davidson deposit The Davidson Deposit is a large, high-grade underground molybdenum deposit situated in the heart of Hudson Bay Mountain Davidson Deposit six miles from Smithers, British Columbia. A consultant’s study Smithers prince on the deposit examined the feasibility of mining 2,200 tons of george prince high-grade ore per day and shipping it for processing to the rupert Corporation’s Endako facility 125 miles to the southeast. British columbia 50 mi The deposit is estimated to have 117 million pounds Geologist examining Davidson core samples of contained The Corporation filed an environmental application with the molybdenum. Province of British Columbia in September 2008. The Corporation will be in a position to proceed with the project upon receipt of an 5000E 4,910E 4,940E 4,970E Environmental Assessment Certificate and permits. However, due 5,180N # 169 # 170 39.6m@ 27.4m@ to deteriorating molybdenum market conditions, the Corporation 0.47% MoS 0.55% MoS 2 2 decided in November 2008 to postpone development of the # 168 #142 5,150N deposit until conditions improve. 27.0m@ 49.0m@ 0.33% MoS2 0.46% MoS2 The higher-grade zone is estimated to have a measured and 5,120N # 166 # 167 tonnes grading 0.234% indicated mineral resource of 23 million39.6m@ #143 27.4m@ 0.37% MoS2 0.41% MoS2 the Mo at a cut-off grade of 0.18% Mo. On this basis, 36.5m@ deposit is 0.37% MoS2 estimated to have 117 million pounds of contained molybdenum. 5,090N # 165 The mineral resource was estimated by Gary Giroux, P.Eng., who is 48.8m@ 0.46% MoS2 a qualified person in accordance with National Instrument 43-101. Elevation (feet above sea level) 6,000ft Hudson Bay Mountain 5,000ft Davidson 1066 Adit Deposit Existing Portal 4,000ft Proposed 700 Adit 3,000ft Mine Site & Loadout Schematic Section looking North (not to scale) View of Hudson Bay Mountain Annual Report to Shareholders 2008 19 Thompson Creek Metals Company Inc.