Taseko Mines Comments on Recent Court Decision Regarding Aboriginal Title
VANCOUVER, BRITISH COLUMBIA–(Nov. 27, 2007) – Taseko Mines Limited (TSX:TKO)(AMEX:TGB) –
The William decision, released by the Supreme Court of British Columbia on November 21, 2007, has provided increased certainty for the Company’s 100% owned Prosperity gold-copper project.The Prosperity project is within the 4,381 square kilometers subject to aboriginal rights, but importantly, outside of the aboriginal title lands of approximately 2,000 square kilometers described by the Honourable Mr. Justice Vickers in his judgment.
Mr. Justice Vickers found that the Tsilhqot’in people have an aboriginal right to hunt and trap birds and animals throughout the 4,381 square kilometers, including the land affected by the Prosperity project. However, on the matter of aboriginal title, independent legal counsel to the Company has confirmed that the Court, after very careful deliberation, expressed an opinion on what area of the 4,381 square kilometers is aboriginal title land, and the proposed Prosperity mine is not in that area.
The Company is preparing for the formal environmental assessment review of the Prosperity project and is ready to advance the permitting process.
“We will continue to conduct ourselves as we always have – with respect for the Tsilhqot’in people, their culture, their history and their relationship with the land – as we work to advance the Prosperity Project,” says Brian Battison, Vice President, Corporate Affairs for Taseko Mines Limited.
For further details on Taseko and its properties and to download a copy of the Court’s decision, please visit the Company’s website at www.tasekomines.com or contact Investor Services at (604) 684-6365 or within North America at 1-800-667-2114.
Russell Hallbauer, President and CEO
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, completion of the mill upgrade on time estimated and at scheduled cost, continued availability of capital and financing, and general economic, and delays to uncertainties related to the ability to obtain necessary licenses and permits for development projects and project delays due to third party opposition, 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 or the Company’s home jurisdiction filings at www.sedar.com.
No regulatory authority has approved or disapproved the information contained in this news release.
For more information, please contact
Taseko Mines Limited
(604) 684-6365 or Toll Free: 1-800-667-2114
(604) 684-8092 (FAX)