Taseko Provides Update on Copper Mountain Offer

VANCOUVER , Sept. 22 /CNW/ - Taseko Mines Limited (TSX: TKO; NYSE Amex: TGB) ("Taseko" or the "Company") confirms that it was advised by Copper Mountain counsel that securities regulators had accepted Copper Mountain's position that the brokered financing could proceed without shareholder approval, thereby making any offer from Taseko at the indicated price of $2.20 per share impossible. Accordingly, merger discussions with Copper Mountain have ceased.

    
    Russell Hallbauer
    President and CEO

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

                         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, continued availability of capital and financing, the ability to obtain and maintain required permits, including environmental, construction and mining permits 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 40-F filing with the United States Securities and Exchange Commission or the Company's home jurisdiction filings at www.sedar.com.

For further information: on Taseko, please see the Company's website www.tasekomines.com or contact Brian Bergot, Investor Relations - [phone], toll free 1-800-667-2114