Taseko Mines Limited

Taseko provides update on New Prosperity project

Taseko provides update on New Prosperity project

VANCOUVER, Dec. 5, 2019 /CNW/ - Taseko Mines Limited (TSX: TKO; NYSE American: TGB; LSE: TKO) ("Taseko" or the "Company") announces the following:

"The T?ilhqot'in Nation as represented by T?ilhqot'in National Government and Taseko Mines Limited have entered into a dialogue, facilitated by the Province of British Columbia, to try to obtain a long term solution to the conflict regarding Taseko's proposed gold-copper mine currently known as New Prosperity, acknowledging Taseko's commercial interests and the opposition of the T?ilhqot'in Nation to the Project. While the details of this process are confidential, in order to facilitate a dialogue the parties have agreed to a standstill on certain outstanding litigation and regulatory matters which relate to Taseko's tenures and the area in the vicinity of Teztan Biny (Fish Lake)."

Russell Hallbauer
Chief Executive Officer and Director

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" within the meaning of applicable Canadian securities legislation and the United States Private Securities Litigation Reform Act of 1995 (collectively, "forward looking statements") that were based on Taseko's expectations, estimates and projections as of the dates as of which those statements were made. Any statements that express, or involve discussions as to, expectations, believes, plans, objectives, assumptions or future events or performance that are not historical facts, are forward-looking statements.  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:

For further information on Taseko, investors should review the Company's annual Form 40-F filing with the United States Securities and Exchange Commission www.sec.gov and home jurisdiction filings that are available at www.sedar.com, including the "Risk Factors" included in our Annual Information Form.

For further information on Taseko, please visit the Taseko website at www.tasekomines.com or contact: Investor enquiries - Brian Bergot, Vice President, Investor Relations - 778-373-4533 or toll free 1-877-441-4533; Media enquiries - Brian Battison, Vice President, Corporate Affairs - 778-373-4533 or toll free 1-877-441-4533