Taseko Mines Limited

Taseko Mines Limited

June 30, 2008 17:14 ET

Taseko Announces Change to Executive Team

VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 30, 2008) - Taseko Mines Limited (TSX:TKO)(AMEX:TGB) ("Taseko" or the "Company") announces the resignation of Jeffrey Mason as Chief Financial Officer, effective July 1, 2008. Mr. Mason will maintain his role on Taseko's Board of Directors.

Russell Hallbauer, President and CEO of Taseko commented, "On behalf of the Board, I would like to thank Jeffrey for the work he has undertaken over the past 14 plus years. He was instrumental in the purchase of the Gibraltar mine, its startup, operations and expansions to date. Jeffrey has been a key member of Taseko's senior management team and has helped significantly to advance Taseko from a junior exploration company to a preeminent Western Canadian copper producer with a market capitalization of nearly $750 million.

We wish Jeffrey all the best in this future endeavours and look forward to his continued support on the Board of Directors."

The Company has started the executive search for a new Chief Financial Officer; in the meantime, HDI Services (Hunter Dickinson) together with the Taseko personnel and management will provide the necessary financial resources, to ensure ongoing financial accounting, reporting and control functions.

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 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 capital market conditions, commodities market prices, exploitation and exploration successes, lack of continuity of mineralization, completion of the mill upgrade on time estimated and at scheduled cost, 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.

Neither the TSX Exchange nor the American Stock Exchange accepts responsibility for the adequacy or accuracy of this release.

Contact Information

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