January 15, 2010
cVancouver, BC - Taseko Mines Limited (TSX: TKO; NYSE Amex: TGB) (“Taseko” or the “Company”) received the environmental assessment certificate for its proposed Prosperity Gold-Copper Project from the BC Provincial Ministry of Environment on January 14, 2010.
“Obviously we are tremendously pleased with the Provincial Government’s decision. We put considerable effort and Company resources into the documentation and process and to have now received this approval is both gratifying and rewarding,” says Taseko President & CEO Russell Hallbauer.
“The decision will undoubtedly be well received by the people of Williams Lake and the Cariboo, so many of whom worked tirelessly to make their views and support for Prosperity known and understood. The project was subjected to a complete and thorough examination by government departments, agencies, regulators and by the public. The Provincial process is demanding but it is also fair and we acknowledge the hard work of the Provincial Government in drawing the matter to a conclusion that will provide tremendous benefits to the social and economic future of British Columbia.”
“The Government of British Columbia has authority and responsibility for mine development in the Province. Now that they have given their approval we will proceed to apply for and secure the necessary leases, licenses and permits required to advance the project,” concluded Mr. Hallbauer.
Taseko will host a conference call for analysts and investors to discuss the Prosperity Project on Tuesday, January 19, 2010. Details will follow later today.
The Information Bulletin published today by the BC Ministry of Environment provides additional details about the process conducted by the Ministry of Energy, Mines and Resources and the Ministry of Environment. The Information Bulletin can be found at http://www.gov.bc.ca/env/index.html
For further information on Taseko, please see the Company’s website www.tasekomines.com or contact: Brian Bergot, Investor Relations - 778-373-4545, Toll Free 1-800-667-2114.
Russell Hallbauer
President & 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.