Taseko Mines Limited

Taseko Mines Limited

January 08, 2007 08:54 ET

Taseko Updates Share Purchases of bcMetals Corp.

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Jan. 8, 2007) - ("Taseko" or the "Company") (TSX:TKO)(AMEX:TGB)announces that on January 5, 2007 it purchased 83,200 bcMetals shares through the TSX Venture Exchange at a price of $1.09 per share bringing its total holdings in bcMetals to 1,874,800 shares (4.88%) at an average price of $1.01. As disclosed in Taseko's November 23, 2006 take-over bid circular, as amended by the notice of variation and extension dated December 28, 2006, in connection with its conditional offer for all the shares and out of the money warrants of bcMetals, Taseko may make purchases of bcMetals shares from time to time during the currency of the bid, to a maximum of 5% of bcMetals' outstanding shares.

For further details on Taseko and its properties, please visit the Company's website at www.tasekomines.com or contact Investor Services at (604) 684-6365 or within North America at 1-800-667-2114.

Russell Hallbauer, President and CEO

Forward-Looking Statements

This news release contains forward-looking statements that are based on current expectations and which involve risks and uncertainties, including those referred to in Taseko's Annual Information Form filed with Canadian securities regulatory authorities, or Taseko's annual Form on 20F filed with United States securities regulatory authorities, that could cause actual events or results to differ materially from estimated or anticipated events or results reflected in the forward-looking statements. Such forward oriented information includes the timing of making a take-over bid and the uncertainties of it in regards to its possible success and related regulatory approvals. Mining is a risky business and actual results may differ materially from those anticipated. Readers are cautioned not to put undue reliance on forward-looking statements due to the inherent uncertainty therein. Taseko disclaims any intent or obligation to update publicly any forward-looking statements, whether as a result of new information, future events or results or otherwise.

For further information on the Company, Investors should review the Company's Canadian public filings at www.sedar.com or its US public filings at www.sec.gov.

No regulatory authority has approved or disapproved the information contained in this news release.

Contact Information

  • Taseko Mines Limited
    Shawn Wallace
    Investor Services
    (604) 684-6365 or Toll Free: 1-800-667-2114
    (604) 684-8092 (FAX)
    Website: www.tasekomines.com