June 6, 2011
Public Online Information Resource Launched to Promote Open Discussion
Vancouver, BC - Taseko Mines Limited (TSX: TKO; NYSE Amex: TGB) (“Taseko” or the “Company”) has submitted a revised project description to the Federal Government in pursuit of final approval of its New Prosperity Gold-copper Project.
The New Prosperity project addresses the concerns identified during the original federal review process while building on the core strengths and benefits of the original Prosperity proposal. The new proposal preserves Fish Lake and limits the impact to the environment. It aims to relieve concerns of the First Nations and the federal Panel while at the same time delivering significant economic value to British Columbia and Canada.
“We have made significant efforts to address all the necessary requirements for final federal approval. Preserving Fish Lake, which adds $300 million in capital and operating expense to the project is an example of that effort and a reflection of the depth of our commitment to the success of New Prosperity and to the principles of sustainability,” says Taseko President & CEO Russell Hallbauer.
“Prosperity is the 7th largest undeveloped gold-copper porphyry deposit in the world and as such has the ability to deliver economic value and social benefit on a national scale. We are looking forward to delivering the potential of this project for Canadians, including all levels of Government, First Nations communities, the people of the Cariboo and our shareholders,” concluded Mr. Hallbauer.
Taseko is launching an in-depth online information portal (http://www.newprosperityproject.ca). The site encourages public dialogue and represents a progressive approach to community engagement.
Russell Hallbauer President and CEO
For further information on Taseko, please see the Company’s website www.tasekomines.com or contact:
Investor Relations - 778-373-4545, toll free 1-877-441-4533
Media — Brian Battison - 778-373-4543, toll free 1-877-441-4533
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.