spent on the development of the Bloom Lake mine including over USD 100 million in the last quarter.

2. As at September 30th 2009, the company had total cash resources (including restricted cash) of USD 363.7 million. During the quarter the Company raised over USD 365 million through private placements and sale of units of Bloom Lake LP