Mr. Russell Hallbauer reports

BC GOVERNMENT PROCEEDING WITH CERTIFICATE AMENDMENT PROCESS FOR TASEKO'S NEW PROSPERITY PROJECT

The British Columbia Environmental Assessment Office is proceeding with Taseko Mines Ltd.'s request to amend the environmental assessment certificate for its New Prosperity gold-copper project in central British Columbia.

In addition to this undertaking, Taseko will be filing a notice of work with the Ministry of Energy and Mines, which will allow the company to gather information to advance mine permitting under the British Columbia Mines Act. Taseko looks forward to working with the six local Tsilhqot'in First Nation bands, as represented by the Tsilhqot'in national government, on the consultative and substantive aspects of the notice of work as per the terms in the 2012 settlement agreement.

"Ownership and development of mineral resources are explicit areas of provincial jurisdiction and responsibility, granted under the 1982 amendments to the Constitution Act (1867)," commented Russell Hallbauer, president and chief executive officer of Taseko. "The New Prosperity environmental assessment process has been unduly influenced by the actions of the federal government. The fact that the government of British Columbia is moving forward with the certificate amendment process indicates the importance it places on the development of the New Prosperity mine."

Mr. Hallbauer continued: "The government of Canada's position regarding the federal authorizations required for New Prosperity can be rectified if discussions around the salient issues raised by the federal panel in 2013 are objectively and scientifically reviewed. The information we will gather from the notice of work field program will aid those discussions."

New Prosperity is the largest undeveloped gold-copper porphyry in North America and contains 11 million ounces gold and four billion pounds of copper and, when in production, will produce 250,000 ounces of gold and 110 million pounds of copper annually for 20 years.

 
                             MINERAL RESERVES AT $5.50 NSR/T CUT-OFF  
                                 
               Size          Grade            Recoverable metal             Contained metal    
           (million       Au      Cu             Au             Cu             Au             Cu
             tonnes)    (g/t)     (%)   (million oz)   (billion lb)   (million oz)   (billion lb)

Proven          481     0.46    0.26            5.0            2.4            7.1            2.8       
Probable        350     0.35    0.18            2.7            1.2            3.9            1.4       
Total           831     0.41    0.23            7.7            3.6           11.0            4.2       

Note: Recoveries for copper and gold are 87 per cent and 69 per cent, respectively.

Remaining measured and indicated resources are grading 0.4 gram per tonne gold and 0.3 per cent copper containing 2.3 million ounces of gold and 1.2 billion pounds of copper (no recoveries applied).

The mineral resource and reserve estimations were completed by Taseko staff under the supervision of Scott Jones, PEng, vice-president, engineering, and a qualified person under National Instrument 43-101. Mr. Jones has verified the methods used to determine grade and tonnage in the geological model, reviewed the long-range mine plan, and directed the updated economic evaluation. The estimates for the reserves used long-term metal prices of $1.65 (U.S.) per pound for copper and $650 (U.S.) per ounce for gold and a foreign exchange of 82 Canadian cents per U.S. dollar. Mr. Jones has reviewed this release. A technical report is filed on SEDAR.

We seek Safe Harbor.