Consolidated Thompson Iron Mines Limited and Quinto Mining Corporation Signs Definitive Arrangement

Agreement

Consolidated Thompson Iron Mines Limited and Quinto Mining Corporation announced that they have

signed the definitive arrangement agreement in connection with Consolidated Thompson's proposed

acquisition by way of an arrangement (the Transaction) of all of the common shares of Quinto Mining

Corporation. Quinto Mining Corporation shareholders will receive one Consolidated Thompson common

share and a cash payment of $0.005 for every five Quinto Mining Corporation common shares held. As a

result of the Transaction, Consolidated Thompson will acquire neighbouring iron ore deposits, and

significantly increase its mineral resources and exploration. Upon completion of the acquisition, Quinto

Mining Corporation security holders will hold approximately 13.8% of the issued and outstanding

Consolidated Thompson common shares on a fully diluted basis.