Consolidated Thompson Iron Mines Ltd. (TSX VENTURE:CLM) ("Consolidated
Thompson", "CLM" or the "Company") is holding a teleconference on Wednesday
September 5th at 10 am EDT to update shareholders on the progress of Bloom Lake
project and discuss the implications of the Wabush acquisition by Mittal.


Bruce Humphrey, Chairman, Richard Quesnel, President & CEO, and Stan Bharti,
Director will participate in this call.


Conference Call Details

Date:                     Wednesday September 5th, 2007

Time:                     10:00 AM EDT

Local Callers:            416 406 6419

North American Callers:   1 888 575 8232

International Callers:    +1 416 406 6419

There will be a question and answer period following the presentation.

About Consolidated Thompson: 

Consolidated Thompson Iron Mines Ltd. is an exploration and development company.
CLM holds the Bloom Lake Iron Ore Property which is located in the Normanville
Township, Duplessis County, Province of Quebec, on the south end of the Labrador
Trough (approximately 400 km north of Sept-Iles). The Bloom Lake deposit is
situated approximately 10 km north of the Mount-Wright iron ore mining operation
of Quebec Cartier Mining Company. More at www.consolidatedthompson.com.


Cautionary Note Regarding Forward-Looking Information: This press release
contains "forward-looking information" within the meaning of applicable Canadian
securities legislation. Forward-looking information includes, but is not limited
to, statements with respect to the future financial and operating performance of
the Company and its projects, the timing and amount of, and expenses related to,
estimated future production, the availability of financing at acceptable prices,
industry trends and their impact on the Company, the role of management, and
government permitting and regulation of mining operations. Forward-looking
information is subject to known and unknown risks, uncertainties and other
factors that may cause the actual results to be materially different from those
expressed or implied by such forward-looking information, including but not
limited to: general business, economic, competitive, political and social
uncertainties; changes in project parameters as plans continue to be refined;
delays in obtaining governmental approvals or required financing or in the
completion of development or construction activities, as well as those factors
discussed in Company's annual information form for the year ended June 30, 2006.
Although the Company 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. The
Company does not undertake to update any forward-looking information, except in
accordance with applicable securities laws.
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