TKO ANNOUNCES TKO ANNOUNCES |
TASEKO
ASSUMES OPERATION OF GIBRALTAR
July
17, 2006, Vancouver, BC - Taseko Mines Limited (TSX: TKO; AMEX: TGB)
announces that it has effected a notice of voluntary withdrawal from the joint
venture established with Ledcor CMI Ltd. by agreement made in September 2004.
Taseko will assume responsibility for all matters in connection with the Gibraltar
Mine with effect from November 5, 2006.
Taseko wishes to take this opportunity to acknowledge the significant efforts
and expertise of Ledcor throughout the re-commissioning phase, and for its
exceptional services as a joint venture partner during the operation of the
Gibraltar facility.
Russell E. Hallbauer
President & CEO
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No regulatory authority has approved or disapproved the information contained
in this news release.
Forward Looking Statement
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 market
prices, exploitation and exploration successes, continuing 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.