Thornburg Mortgage Announces First Quarter Earnings Conference Call

Business Wire,  June 11, 2008  

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SANTA FE, N.M. -- Thornburg Mortgage, Inc. (NYSE: TMA), announced today it will release results for the first quarter on Thursday, June 12, 2008, before the market opens.

Larry Goldstone, president and chief executive officer of the company, will host a conference call on Thursday, June 12, 2008, from 10:00 a.m. to 11:30 a.m. Eastern to discuss first quarter results as well as provide a general update on the company. The conference call will also be web cast live through a link at the company's web site at www.thornburgmortgage.com.

The teleconference dial-in number is (800) 288-8968. A replay of the call will be available beginning at 12:30 p.m. on June 12, 2008 and ending at 11:59 p.m. on June 19, 2008. The replay dial-in number is (800) 475-6701 in the U.S. and (320) 365-3844 internationally. The access code for both replay numbers is 929327. The conference call will also be archived on the company's web site throughout the second quarter of 2008.

The company will also host a live webcast of a portion of the Annual Shareholder meeting which will be held on June 12, 2008, at 2:00 p.m. Eastern. The meeting can be viewed live through a link at http://phx.corporate-ir.net/phoenix.zhtml?p=irol-eventDetails&c=117476 &eventID=1831827.

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Thornburg Mortgage is a leading single-family residential mortgage lender focused principally on prime and super-prime borrowers seeking jumbo and super-jumbo adjustable-rate mortgages.

This press release contains forward-looking statements, including those related to the timing of our ability to file our Form 10-Q and expectations with respect to a substantial net loss for the first quarter of 2008. These forward-looking statements are based on management's current expectations and are subject to uncertainty and changes in circumstance due to a number of factors, including but not limited to: the impact of the accounting for the senior notes financing and Override Agreement; potential delays in the completion of the financial reporting work by the company and the completion of the first quarter review by our outside auditors; general economic conditions; ongoing volatility in the mortgage and mortgage-backed securities industry; the company's ability to meet the ongoing conditions of the override agreement; the company's ability to obtain shareholder approval of an increase in authorized shares; the company's ability to complete the tender offer for all of its outstanding preferred stock; market prices for mortgage securities, interest rates, the availability of ARM securities and loans for acquisition and other risk factors discussed in the company's SEC reports, including its most recent annual report on Form 10-K/A, its Proxy Statement for its Annual Meeting to be held on June 12, 2008 and its Registration Statement on Form S-3. These forward-looking statements speak only as of the date on which they are made and except as required by law, the company does not intend to update such statements to reflect events or circumstances arising after such date.

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