February 3, 2010
Vancouver, BC - Taseko Mines Limited (TSX: TKO; NYSE Amex: TGB) (“Taseko” or the “Company”) welcomes the decision by the Federal Review Panel to move forward with public hearings on the proposed $800 million Prosperity Gold-Copper mine near Williams Lake, BC.
“The decision represents the achievement of another important milestone in the development of Prosperity,”said Taseko President and CEO Russell Hallbauer.
Over these past many months the Company has provided the Federal Panel with additional information and clarification on matters of specific interest to them. The Panel has determined this information, along with the many volumes of material already submitted in our Environmental Impact Statement, is sufficient to now move to the public hearing phase of the review process.
Mr. Hallbauer added, “Last month the Provincial Government, which has authority and responsibility for mine development in British Columbia, approved the project and we fully expect the Government of Canada to also approve the project once the review process concludes.”
Public hearings, the primary purpose of which is to obtain information from interested parties, are set to begin March 22 in Williams Lake, BC. Once the hearing process concludes, the Panel will have 60 days to write and submit their findings to the Federal Minister of Environment.
For further information contact:
Brian Bergot, Investor Relations - 778-373-4545, toll free 1-800-667-2114
Russell Hallbauer
President and CEO
No regulatory authority has approved or disapproved of the information contained in this news release.
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:
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.