Consolidated Thompson-Lundmark Gold Mines Limited
TSX VENTURE : CLM

Consolidated Thompson-Lundmark Gold Mines Limited

April 11, 2006 12:49 ET

Consolidated Thompson-Lundmark Gold Mines Limited: Clarification of Press Release of April 4, 2006 Regarding Bloom Lake Feasibility Study

TORONTO, ONTARIO--(CCNMatthews - April 11, 2006) - Consolidated Thompson-Lundmark Gold Mines Limited (TSX VENTURE:CLM) ("CLM" or "the Company"): The April 4th, 2006 press release regarding the Company's recently completed Feasibility Study ("FS") made mention of a previously completed NI 43-101 report of the Bloom Lake Property by the consulting firm Watts Griffis and McOuat Limited ("WGM"). The Company would like to clarify that WGM's role in the Bankable Feasibility Study was limited to supplying the original Mineral Resource estimate (which is available on SEDAR, filed on May 31st 2005, technical report). As part of the FS, Breton Banville & Associates ("BBA") has used Geostat Systems International Inc. to verify WGM's Mineral Resource estimate and used the WGM resource estimate to determine and classify the Mineral Reserves in accordance with NI 43-101. BBA is an International engineering firm based in Montreal with expertise in mining and mineral processing.

As mentioned in the April 4th press release, the Company now plans to initiate project financing and begin the permitting process with the aim of going into production by late 2008 at a rated capacity of 5 million tonnes of iron ore concentrate per year.

The Bloom Lake Iron Ore Property is located in Normanville Township, Duplessis County, Province of Quebec, on the south end of the Labrador Trough, approximately 400 km north of Sept-Iles and 10 km north of the Mount-Wright iron mining operation of Quebec Cartier Mining Company. With a pre-tax internal rate of return of 40.2%, an NPV (at 5% discount rate) of US$ 888 million, and total undiscounted Cash Flow of US $ 1.6 billion using average pricing of US $ 0.59 per iron unit, the Feasibility Study indicates that the Bloom Lake project presents potential for a very attractive return to its shareholders.

Consolidated Thompson-Lundmark Gold Mines Ltd. is an exploration and development company. A positive bankable feasibility study and the quality and size of the Bloom Lake deposit reflects the Company's ability to advance the project and other opportunities in the Iron Ore area. The Company has approximately 17.2 million shares outstanding and trades on the TSX Venture exchange under the symbol (CLM). Any further information can be accessed at the company's website at www.consolidatedthompson.com.

THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS PRESS RELEASE.

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