Consolidated Thompson Iron Mines Limited
TSX VENTURE : CLM

Consolidated Thompson Iron Mines Limited

August 22, 2007 10:08 ET

Consolidated Thompson Appoints Brad Boland as Chief Financial Officer

TORONTO, ONTARIO--(Marketwire - Aug. 22, 2007) -

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR DISSEMENATION IN THE UNITED STATES

Consolidated Thompson Iron Mines Ltd. (TSX VENTURE:CLM) ("CLM", "Consolidated Thompson" or the "Company") is pleased to announce that Brad Boland has been appointed as Chief Financial Officer of the Company.

Mr. Boland is a seasoned financial professional, with a wide array of experience in the mining industry. Prior to joining CLM, Mr. Boland served as Vice President, Corporate Controller of Kinross Gold Corporation, and previously held the position of Vice President, Finance of Goldcorp Inc.

Mr. Boland is a CMA, and holds an Honours Bachelor of Business Administration degree from Wilfrid Laurier University.

Richard Quesnel, President & CEO of Consolidated Thompson says; "As we grow larger as exemplified by our recent $200 Million financing, it is crucial that we continue to build our first class team. We are very pleased to have added the tremendous experience of Mr. Boland to our group, and continue to remain on a fast track schedule in developing the Bloom Lake Iron Ore Project."

About Consolidated Thompson:

Consolidated Thompson Iron Mines Ltd. is an exploration and development company. CLM holds the Bloom Lake Iron Ore Property which is located in the Normanville Township, Duplessis County, Province of Quebec, on the south end of the Labrador Trough (approximately 400 km north of Sept-Iles). The Bloom Lake deposit is situated approximately 10 km north of the Mount-Wright iron ore mining operation of Quebec Cartier Mining Company. More at www.consolidatedthompson.com.

Cautionary Note Regarding Forward-Looking Information: This press release contains "forward-looking information", within the meaning of applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, statements with respect to the use of proceeds of the offering, the Underwriters' exercise of their option to acquire additional securities, future financial or operating performance of the Company and its projects, the timing and amount of, and expenses related to, estimated future production, and government regulation of mining operations.. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results to be materially different from those expressed or implied by such forward-looking information, including but not limited to: general business, economic, competitive, political and social uncertainties; changes in project parameters as plans continue to be refined; delays in obtaining governmental approvals or required financing or in the completion of development or construction activities, as well as those factors discussed in Company's annual information form for the year ended June 30, 2006. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

Neither the TSX Venture Exchange nor any other regulatory body has reviewed and therefore does not accept responsibility for the adequacy or accuracy of this release.

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