Consolidated Thompson Iron Mines Ltd. (TSX VENTURE:CLM) ("Consolidated
Thompson", "CLM" or the "Company") is pleased to announced that it has received
conditional approval to list its common shares on the Toronto Stock Exchange.
Listing is conditional on the Company providing certain documents to the
Exchange. Following graduation, the common shares of the Company will continue
to trade under the stock symbol "CLM".


Richard Quesnel, the President and Chief Executive Officer of the Company,
commented, "Graduation to the TSX will represent a significant accomplishment
for the Company. The TSX is the premier stock exchange for mining companies in
the world, and Consolidated Thompson is proud to join it. I would like to take
this opportunity to thank everyone involved in the development of the Company
for their hard work and dedication during the last several years that has
resulted in the Company graduating to the TSX."


Conference Call

The Company will hold a conference call for all investors on Wednesday,
September 5, 2007 at 10 a.m. EDT. During the call, management of the Company
will discuss progress at Bloom Lake and the perceived impact on the Company of
the general trends of industry consolidation and the continued strong demand for
iron ore.




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



A copy of the call will also be available through the website of the Company, at
www.consolidatedthompson.com.


Option Grant

The Company has granted (200,000) stock options to the Chief Financial Officer
elect of the Company, which stock options have an exercise price of $4.84 per
option and an expiry date of September 4, 2012.


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 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 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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