Timminco Announces Solar Grade Silicon Supply Agreement with

Timminco Announces Solar Grade Silicon Supply Agreement with Q-Cells
AG 
TORONTO, ONTARIO -- (MARKET WIRE) -- 03/26/08 --  Timminco Limited
("Timminco") (TSX: TIM) today announced that its wholly-owned
subsidiary, Becancour Silicon Inc. ("BSI"), has entered into an
agreement to supply solar grade silicon to Q-Cells AG ("Q-Cells")
(FRANKFURT: QCE). Q-Cells is the world's largest manufacturer of
solar cells. 
Under the terms of the agreement, BSI will supply Q-Cells with
contractually fixed supplies of 410 metric tons (mt) in 2008 and
3,000 mt in 2009 at fixed prices. The deliveries start immediately.
Until the end of July 2008 the partners will negotiate a further
contract on the delivery of up to 6,000 mt per year in the years 2010
to 2013. The price for these possible further supplies will be
negotiated contingent upon market conditions. With this contract
Q-Cells will become BSI's largest customer for solar grade silicon in
2009. 
This agreement represents BSI's fifth long-term commercial contract
for the sale of high purity silicon. In the event that Q-Cells and
BSI agree to extend the contract to 6,000 mt per year for the period
2010 to 2013, this contract would raise the committed deliveries of
BSI's solar grade silicon business to 12,000 mt per year beginning in
2010. On February 22, 2008 Timminco announced the expansion of BSI's
solar grade silicon capacity to 14,400 mt per year, with the
incremental capacity fully on stream by the end of the second quarter
of 2009. 
"BSI has developed a proprietary process which enables it to produce
solar grade silicon by purifying metallurgical silicon. Q-Cells has
tested unblended material from BSI extensively and has obtained very
good results in cell production", said Mr. Anton Milner, CEO of
Q-Cells. 
"This contract represents a giant step for our solar grade silicon
business. Q-Cells is a leader in the photovoltaic industry and their
endor
sement of our material through this supply agreement is further
evidence of the paradigm shift we are creating in the solar grade
silicon market." said Mr. Rene Boisvert, President and CEO of BSI. 
ABOUT TIMMINCO 
Timminco is a leader in the production and marketing of lightweight
metals, specializing in solar grade silicon for the rapidly growing
solar photovoltaic energy industry. Using its proprietary technology,
Timminco processes metallurgical grade silicon into low cost solar
grade silicon for use in the manufacture of solar cells. Timminco
also produces silicon metal, magnesium extrusions and other specialty
metals for use in a broad range of industrial applications serving
the aluminum, chemical, pharmaceutical, electronics and automotive
industries. 
CAUTIONARY NOTE ON FORWARD-LOOKING INFORMATION 
This news release contains "forward-looking information", as such
term is defined in applicable Canadian securities legislation,
concerning Timminco's future financial or operating performance and
other statements that express management's expectations or estimates
of future developments, circumstances or results. Generally,
forward-looking information can be identified by the use of
forward-looking terminology such as "expects", "believes",
"anticipates", "budget", "scheduled", "estimates", "forecasts",
"intends", "plans" and variations of such words and phrases, or by
statements that certain actions, events or results "may", "will",
"could", "would" or "might" "be taken", "occur" or "be achieved". In
this news release, such information includes statements regarding
agreements and commitments to supply solar grade silicon, and
production capacity expansion for solar grade silicon.
Forward-looking information is based on a number of assumptions and
estimates that, while considered reasonable by management based on
the business and markets in which Timminco operates, are inherently
subject to significant operational, economic and competitive
uncertainties and contingencies. Timminco cautions that
forward-looking information involves known and unknown risks,
uncertainties and other factors that may cause Timminco's actual
results, performance or achievements to be materially different from
those expressed or implied by such information, including, but not
limited to, expansion of the solar grade silicon business generally,
delays or cost overruns in the construction of new manufacturing
facilities and installing and commissioning new equipment,
commitments under existing and prospective long-term contracts for
solar grade silicon, maintaining and further improving the purity of
solar grade silicon, protection of intellectual property rights,
silicon metal and magnesium metal prices, raw materials pricing and
availability, and competition. These and other factors are discussed
in greater detail in Timminco's most recent Management's Discussion
and Analysis. Although Timminco has attempted to identify important
factors that could cause actual results, performance or achievements
to differ materially from those contained in forward-looking
information, there can be other factors that cause results,
performance or achievements not to be as anticipated, estimated or
intended. There can be no assurance that such information will prove
to be accurate or that management's expectations or estimates of
future developments, circumstances or results will materialize.
Accordingly, readers should not place undue reliance on
forward-looking information. The forward-looking information in this
news release is made as of the date of this news release and Timminco
disclaims any intention or obligation to update or revise such
information, except as required by applicable law. 
Contacts:
Timminco Limited
Robert J. Dietrich
Executive Vice President - Finance and CFO
(416) 364-5171
(416) 364-3451 (FAX)
Email: rdietrich@timminco.com 
Becancour Silicon Inc.
Rene Boisvert
President and CEO
(819) 294-6000
(819) 294-9001 (FAX)
Email: rboisvert@silbec.com
 
 
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