Raging River Capital LP

April 18, 2016 10:17 ET

Raging River Capital LP Provides Full Details of Plan for Change at Taseko Mines Limited

Plan Will Improve Corporate Governance, Change Strategy to Focus on Operations Not High Risk Development Projects, Review Costs, and Deal With Debt Obligations

VANCOUVER, BRITISH COLUMBIA--(Marketwired - April 18, 2016) - Raging River Capital LP ("Raging River") has released its full plan for change at Taseko Mines Limited (TSX:TKO)(NYSE MKT:TGB) ("Taseko Mines"). The plan, available at www.ATrustedTaseko.com, will improve corporate governance and revamp Taseko Mines' strategy to focus on operations instead of high risk development projects and control costs.

Raging River's clear, comprehensive plan outlines six key changes:

  1. Review Gibraltar, especially the abruptly changed mine plan plus compliance and stakeholder obligations, particularly with water discharge
  2. Stop work on Florence and Aley and explore value enhancing opportunities
  3. Open respectful dialogues with First Nations and other stakeholders regarding concerns with Gibraltar and Prosperity
  4. Improve corporate governance
  5. Review costs: corporate overhead, board and management compensation and HDI services
  6. Focus on dealing with the debt obligations

Raging River has also made a replay of its shareholder town hall available. In the town hall Raging River's nominees discuss details about their comprehensive plan for change, reaffirming they are best suited to create long-term value for shareholders and put Taseko Mines back on the right track.

To hear all the details, visit www.ATrustedTaseko.com or call the replay number: (416) 621-4642 Local and International or (800) 585-8367 (North American toll free number).

Conference ID: 83971136

To find out more about Raging River's plan for change visit http://static1.squarespace.com/static/569aa2d05827c35cee1c6df9/t/570e5205c2ea51b9b79fe886/1460556298897/KNG-PPT2016-001-R4.pdf

SHAREHOLDERS ARE ENCOURAGED TO VOTE FOR CHANGE

Shareholders are encouraged to vote their BLUE proxy or VIF "FOR" the removal of each of the self-interested and conflicted incumbent Taseko directors: Ronald Thiessen, Russell Hallbauer and Robert Dickinson and the election of the following four independent and highly qualified new directors to the Board: Paul Blythe, Randy Davenport, Henry Park and Mark Radzik.

Shareholders with questions should contact Kingsdale Shareholder Services at 1-888-518-6832 toll-free in North America, or 1-416-867-2272 outside of North America, or by email at contactus@kingsdaleshareholder.com.

ADVISORS

Raging River has engaged Norton Rose Fulbright Canada LLP as its legal advisor and Kingsdale Shareholder Services as its strategic and communications advisor and proxy solicitor.

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