Taseko-Gibraltar Wins Mining and Sustainability Award

July 8, 2014

July 8, 2014 - Vancouver, BC - Taseko (TSX: TKO; NYSE MKT: TGB) (the “Company”) is pleased to announce that it has been chosen winner of the 2013 Mining and Sustainability Award presented by the Mining Association of BC (“MABC”) and the Government of British Columbia.

In announcing the award, Karina BriƱo, President and CEO of the MABC stated, “Over the past decade, Taseko has demonstrated a commitment to responsible development and continuous improvement at all levels of its operation, including community and First Nations engagement, health and safety, environmental stewardship and operational efficiencies. The Company has re-built Gibraltar into a modern operation, which is now the largest employer in the Cariboo; an achievement worthy of this recognition.”

Russell Hallbauer, President and CEO of Taseko commented, “We are honored to have been chosen for this award in recognition of our dedication to responsible mining. Re-establishing the Gibraltar Mine as a leading edge copper mine, the second largest in Canada, is a tribute to the hard work and effort of the Taseko-Gibraltar team. It is gratifying to be acknowledged by both industry and government in such a significant way.”

“To be able to share this award with Teck Resources (TSX: TCK.B), Canada’s top mining company recognized around the world for their leadership in sustainable mining practice, is not only a high privilege for us but a true testament to the quality of our team of dedicated professionals.” added Mr. Hallbauer.

The annual award recognizes the diverse companies, communities, First Nations, non-governmental organizations, government agencies and individuals committed to advancing and promoting sustainable development in the BC mining sector. Nominees are assessed based on eight key criteria, including: health and safety, effective engagement, respect for indigenous peoples, environment, operation life cycle, resource use efficiency, continuous learning and adaptation and the economic, social and cultural benefits to the local community.

The Company will be accepting the award at a community celebration in Williams Lake next week.

For further information on Taseko, please see the Company’s website www.tasekomines.com or contact:

Media - Brian Battison 778-373-4533 or toll free 1-877-441-4533
Investors - Brian Bergot 778-373-4533 or toll free 1-877-441-4533

Russell Hallbauer
President and CEO

No regulatory authority has approved or disapproved of the information contained in this news release.

CAUTION REGARDING FORWARD-LOOKING INFORMATION

This document contains “forward-looking statements” that were based on Taseko’s expectations, estimates and projections as of the dates as of which those statements were made. Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as “outlook”, “anticipate”, “project”, “target”, “believe”, “estimate”, “expect”, “intend”, “should” and similar expressions.

Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause the Company’s actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking statements. These included but are not limited to:

  • uncertainties and costs related to the Company’s exploration and development activities, such as those associated with continuity of mineralization or determining whether mineral resources or reserves exist on a property;
  • uncertainties related to the accuracy of our estimates of mineral reserves, mineral resources, production rates and timing of production, future production and future cash and total costs of production and milling;
  • uncertainties related to feasibility studies that provide estimates of expected or anticipated costs, expenditures and economic returns from a mining project;
  • uncertainties related to our ability to complete the mill upgrade on time estimated and at the scheduled cost;
  • uncertainties related to the ability to obtain necessary licenses permits for development projects and project delays due to third party opposition;
  • uncertainties related to unexpected or ongoing judicial or regulatory proceedings;
  • changes in, and the effects of, the laws, regulations and government policies affecting our exploration and development activities and mining operations, particularly laws, regulations and policies;
  • changes in general economic conditions, the financial markets and in the demand and market price for copper, gold and other minerals and commodities, such as diesel fuel, steel, concrete, electricity and other forms of energy, mining equipment, and fluctuations in exchange rates, particularly with respect to the value of the U.S. dollar and Canadian dollar, and the continued availability of capital and financing;
  • the effects of forward selling instruments to protect against fluctuations in copper prices and exchange rate movements and the risks of counterparty defaults, and mark to market risk;
  • the risk of inadequate insurance or inability to obtain insurance to cover mining risks;
  • the risk of loss of key employees; the risk of changes in accounting policies and methods we use to report our financial condition, including uncertainties associated with critical accounting assumptions and estimates;
  • environmental issues and liabilities associated with mining including processing and stock piling ore; and
  • labour strikes, work stoppages, or other interruptions to, or difficulties in, the employment of labour in markets in which we operate mines, or environmental hazards, industrial accidents or other events or occurrences, including third party interference that interrupt the production of minerals in our mines.

For further information on Taseko, investors should review the Company’s annual Form 40-F filing with the United States Securities and Exchange Commission www.sec.gov and home jurisdiction filings that are available at www.sedar.com.

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