Mr. Stuart McDonald reports

TASEKO MINES COMMENCES ENVIRONMENTAL ASSESSMENT PROCESS FOR YELLOWHEAD COPPER PROJECT

The initial project description for Taseko Mines Ltd.'s 100-per-cent-owned Yellowhead copper project has been filed and accepted by the B.C. Environmental Assessment Office and Impact Assessment Agency of Canada. The acceptance formally commences the environmental assessment process, which is designed to be comprehensive, inclusive and transparent, ensuring that the Yellowhead project meets the robust regulatory requirements while balancing environmental, social and economic values.

Taseko has engaged with both the EAO and IAAC in preparation for the submission of the IPD, and is committed to a high degree of public involvement and indigenous engagement throughout the EA and permitting processes.

The Yellowhead project is located approximately 150 kilometres north of Kamloops, B.C., in the territory of Simpcw First Nation (Simpcwul'ecw), part of the Secwepemc Nation. Since acquiring the property in 2019, Taseko has worked closely with Simpcw leadership to build a mutually beneficial relationship based on trust and respect, to better understand community priorities and interests, and to inform the Yellowhead project IPD. The project will be subject to the Simpcw process, an indigenous-led assessment and decision-making process currently in its initial phases. Taseko and Simpcw have also signed a relationship negotiation agreement, setting out an approach for the development of a relationship agreement that will define Simpcw's role in project oversight and planning and establish an economic partnership between the parties. In addition to Simpcw, Taseko has established positive working relationships with several proximal Secwepemc groups.

Stuart McDonald, president and chief executive officer, commented: "The submission of the initial project description represents a significant milestone for the Yellowhead project permitting process. We have already begun to engage stakeholders, and will ensure that the development of Yellowhead is in line with environmental and social expectations. Recently, Taseko has hosted a number of well-attended community meetings, and we look forward to continued involvement with project stakeholders and government regulators through the environmental permitting process."

Taseko has launched a dedicated project website to keep stakeholders informed about project details and status, share opportunities for feedback, and encourage participation in the EA process.

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