Minerals Corporation Limited of Wuhan Iron and Steel (Group) - News Release

VANCOUVER , Sept. 17 /CNW/ - Minerals Corporation Limited of Wuhan Iron and Steel (Group) ("WISCO") announced that on September 17, 2009 , it has acquired 6,533,688 common shares (the "Shares") of Consolidated Thompson Iron Mines Limited (TSX: CLM) ("CLM"), constituting approximately 2.88% of the issued and outstanding shares of CLM. WISCO now has beneficial ownership and control over 45,214,711 shares of CLM, which represents approximately 19.935% of the issued and oustanding shares of CLM.

The Shares were acquired by way of private placement for an aggregate subscription price of Cdn $28,748,227.20 or Cdn $4.40 per share. The Shares were acquired for investment purposes only. WISCO may increase or decrease its beneficial ownership of CLM's securities depending on future economic or market conditions.

A copy of the Early Warning Report has been filed with applicable securities commissions and can be found at www.sedar.com

    
    The TSX has not reviewed and does not accept responsibility for the
    adequacy or accuracy of this release.
    

For further information: Minerals Corporation Limited of Wuhan Iron and Steel (Group), Department of Resources Development, No. 107, Jiansheliulu, Qingshan District, Wuhan City, Hubei, China, 430080