Mr. Stuart McDonald reports

TASEKO ANNOUNCES PRICING OF SENIOR SECURED NOTES OFFERING

Taseko Mines Ltd. has priced an offering of $500-million (U.S.) aggregate principal amount of senior secured notes due 2030. Interest on the notes will accrue at an annual rate of 8.25 per cent payable semi-annually, and the notes will be issued at par. The offering is expected to close on April 23, 2024, subject to customary closing conditions.

Taseko intends to use the net proceeds from this offering, together with cash on hand, to redeem all $400-million (U.S.) aggregate principal amount outstanding of its senior secured notes due 2026 (including accrued interest), to make capital expenditures, including at its Florence copper project and Gibraltar mine, as working capital and the remainder, if any, for general corporate purposes and to pay fees and expenses in connection with this offering.

The notes will be secured by junior priority liens on the shares of Taseko's wholly owned subsidiaries, Gibraltar Mines Ltd., Curis Holdings (Canada) Ltd., Florence Holdings Inc. and Cariboo Copper Corp., and by Gibraltar's rights under the joint venture agreement relating to the Gibraltar mine. The notes will also be guaranteed by certain restricted subsidiaries including Gibraltar, Curis, Florence Holdings, Cariboo, Florence Copper Holdings Inc., FC-ISR Holdings Inc. and Florence Copper LLC. Upon admission of a minority joint venture partner for the Florence copper project under certain conditions, the guarantee of the bonds by Florence would be released.

We seek Safe Harbor.