Timminco Limited

Timminco Limited

November 14, 2011 08:14 ET

Timminco Announces Change of Auditor

TORONTO, ONTARIO--(Marketwire - Nov. 14, 2011) - Timminco Limited ("Timminco" or the "Company") (TSX:TIM) announced that the Board of Directors of the Company, based on the recommendation of its Audit and Risk Committee and subject to compliance with all applicable statutory requirements, has appointed Deloitte & Touche LLP ("Deloitte") as the auditor of the Company. At the request of the Company, Ernst & Young LLP ("E&Y") resigned as the auditor of the Company. Deloitte will perform the audit of the Company's annual financial statements for the year ended December 31, 2011.

There have been no reservations contained in E&Y's reports on any of the Company's financial statements relating to the financial years ended December 31, 2009 and 2010 or any subsequent period, and there are no reportable events, as such term is defined in National Instrument 51-102, between the Company and E&Y. The Company will be filing the required reporting package in accordance with National Instrument 51-102.

About Timminco

Timminco produces silicon metal for the chemical (silicones), aluminum and electronics/solar industries, through its 51%-owned production partnership with Dow Corning, known as Québec Silicon. Timminco is also a producer of solar grade silicon, using its proprietary technology for purifying silicon metal, for the solar photovoltaic energy industry, through Timminco Solar, a division of its wholly owned subsidiary Bécancour Silicon.

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