Mr. Stuart McDonald reports

TASEKO COMMENTS ON NEW US AND CANADIAN TARIFFS

Taseko Mines Ltd. has provided an update with respect to the new trade tariffs announced by the United States and Canadian governments this weekend.

Taseko confirms that U.S. import tariffs will have no impact on sales from its 100-per-cent-owned Gibraltar mine. The mine produces copper and molybdenum concentrates that are sold to international metal traders and delivered to Asian markets. Offtake contracts are in place for 100 per cent of copper concentrate production through the end of 2026, and no changes to these sales channels are expected during this period.

Taseko's 100-per-cent-owned Florence copper project is currently under construction in Arizona, United States; the new operation is expected to produce first copper in the fourth quarter of 2025. Florence is the only new copper mine currently under construction in the United States and will be a major new supplier of refined copper cathode for the U.S. domestic market.

The company does not expect any material impact on Florence construction costs or Gibraltar mine operating costs as a result of the new tariffs. At Florence, construction procurement activities are essentially complete, and all construction materials are already on site or being fabricated in the U.S. At Gibraltar, based on the initial list of retaliatory tariffs published by the government of Canada, the company does not expect any material impact on mine operating costs.

Stuart McDonald, president and chief executive officer of Taseko, commented: "Although these new tariffs will not directly impact our business, as a North America-focused copper producer we are hopeful that a more constructive trade relationship will emerge for copper and other critical minerals, for the benefit of both Canada and the United States. Going forward, we believe Canada must continue to diversify its economy by redoubling efforts to expedite development of critical-mineral mines."

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