TASEKO MINES LIMITED ANNOUNCES SENIOR NOTES OFFERING

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Apr 05, 2011, 02:42 ET

VANCOUVER, April 5 /PRNewswire-FirstCall/ - Taseko Mines Limited (TSX: TKO) (NYSE Amex: TGB) ("Taseko") commenced a public offering of up to US$200,000,000 aggregate principal amount of its senior notes due 2019 (the "Notes"). Taseko intends to use the net proceeds from the offering of the Notes to fund Gibraltar Development Plan 3, with any remainder to be used for general corporate purposes. The actual terms of the Notes will not be determined until completion of the offering and will be announced at that time. The Notes will not be convertible and there will be no equity component of the offering.

Barclays Capital Inc. is acting as sole book-running manager for the offering. BMO Capital Markets Corp. and TD Securities (USA) LLC are acting as co-managers for the offering.

A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This announcement is neither an offer to sell nor a solicitation of an offer to buy any securities and shall not constitute an offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale would be unlawful. Any offers of the Notes will be made exclusively by means of a prospectus supplement and accompanying prospectus.

Copies of the preliminary prospectus supplement and accompanying prospectus relating to the offering may be obtained for free by visiting the SEC website at http://www.sec.gov or, in Canada, by visiting www.sedar.com. Alternatively, the preliminary prospectus supplement may be obtained by contacting Barclays Capital Inc., or, in Canada, Barclays Capital Canada Inc., in each case, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, [email protected], toll free: (888) 603-5847.

CAUTION REGARDING FORWARD-LOOKING INFORMATION

This release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, including those that address the consummation of the offering, are forward-looking statements. For more information on the Taseko, investors should review Taseko's annual Form 40-F filing with the SEC or Taseko's equivalent home jurisdiction filings at www.sedar.com.

SOURCE Taseko Mines Limited