Taseko Mines Limited

Taseko Mines Limited

August 02, 2006 13:11 ET

New Director Joins Taseko Board

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Aug. 2, 2006) - Taseko Mines Limited (TSX:TKO)(AMEX:TGB) ("Taseko" or the "Company") has appointed William P. Armstrong, P.Eng., to the Company's Board of Directors.

Mr. Armstrong is a geological engineer with Bachelors and Masters of Applied Science degrees from the University of British Columbia and over 40 years of experience in the exploration and evaluation of base and precious metals projects. He recently retired from Teck Cominco Ltd., where he held the position of General Manager, Resource Evaluation. In that role he was responsible for compilation and review of all mineral reserves and resources for Teck Cominco and, prior to that, Cominco Ltd. Throughout his career, he was actively involved in numerous feasibility studies that brought many new mines into production, notably the Highland Valley Copper and Polaris operations in Canada and the Quebrada Blanca mine in Chile.

His broad range of experience with late stage and producing projects will be invaluable to Taseko as the Company advances with its plans for growth, including the expansion of Gibraltar and the potential development of Prosperity, and the evaluation of new projects that offer the opportunity for near term production.

Russell E. Hallbauer, President and CEO

This release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, that address future production, reserve potential, exploration drilling, exploitation activities and events or developments that the Company expects are forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and that actual results or developments may differ materially from those projected in the forward-looking statements. For more information on the Company, investors should review the Company's annual Form 20-F filing with the United States Securities and Exchange Commission or the Company's home jurisdiction filings at www.sedar.com.

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

Contact Information

  • Taseko Mines Limited
    Shawn Wallace
    Investor Relations
    (604) 684-6365 or Toll Free: 1-800-667-2114
    (604) 684-8092 (FAX)