Consolidated Thompson to Hold Investor Conference Call on March 31, 2009 at 11:00 a.m. (Toronto Time)

TORONTO, CANADA, Mar 30 (MARKET WIRE) --
Consolidated Thompson Iron Mines Limited (TSX: CLM) ("CLM") is holding a
teleconference on Tuesday, March 31, 2009 at 11:00 am EST to discuss the
US$240 million strategic investment by Wuhan Iron and Steel (Group)
Corporation ("WISCO") into CLM and the Bloom Lake project:

Conference Call Details
Date: Tuesday, March 31, 2009
Time: 11:00 AM ET
Local Callers: 416 340 8410
Toll Free Callers: 866 225 6564

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

Information on Consolidated Thompson

Consolidated Thompson Iron Mines Limited is an exploration and
development mining company. The Company believes that its updated
positive Feasibility Study, based on the current understanding of the
quality and size of the Bloom Lake deposit, reflects the potential to
expand and advance the project and exploit other opportunities in the
iron ore industry. The Company has approximately 119.4 million shares
outstanding and trades on the TSX under the symbol CLM.

Except for statements of historical fact relating to the Company, certain
information contained herein constitutes ''forward-looking information''
under Canadian securities legislation. Forward-looking information
includes, but is not limited to, statements with respect to the terms of
the agreement; receipt of all necessary approvals; the negotiation and
execution of the definitive agreements; benefits from the agreement;
capital required to complete the development of the Bloom Lake mine and
the timing of such requirements; the conclusions, parameters and
assumptions underlying current mine plans, the development potential and
timetable of Bloom Lake project; capital and operating expenditures; iron
ore prices; permitting time lines and permitting; government regulation
of mining operations; environmental risks and the impact of management
appointments. Generally, forward-looking information can be identified by
the use of forward-looking terminology such as "plans", "expects" or
"does not expect", "is expected", "budget", "scheduled", "estimates",
"forecasts", "intends", "anticipates" or "does not anticipate", or
"believes", or variations of such words and phrases or statements that
certain actions, events or results "may", "could", "would", "might" or
"will be taken", "occur" or "be achieved". Forward-looking statements are
based on the opinions and estimates of management as of the date such
statements are made. Estimates regarding the anticipated timing, amount
and cost of mining at the Bloom Lake Project are based on assumptions
underlying mineral reserve and mineral resource estimates and the
realization of such estimates as are set out in the CLM's feasibility
study.

Capital and operating cost estimates are based on extensive research of
the Corporation, purchase orders placed by the Corporation to date,
recent estimates of construction and mining costs and other factors that
are set out in CLM's feasibility study. Production estimates are based on
mine plans and production schedules, which have been developed by the
Corporation's personnel and independent consultants. Forward-looking
information is subject to known and unknown risks, uncertainties and
other factors that may cause the actual results, level of activity,
performance or achievements of Consolidated Thompson to be materially
different from those expressed or implied by such forward-looking
information, including but not limited to risks described in the annual
information form of the Company posted under the profile of the Company
on SEDAR at www.sedar.com. Although management of Consolidated Thompson
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. Consolidated Thompson does not undertake to update any
forward-looking information, except in accordance with applicable
securities laws.

Contacts:
Consolidated Thompson Iron Mines Limited
Richard Quesnel
President and CEO
(514) 396-6345
info@consolidatedthompson.com
www.consolidatedthompson.com

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