TASEKO RECEIVES PROVINCIAL APPROVAL
TO PROCEED WITH PROSPERITY
January 15, 2010, Vancouver 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.
Forward Looking Statements
This release includes certain statements that may be deemed "forward-looking
statements". All statements in this release, other than statements of
historical facts, that address future production, reserve potential, exploration
drilling, exploitation activities and events or developments that the Company
expects are forward-looking statements. Although the Company believes the
expectations expressed in such forward-looking statements are based on reasonable
assumptions, such statements are not guarantees of future performance and
actual results or developments may differ materially from those in the forward-looking
statements. Factors that could cause actual results to differ materially from
those in forward-looking statements include capital market conditions, commodities
market prices, exploitation and exploration successes, lack of continuity
of mineralization, continued availability of capital and financing, the ability
to obtain and maintain required permits, including environmental, construction
and mining permits and general economic, market or business conditions. Investors
are cautioned that any such statements are not guarantees of future performance
and that actual results or developments may differ materially from those projected
in the forward-looking statements. For more information on the Company, Investors
should review the Company's annual Form 40-F filing with the United States
Securities and Exchange Commission or the Company's home jurisdiction
filings at www.sedar.com.