Consolidated Thompson Iron Mines Ltd. (TSX:CLM) ("CLM" or the "Company") announces that it has filed its unaudited interim financial statements on SEDAR and provides the following update:

- Mine site development is progressing according to budget included in the feasibility study. Production is expected to begin in December 2009 and shipment in the first quarter of 2010. As at September 30, 2009, over $400 million had been spent on the development of the Bloom Lake mine including over $100 million in the last quarter.