March 31, 2016
March 31, 2016, Vancouver, BC –Taseko Mines Limited (TSX: TKO; NYSE MKT: TGB) (“Taseko” or the “Company”) today filed on SEDAR (www.sedar.com) a letter to shareholders and Management Information Circular for the Special Meeting of shareholders scheduled for May 10, 2016. These documents are also being mailed to shareholders over the next few days.
In these proxy documents, Taseko presents to shareholders a compelling case to vote AGAINST all proposals made by bondholder and dissident shareholder Raging River Capital LLC (“RRC”). Taseko’s independent Special Committee and its Board both unanimously recommend that shareholders vote:
This Proxy Contest Is About Trust and Competence
You cannot trust what RRC says about Taseko. RRC’s disinformation campaign is being managed by experienced raiders to distract shareholders with smears about insider trading and service fees from the real issue in this proxy contest. The real issue is RRC’s troubling short-term strategy to sell-off Taseko’s strategically assembled pipeline for growth. RRC’s strategy would enhance bondholder returns at the expense of long-term shareholder value.
Taseko’s proxy circular makes this clear by:
Moreover, you cannot trust what RRC says about itself. Taseko’s proxy circular describes how RRC has consistently omitted, delayed or camouflaged crucial information about itself including:
Taseko asks shareholders to read the Taseko Circular carefully to understand the reasons to support Russ, Ron and Bob and to vote AGAINST the RRC Nominees and their short-sighted and self-serving strategy. Taseko, under its current Board and management, has developed a strong foundation for growth and is better placed to lead the Company and increase shareholder returns with improving copper prices.
The complete Taseko letter to shareholders and the Management Information Circular are available on SEDAR at www.sedar.com.
The proxy voting deadline is 10:00 a.m. (Pacific Daylight Time) on May 6, 2016. Shareholders with questions about voting their shares should call Laurel Hill Advisory Group at 1-877-452-7184 (toll free) or by email at assistance@laurelhill.com. The Meeting will be held at The Pinnacle Hotel, 138 Victory Ship Way, North Vancouver, British Columbia, on May 10, 2016, at 10:00 a.m. (Pacific Daylight Time).
For further information on Taseko, please see the Company’s website www.tasekomines.com or contact:
Brian Bergot, Vice President, Investor Relations - 778-373-4533 or toll free 1-877-441-4533
Shareholders may also contact Taseko’s proxy solicitation agent:
Laurel Hill Advisory Group
North America Toll Free: 1-877-452-7184
Collect Calls Outside North America: 416-304-0211
Email:
assistance@laurelhill.com
Russell Hallbauer
President and CEO
About Taseko
Taseko is focused on the operation and development of mines in North America. Headquartered in Vancouver, Canada, Taseko is the owner (75%) and operator of the Gibraltar Mine, the second largest open pit copper-molybdenum mine in Canada. Taseko’s Aley Niobium Project, Florence Copper Project, and New Prosperity Gold-Copper Project are all advanced staged projects which provide the Company with a diverse commodity pipeline.