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Taseko Mines Limited

Thursday, October 11th, 2007

Taseko Mines Limited have entered into an agreement with a syndicate of underwriters led by Raymond James Ltd. and including Paradigm Capital Inc. and Canaccord Adams under which the underwriters have agreed to buy 7,115,385 common shares from Taseko at a price of $5.20 per Share, representing an aggregate offering of $37,000,002 (the “Brokered Offering”). The Underwriters will have an over-allotment option, exercisable at any time prior to 30 days after the closing date, to acquire up to an additional number of Shares equal to 15% of the number of Shares sold pursuant to the Offering, exercisable at the issue price. The Company expects to file a short form prospectus with the securities regulatory authorities to qualify the common shares for distribution.
The Company also intends to issue, via a non-brokered private placement at the same price as the Brokered Offering, approximately $8 million of common shares (the “Non-Brokered Offering”). Finder’s fees will be payable on the Non-Brokered Offering.
The net proceeds from the placements will be used for growth opportunities, working capital, and general corporate purposes. Closing of the two placements is expected to occur on or about October 30, 2007.

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