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johnlw

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johnlw

Re: Tackler post# 124

Wednesday, 11/22/2006 9:02:55 PM

Wednesday, November 22, 2006 9:02:55 PM

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Cons Thompson signs Wabush mines agreement

2006-11-22 09:49 ET - News Release

Mr. Richard Quesnel reports

CONSOLIDATED THOMSON ENTERS INTO EXCLUSIVITY AGREEMENT WITH THE OWNERS OF WABUSH MINES

Consolidated Thompson Iron Mines Ltd. today entered into an agreement with the current equity owners of Wabush mines, consisting of various subsidiary companies of Stelco Inc., Dofasco Inc. and Cleveland Cliffs Inc.

This agreement provides for a period of exclusivity in which Consolidated will complete a due diligence review of the Wabush assets, and explore synergies that may exist between Wabush mines assets and the consolidated assets currently under development at Bloom Lake.

The exclusivity period extends to Jan. 12, 2007.

We seek Safe Harbor.
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