Press Release: Taseko Mines Announces the Appointment of Crystal Smith to its Board of Directors

Taseko Mines Announces the Appointment of Crystal Smith to its Board of Directors

VANCOUVER, British Columbia, Nov. 19, 2024 (GLOBE NEWSWIRE) -- Taseko Mines Limited (TSX: TKO; NYSE MKT: TGB; LSE: TKO) ("Taseko" or the "Company") today announced a new appointment to its Board of Directors.

Ron Thiessen, Chairman of Taseko commented, "On behalf of the entire Board, I am pleased to welcome Chief Crystal Smith to Taseko's Board of Directors. Ms. Smith has many great qualities that will strengthen our Board, through her experience as the Haisla Nation's elected Chief Councillor and her background in economic development of Indigenous-led and supported industrial projects in British Columbia."

"Ms. Smith has been a champion for the responsible development of liquified natural gas $(LNG)$ on BC's North Coast, while establishing numerous joint ventures and limited partnerships for the benefit of the Haisla Nation. Her leadership in facilitating resource development in British Columbia, and fostering mutually beneficial partnerships between industry and Indigenous groups, will greatly benefit Taseko as we look to advance our portfolio of projects in the province," added Mr. Thiessen.

Ms. Crystal Smith stated, "I am pleased to bring my years of experience in Indigenous governance, environmental advocacy and responsible industrial development to Taseko's Board of Directors as the Company seeks to grow the responsible production of copper in Canada and the United States. I believe responsible resource development, advanced in partnership with Indigenous communities, can make a positive contribution to the goals of Reconciliation, while contributing to a stronger Canadian economy and benefitting all Canadians."

Ms. Smith has served as elected Chief Councillor of the Haisla Nation for the past seven years. During that time, she was instrumental in developing Cedar LNG, the world's first Indigenous majority-owned LNG project located within Haisla territory in Kitimat, BC. A partnership with Pembina Pipeline Corporation, the project represents one of the most significant capital investments by an Indigenous nation in Canada's history. It successfully completed federal and provincial environmental assessment processes in 2023 and achieved a final investment decision in June 2024.

Ms. Smith also leads the Haisla Nation's involvement with LNG Canada, and its development of the first LNG export facility on Canada's West Coast.

Ms. Smith is Chair of the First Nations LNG Alliance, an advocacy group of Indigenous governments and organizations pursuing an expanded LNG industry in Canada. She is also a Director of the First Nations Climate Initiative, which promotes responsible economic development in support of BC and Canada's net-zero targets.

Ms. Smith obtained her ICD.D Designation through the ICD-Rotman Director Education Program in January of 2023.

For further information on Taseko, see the Company's website at www.tasekomines.com or contact:

Investor enquiries Brian Bergot, Vice President, Investor Relations -- 778-373-4554

Stuart McDonald

President and CEO

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

Caution Regarding Forward-Looking Information

This document contains "forward-looking statements" that were based on Taseko's expectations, estimates and projections as of the dates as of which those statements were made. Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as "outlook", "anticipate", "project", "target", "believe", "estimate", "expect", "intend", "should" and similar expressions.

Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause the Company's actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking statements. These included but are not limited to:

   -- uncertainties about the future market price of copper and the other 
      metals that we produce or may seek to produce; 
 
   -- changes in general economic conditions, the financial markets, inflation 
      and interest rates and in the demand and market price for our input costs, 
      such as diesel fuel, reagents, steel, concrete, electricity and other 
      forms of energy, mining equipment, and fluctuations in exchange rates, 
      particularly with respect to the value of the U.S. dollar and Canadian 
      dollar, and the continued availability of capital and financing; 
 
   -- uncertainties resulting from the war in Ukraine, and the accompanying 
      international response including economic sanctions levied against Russia, 
      which has disrupted the global economy, created increased volatility in 
      commodity markets (including oil and gas prices), and disrupted 
      international trade and financial markets, all of which have an ongoing 
      and uncertain effect on global economics, supply chains, availability of 
      materials and equipment and execution timelines for project development; 
 
