2008-07-30 23:38:09 -

- Thornburg Mortgage, Inc., Santa Fe Exchange Offer Call Center 866-222-2093 Investor Relations 505-989-1900 ir@thornburgmortgage.com Thornburg Mortgage, Inc. (NYSE: TMA), announced today that on Friday, August 1, 2008, it will hold a conference call to explain the recently launched Exchange Offer and Consent Solicitation.

Larry Goldstone, president and chief executive officer of the company, will host the conference call on Friday, August 1, 2008, from 10:30 a.m. to 11:30 a.m. EDT. 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 800-860-2442 and 412-858-4600 internationally. A replay of the call will be available beginning at 2:00 p.m. on August 1, 2008 and ending at

11:59 p.m. on August 30, 2008. The replay dial-in number is 877-344-7529 in the U.S. and 412-317-0088 internationally. The access code for both replay numbers is 422015.

The company will also host a live webcast during this conference call. The webcast can be viewed live through a link at www.talkpoint.com/viewer/starthere.asp?Pres=122770.

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.

Company will discuss Exchange Offer and Consent Solicitation