800 West
Pender Street, Suite 1020
Vancouver , British Columbia
Canada V6C 2V6
Tel: 604-684-6365
Fax: 604-684-8092
www.tasekomines.com
TASEKO SIGNS AGREEMENT
WITH SOJITZ CORPORATION
March 24, 2010, Vancouver, BC - Taseko Mines
Limited (TSX: TKO; NYSE Amex: TGB) ("Taseko" or the "Company"),
owner of Gibraltar Mines Ltd. is pleased to announce that the definitive
agreements with the Sojitz Consortium for their previously announced joint
venture investment in the Gibraltar Mine were executed last week. The joint
venture partners will be Gibraltar Mines Ltd. (75%) and Cariboo Copper Corp.
(25%) [jointly owned by Sojitz Corporation (50%), Dowa Metals & Mining
Co., Ltd. (25%) and Furukawa Co., Ltd. (25%)]. The transaction is scheduled
to close on March 31, 2010 for total consideration of approximately C$187
million.
Russell Hallbauer, President and CEO of Taseko said "We are looking
forward to a long term relationship with our strategic partners and realizing
the significant growth opportunities that exist for our Company going forward".
For further details on Taseko and its properties, please visit the Company's
website at www.tasekomines.com or contact Brian Bergot, Investor Services
at 778-373-4545 or within North America at 1-800-667-2114.
Russell Hallbauer
President and CEO
No regulatory authority has approved or disapproved of the information in
this news release.
Forward Looking Statements
This release includes certain statements that may be deemed "forward-looking
statements" or "forward-looking information" (together, referred
to as "forward-looking statements"). Although Taseko believes the
expectations expressed in such forward-looking statements are based on reasonable
assumptions, such statements are not guaranteed, and actual results 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 the risk that the above-referenced transaction may not
be completed within the time frame contemplated.