VANCOUVER, BC, February 28, 2022 /PRNewswire/ – Taseko Mines Limited (TSX: TKO) (NYSE: TGB) (LSE: TKO) (“Taseko” or the “Company”) is pleased to announce that the Gibraltar Mine and Williams Lake First Nation ( “WLFN”) have renewed a Participation and Cooperation Agreement (“Agreement”) originally developed and signed in April 2013.

The agreement commits Gibraltar Mine and the WLFN to work together in the interests of environmentally responsible and economically beneficial mine development at the Taseko copper-molybdenum mine near Williams Lake, BC. In addition to improving understanding, communication and cooperation between the parties, the agreement also provides for clear mechanisms to advance employment and contracting opportunities for WLFN members, as well as development initiatives. education, training and community development.

To commemorate the renewal of the agreement and the relationship, the parties held a signing ceremony on February 24, 2022at the new WLFN administration building, near Williams Lake.

Stuart McDonaldPresident and CEO of Taseko, said, “We are delighted to have renewed this important agreement and look forward to building on our well-established relationship with the broader community. Throughout our long relationship with the WLFN, we have developed strong and open lines of communication and gained a better understanding of their history and approach to economic development. Taseko would like to thank the WLFN for being a forward thinking and progressive partner and we look forward to continuing this successful partnership in the future.

Chief Willie Sellars of the WLFN commented “We are proud of the positive relationship that has been fostered between our community and Gibraltar. Where possible, our approach is to work with industry to develop mutually beneficial relationships and opportunities, and our longstanding relationship with Gibraltar illustrates this. This partnership responds to WLFN’s need to actively engage in environmental stewardship and to promote the social, cultural and economic interests and endeavors of our community. »

For more information about Taseko, please visit the Taseko website at www.tasekomines.com or contact:

Stuart McDonald
President and CEO

No regulatory authority has approved or disapproved of the information contained in this press release.

CAUTION REGARDING FORWARD-LOOKING INFORMATION

This document contains “forward-looking statements” based on Taseko’s expectations, estimates and projections as of the dates such statements were made. Generally, these forward-looking statements can be identified by the use of forward-looking terms such as “outlook”, “anticipate”, “project”, “target”, “believe”, “estimate”, “expect”, ” intend to”, “should” and similar expressions.

Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by these forward-looking statements. These include but are not limited to:

• uncertainties regarding the effect of COVID-19 and the response of local, state, federal and international governments to the threat of COVID-19 on our operations (including our suppliers, customers, supply chain, employees and our contractors) and economic conditions generally and in particular with respect to demand for the copper and other metals we produce;
• uncertainties and costs associated with the Company’s exploration and development activities, such as those associated with the continuity of mineralization or the determination of the existence of mineral resources or reserves on a property;
• uncertainties relating to the accuracy of our estimates of mineral reserves, mineral resources, production rates and production schedule, future production and future cash and total production and milling costs;
• uncertainties associated with feasibility studies that provide estimates of costs, expenses and expected or anticipated economic returns from a mining project;
• uncertainties relating to the ability to obtain necessary licenses for development projects and project delays due to third party opposition;
• uncertainties related to unexpected legal or regulatory proceedings;
• changes to and effects of governmental laws, regulations and policies affecting our exploration and development activities and our mining operations, in particular laws, regulations and policies;
• changes in general economic conditions, financial markets, and in the market demand and price for copper, gold, and other minerals and commodities, such as diesel fuel, steel, concrete, electricity and other forms of energy, mining equipment, and fluctuations in currency exchange rates, particularly with respect to the value of the US dollar and the Canadian dollar, and the continued availability of capital and financing ;
• the effects of forward sale instruments to hedge against fluctuations in copper prices and movements in exchange rates and risks of counterparty default, and market valuation risk;
• the risk of inadequate insurance or inability to obtain insurance to cover mining risks;
• the risk of loss of key employees; the risk of changes in the accounting policies and methods we use to report our financial condition, including uncertainties associated with critical accounting assumptions and estimates;
• environmental issues and liabilities associated with mining, including ore processing and storage; and
• labor strikes, work stoppages or other interruptions or difficulties in the employment of labor in the markets in which we operate mines, or environmental hazards, industrial accidents or other events or occurrences, including interference third parties who interrupt the production of minerals at our mines.

For more information about Taseko, investors should see the company’s annual Form 40-F filed with the United States Securities and Exchange Commission. www.sec.gov and home jurisdiction filings which are available at www.sedar.comincluding the “Risk Factors” included in our Annual Information Form.

SOURCE Taseko Mines Limited