Mr. Russell Hallbauer reports

TASEKO RENEWS SHAREHOLDER RIGHTS PLAN

Taseko Mines Ltd.'s board of directors has resolved to adopt a customary shareholder rights plan agreement to replace its existing shareholder rights plan that, under its terms, will expire on June 6, 2013.

The rights plan is similar to other plans adopted by many Canadian companies. It is not being adopted in response to any proposal to acquire control of Taseko.

Although the rights plan is currently subject to approval by the Toronto Stock Exchange, it will be presented for ratification by the shareholders at the company's 2013 annual meeting. A copy of the proposed form of rights plan is attached to the information circular mailed to shareholders in connection with the annual meeting, a copy of which has been filed at SEDAR. A detailed description of its terms and conditions is contained in the information circular. If ratified by shareholders, the rights plan will have a term of three years.

We seek Safe Harbor.