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2015-09-16

Minerals Technologies Inc: Minerals Technologies Board of Directors Authorizes $150 Million, Two-Year Share Repurchase Program

NEW YORK, September 16, 2015-Minerals Technologies Inc. (NYSE: MTX) announced
today that its Board of Directors has authorized a new, two-year $150 million
share repurchase program. This authorization will become effective when the
current two-year $150 million program expires in October of this year.

"Our Board of Directors has indicated its confidence in the company's
strategic direction, high performance and cash-generating ability by
authorizing this $150 million share repurchase program," said Joseph C.
Muscari, chairman and chief executive officer. "We will continue to focus
primarily on debt reduction, but will repurchase shares, as we deem
appropriate, using a balanced, value-based approach to the use of our cash."

New York-based Minerals Technologies Inc. is a resource- and technology-based
growth company that develops, produces and markets worldwide a broad range of
specialty mineral, mineral-based and synthetic mineral products and related
systems and services. MTI serves the paper, foundry, steel, environmental,
energy, polymer and consumer products industries. The company reported sales
of $1.725 billion in 2014.

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For further information about Minerals Technologies Inc. look on the internet
at http://www.mineralstech.com/
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Contact:
Rick B. Honey
(212) 878-1831

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This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Minerals Technologies Inc via Globenewswire

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