Timminco Limited
TSX : TIM

Timminco Limited

October 26, 2007 16:05 ET

Timminco Announces Resignation of Director

TORONTO, ONTARIO--(Marketwire - Oct. 26, 2007) - Timminco Limited ("Timminco") (TSX:TIM) announced that Mr. J. Thomas Timmins has resigned as a director of Timminco, for personal reasons. On behalf of the Board of Directors of Timminco, Dr. Heinz Schimmelbusch, Chairman of the Board and Chief Executive Officer, expressed his appreciation for the guidance that Mr. Timmins has provided to the Board.

FORWARD-LOOKING STATEMENTS

This news release contains forward-looking statements concerning Timminco's business and operations. Timminco cautions that, by their nature, forward-looking statements involve risk and uncertainty and that Timminco's actual results could differ materially from those expressed or implied in such statements.

There are financial and operational risks inherent in the business, which include, but are not limited to: commodity prices, currency exchange, interest rates, capital, credit, regulatory, political, operational and environmental risks. Timminco takes specific measures to manage anticipated risks, and any forward-looking statements in this news release were based on the assumption of no significant changes or trends with respect to such risk factors. However, there can be no assurance that future developments affecting Timminco will be those anticipated by Timminco. Although Timminco maintains insurance against risks that are typical in its industry, such insurance may not provide adequate coverage under all circumstances. Reference should be made to the most recent Management Discussions and Analyses for a description of the major risk factors. Timminco disclaims any duty to update forward-looking statements other than through relevant future Management Discussions and Analyses.

ABOUT TIMMINCO

Timminco is a leader in the production of silicon metal for the electronics, chemical and aluminum industries. Timminco has also commenced production of solar grade silicon metal. Other businesses include the production and marketing of magnesium, calcium and strontium alloys and magnesium extruded and fabricated products. Timminco's products are used in a broad range of specialized industrial applications and industries such as electronics, solar energy, chemical, engineered extruded products, pharmaceutical, automotive and metallurgical. Timminco's common shares are traded on the Toronto Stock Exchange under the symbol TIM.

Contact Information

  • Timminco Limited
    Robert Dietrich
    Executive Vice President-Finance and Chief Financial Officer
    (416) 364-5171
    (416) 364-3451 (FAX)
    Email: rdietrich@timminco.com