Timminco Limited

Timminco Limited

December 15, 2006 16:30 ET

Timminco Announces Appointment of President

TORONTO, ONTARIO--(CCNMatthews - Dec. 15, 2006) - Timminco Limited (TSX:TIM) announced today that John P. Walsh has been appointed President, Chief Executive Officer and a Director of Timminco Limited.

Until recently, Mr. Walsh was President of Ceramic Protection Corporation, a TSX-listed company specializing in the development, manufacture and sale of ceramic, polymer and composite products for use in military and industrial applications. Previously, he served as Chief Executive Officer of Alanx Wear Solutions, Inc., which was acquired by Ceramic Protection Corporation in 2004. Mr. Walsh graduated from Alfred University with a B.S. in Ceramic Engineering.

"The Board of Directors is very happy that John has accepted the offer to serve as President and Chief Executive Officer. John's experience at driving growth while increasing operational efficiencies will help Timminco in returning to profitability" said Heinz Schimmelbusch, Chairman of the Board.

Timminco also announced the promotion of Robert J. Dietrich who will serve as Executive Vice President while remaining as Chief Financial Officer.

Dr. Charles H. Entrekin resigned effective December 15, 2006 as President, Chief Executive Officer and a Director of the Company as he has accepted another position in the metals industry. "We wish Dr. Entrekin success in his new position" said Dr. Schimmelbusch.

Forward-Looking Statements

This news release contains forward-looking statements concerning the Company's business and operations. The Company cautions that, by their nature, forward-looking statements involve risk and uncertainty and the Company's actual results could differ materially from those expressed or implied in such statements. The Company disclaims any duty to update forward-looking statements other than through relevant future Management Discussions and Analyses. Reference should be made to the most recent Annual Information Form for a description of the major risk factors.

About Timminco

Timminco Limited is an international company, a world leader in the production and marketing of alloy magnesium, silicon metal and specialty ferrosilicon, calcium and strontium alloys. The Company's products are used in a broad range of specialized industrial applications and industries such as engineered extruded products, chemical, pharmaceutical, electronics, automotive and metallurgical. The Company's common shares are traded on the Toronto Stock Exchange under the symbol TIM.

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