   -- uncertainties about the continuing impact of the novel coronavirus 
      ("COVID-19") and the response of local, provincial, state, federal and 
      international governments to the ongoing threat of COVID-19, on our 
      operations (including our suppliers, customers, supply chains, employees 
      and contractors) and economic conditions generally including rising 
      inflation levels and in particular with respect to the demand for copper 
      and other metals we produce; 
 
   -- inherent risks associated with mining operations, including our current 
      mining operations at Gibraltar, and their potential impact on our ability 
      to achieve our production estimates; 
 
   -- uncertainties as to our ability to control our operating costs, including 
      inflationary cost pressures at Gibraltar without impacting our planned 
      copper production; 
 
   -- the risk of inadequate insurance or inability to obtain insurance to 
      cover material mining or operational risks; 
 
   -- uncertainties related to the feasibility study for Florence copper 
      project (the "Florence Copper Project" or "Florence Copper") that 
      provides estimates of expected or anticipated capital and operating costs, 
      expenditures and economic returns from this mining project, including the 
      impact of inflation on the estimated costs related to the construction of 
      the Florence Copper Project and our other development projects; 
 
   -- the risk that the results from our operations of the Florence Copper 
      production test facility ("PTF") and ongoing engineering work including 
      updated capital and operating costs will negatively impact our estimates 
      for current projected economics for commercial operations at Florence 
      Copper; 
 
   -- uncertainties related to the accuracy of our estimates of Mineral 
      Reserves (as defined below), Mineral Resources (as defined below), 
      production rates and timing of production, future production and future 
      cash and total costs of production and milling; 
 
   -- the risk that we may not be able to expand or replace reserves as our 
      existing mineral reserves are mined; 
 
   -- the availability of, and uncertainties relating to the development of, 
      additional financing and infrastructure necessary for the advancement of 
      our development projects, including with respect to our ability to obtain 
      any remaining construction financing potentially needed to move forward 
      with commercial operations at Florence Copper; 
 
   -- our ability to comply with the extensive governmental regulation to which 
      our business is subject; 
 
   -- uncertainties related to our ability to obtain necessary title, licenses 
      and permits for our development projects and project delays due to third 
      party opposition; 
 
   -- our ability to deploy strategic capital and award key contracts to assist 
      with protecting the Florence Copper project execution plan, mitigating 
      inflation risk and the potential impact of supply chain disruptions on 
      our construction schedule and ensuring a smooth transition into 
      construction; 
 
   -- uncertainties related to First Nations claims and consultation issues; 
 
   -- our reliance on rail transportation and port terminals for shipping our 
      copper concentrate production from Gibraltar; 
 
   -- uncertainties related to unexpected judicial or regulatory proceedings; 
 
   -- changes in, and the effects of, the laws, regulations and government 
      policies affecting our exploration and development activities and mining 
      operations and mine closure and bonding requirements; 
 
   -- our dependence solely on our 87.5% interest in Gibraltar (as defined 
      below) for revenues and operating cashflows; 
 
   -- our ability to collect payments from customers, extend existing 
      concentrate off-take agreements or enter into new agreements; 
 
   -- environmental issues and liabilities associated with mining including 
      processing and stock piling ore; 
 
   -- labour strikes, work stoppages, or other interruptions to, or 
      difficulties in, the employment of labour in markets in which we operate 
      our mine, industrial accidents, equipment failure or other events or 
      occurrences, including third party interference that interrupt the 
      production of minerals in our mine; 
 
   -- environmental hazards and risks associated with climate change, including 
      the potential for damage to infrastructure and stoppages of operations 
      due to forest fires, flooding, drought, or other natural events in the 
      vicinity of our operations; 
 
   -- litigation risks and the inherent uncertainty of litigation, including 
      litigation to which Florence Copper could be subject to; 
 

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