Taseko Takes Legal Action Against Western Canada Wilderness Committee

VANCOUVER, March 1, 2012 /PRNewswire/ - Taseko Mines Limited (TSX: TKO) (NYSE Amex: TGB) ("Taseko" or the "Company") today filed a Notice of Civil Claim against the Western Canada Wilderness Committee and Sven Biggs, the Outreach Director of that organization for a series of false and defamatory statements concerning Taseko and its proposed New Prosperity Gold-Copper Project.

Russell Hallbauer, CEO of Taseko issued the following statement:

"Taseko welcomes a full, thorough and open process to evaluate the merits of the New Prosperity project, which we believe will be a big win for British Columbia, First Nations and Canada. We cannot, however, stand idly by when certain parties such as the Western Canada Wilderness Committee mislead the public about the project.  The facts do matter. All parties benefit from an open and fair discussion of the facts, not false, misleading and harmful inaccuracies.

We have not taken this course of action lightly; we have filed this notice of civil claim only after repeated requests to the Western Canada Wilderness Committee to correct the record were not satisfactorily addressed.

Taseko has expended considerable resources and effort to minimize the environmental impact of New Prosperity and we remain committed to developing an efficient, sustainable and responsible mine."

The full New Prosperity project description - which contains extensive information on environmental impact mitigation measures - has been made available for public review. These and other resources may be found at www.newprosperityproject.ca.

Russell Hallbauer 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.

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