Consolidated Thompson Iron Mines ltee
TSX : CLM

Consolidated Thompson Iron Mines ltee

10 oct. 2008 17h19 HE

Consolidated Thompson fournit mise à jour

TORONTO, ONTARIO--(Marketwire - 10 oct. 2008) - Consolidated Thompson Iron Mines limitée (TSX:CLM) (" CLM " ou la " Compagnie ") a annoncé aujourd'hui que l'Autorité des marchés financiers (Québec) a allégué dans des procédures que le président et le chef de la direction de la Compagnie, Richard Quesnel, a acheté 30,000 actions de la Compagnie alors qu'il disposait d'informations privilégiées, en mars 2006, et qu'il a fait défaut de déclarer ces achats conformément à la loi.

M. Quesnel a l'intention de se défendre vigoureusement face à ces allégations et a produit un plaidoyer de non-culpabilité. M. Quesnel continuera à agir comme président et chef de la direction et comme administrateur de la Compagnie pendant qu'il poursuit sa défense à ces allégations.

Concernant Consolidated Thompson Iron Mines limitée

Consolidated Thompson Iron Mines limitée est une société d'exploration et de mise en valeur. Il y a environ 119 millions d'actions de la Compagnie en circulation, actions qui se négocient sur le parquet de la TSX sous le symbole CLM. De plus amples informations peuvent être obtenues en consultant le site internet à l'adresse suivante www.consolidatedthompson.com.

Except for statements of historical fact relating to the Company, certain information contained herein constitutes "forward-looking information" under Canadian securities legislation. Forward-looking information includes, but is not limited to, statements with respect to the allegations; potential consequences of the allegations; and the strategy, timing and intention of defending the allegations. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made. Estimates regarding the allegations are based on legal advice received by the Company. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Consolidated Thompson to be materially different from those expressed or implied by such forward-looking information, including but not limited to risks described in the annual information form of the Company posted under the profile of the Company on SEDAR at www.sedar.com. Although management of Consolidated Thompson 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. Consolidated Thompson does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

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