Taseko Mines Limited

Taseko Mines Limited

July 12, 2005 10:00 ET

Taseko Appoints Russell Hallbauer as President & CEO

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - July 12, 2005) - Taseko Mines Limited (TSX VENTURE:TKO)(AMEX:TGB) announces the appointment of Russell E. Hallbauer as President and CEO of the Company, effective July 11, 2005.

Mr. Hallbauer brings extensive experience to his new position, having worked in the mining industry for the past 30 years. Prior to joining Taseko, he was General Manager of Base Metal Joint Ventures at Teck Cominco Ltd. In that role, he served as Chairman of the Management Committee for Highland Valley Copper, the largest open pit copper mine in Canada. His responsibilities also included chairing the Joint Venture Operating Committee for Compania Minera Antamina, the joint venture between BHP Billiton, Noranda, Teck Cominco and Mitsubishi that operates the Antamina zinc-copper mine in Peru. Prior to that, Mr. Hallbauer was Teck Cominco's General Manager of Coal Operations, responsible for Bullmoose, Quintette and Elkview operations, three of the largest metallurgical coal mines in western Canada. He was a key member of the group that restructured the Quintette and Elkview mines, and returned those operations to profitability.

Mr. Hallbauer is a registered Professional Engineer in BC, and a graduate of Mining Engineering program at the Colorado School of Mines, the Mining Technology program of the British Columbia Institute of Technology and of the Banff School of Advanced Management. He is a long-time member of the Canadian Institute of Mining and Metallurgy (CIM) and is the President of the CIM for 2005-2006. Mr. Hallbauer is also a past Chairman of the Mining Association of British Columbia and the British Columbia Institute of Technology's Mining Advisory Committee. His other volunteer endeavours include working with the Alzheimer Society of BC, the Leukemia Research Fund and the Vancouver United Way Campaign.

With his background in copper mining and overseeing operating joint ventures and revitalizing mines, Mr. Hallbauer will be uniquely suited to his new role at Taseko. Taseko successfully re-opened the 35,000 tonnes per day Gibraltar copper-molybdenum mine in south-central British Columbia in late 2004 and has several key initiatives under consideration, including the development of a Copper Refinery at Gibraltar and the advancement of the Prosperity copper-gold and Harmony gold exploration projects. Mr. Hallbauer joins a strong operational team, including Chief Operating Officer, Tom Milner. He takes over as President and CEO of Taseko from Ronald Thiessen, who will remain on the Board as Co-Chairman. The Board welcomes Mr. Hallbauer and looks forward to his vision and leadership.

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

Contact Information

  • Taseko Mines Limited
    Melanee Henderson
    Investor Services
    (604) 684-6365 or Toll Free: 1-800-667-2114
    (604) 684-8092 (FAX)