Historic Cobalt Corporation

January 19, 2007 12:30 ET

Canadian Mining Company Supports Northern Ontario Town With Generous Donation for a Mining-Themed Park and Playground and Heritage Walking Trail

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Jan. 19, 2007) - Teck Cominco Limited (TSX:TCK.A)(TSX:TCK.B)(NYSE:TCK) this week presented a gift of $300,000 to the Historic Cobalt Corporation in support the development of the Historic Cobalt Mining Camp, a hallmark Canadian heritage site that will bring additional tourism and modern economic development to the Town of Cobalt and the Township of Coleman.

The gift funds a new mining themed playground to be called Teck Cominco Prospect Park and the Keevil Walking Trail, a heritage walking path that circles Cobalt Lake. Both will open in the fall of 2007.

Donald R. Lindsay, President and Chief Executive Officer of the Canadian mining company Teck Cominco Limited was in Toronto this week to announce the special gift. Today the company was recognized by the Historic Cobalt Corporation and The Town of Cobalt for the valuable role the company has played in sharing its prosperity by supporting the development of the Historic Cobalt Mining Camp.

"We are pleased to be a partner in the initiative to create a world class heritage tourism destination in historic Cobalt. The park, playground and walking trail will provide a variety of opportunities for families to learn about Cobalt's history and the important contributions of mining to communities while enjoying the outdoors," said Don Lindsay.

Gino Chitaroni, Chair of the Board of Directors of the Historic Cobalt Corporation and a local town councillor, was on hand to accept the gift. Says Mr. Chitaroni, "It's a red letter day for Cobalt when a mining giant like Teck Cominco agrees to share our community's dream of revitalizing our regional economy through the creation of a tourist destination profiling our rich silver mining heritage resources. We wholeheartedly thank them."

Says Mayor Andre Belanger, "As the Mayor of the Town of Cobalt and someone who works in mining today I am very pleased to celebrate this important gift to our community from Teck Cominco Limited. This gift will help us commemorate our past as the silver capital of Canada and a place where many Canadian mining companies got their start." One such company was Silverfields Mining Corporation, founded by Dr. Norman Keevil Sr. in 1962 on sixty acres in Cobalt. That company evolved into the present-day Teck Cominco. Says Mayor Andre Belanger "This generous gift allows us to take pride in mining as a profession today. For us, mining is a way of being and we are proud to share it with the world. Come for a day and discover a century."

"Investing in the Historic Cobalt Mining Camp constitutes an investment into the rich culture and mining heritage of Cobalt and in fact, Northern Ontario," said Rick Bartolucci, Minister of Northern Development and Mines. "Today's announcement reflects an understanding of the importance of Northern Ontario's mining history."

"This is a great day for the Historic Cobalt Corporation, the Town of Cobalt and Coleman Township who have stewarded the Historic Cobalt Mining Camp to gain national status as a Heritage Site recognized as the silver capital of Canada," said Timiskaming-Cochrane MPP David Ramsay. "I want to thank Teck Cominco for its support of this important project and commend the company for its demonstrated interest in showcasing the pride and heritage of Canadian Mining and how it contributed to the economic success of this province and Canada."

Available for interviews;

Doug Shearer, Past Project Manager, Cobalt Municipal Councilor

For more information on the Historic Cobalt Mining Camp Project visit our website at www.historiccobalt.com.

To view the photo attached to this release please click on the following link: http://www.ccnmatthews.com/docs/0119tec.jpg

In the photo are (L-R) Gino Chitaroni, Board Chair, Historic Cobalt Corporation; Andre Belanger, Mayor, Town of Cobalt; Don Lindsay, President and CEO, Teck Cominco Limited; Norman Keevil III, Teck Cominco.

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