REG-Taseko Mines Limited: Taseko Provides Gibraltar Labour and Operational Update

Taseko MinesAnnouncement

11/12/2021 19:15

Taseko Announces New, Long-term Labour Agreement at Gibraltar, Updates Status
of Gibraltar Mine Shipments

VANCOUVER, BC, Nov. 29, 2021 /CNW/ - Taseko Mines Limited (TSX: TKO) (NYSE
MKT: TGB) (LSE: TKO) ("Taseko" or the "Company") is pleased to announce that
its unionized workforce at the Gibraltar Mine has ratified a new, long-term
labour agreement. The new agreement will be in place until May 31, 2024.

Stuart McDonald, President and CEO, commented, "We would like to thank all
parties involved for their hard work and commitment to the collective
bargaining process. We believe the agreement reached this month will set the
stage for successful operations at Gibraltar for years to come, with resulting
benefits for all Taseko stakeholders, including our employees and the people
and communities of the Cariboo region."

Mr. McDonald continued, "Recent flooding in southern British Columbia has not
had any impact on production at the Gibraltar Mine, but damage to rail and
highway infrastructure has prevented transportation of copper concentrate to
the Port of Vancouver over the last two weeks. Rail service is now resuming
and is expected to gradually return to normal, but the recent disruptions will
impact fourth quarter sales volumes which could be significantly lower than
copper production for the period. Any excess concentrate inventory at year-end
will be sold in the first quarter of 2022."

Stuart McDonald
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.

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:
* uncertainties about the effect of COVID-19 and the response of local,
provincial, federal and international governments to the threat of COVID-19 on
our operations (including our suppliers, customers, supply chain, employees
and contractors) and economic conditions generally and in particular with
respect to the demand for copper and other metals we produce;
* uncertainties and costs related to the Company's exploration and development
activities, such as those associated with continuity of mineralization or
determining whether mineral resources or reserves exist on a property;
* uncertainties related to the accuracy of our estimates of mineral reserves,
mineral resources, production rates and timing of production, future
production and future cash and total costs of production and milling;
* uncertainties related to feasibility studies that provide estimates of
expected or anticipated costs, expenditures and economic returns from a mining
project;
* uncertainties related to the ability to obtain necessary licenses permits
for development projects and project delays due to third party opposition;
* uncertainties related to unexpected judicial or regulatory proceedings;
* changes in, and the effects of, the laws, regulations and government
policies affecting our exploration and development activities and mining
operations, particularly laws, regulations and policies;
* changes in general economic conditions, the financial markets and in the
demand and market price for copper, gold and other minerals and commodities,
such as diesel fuel, steel, concrete, electricity and other forms of energy,
mining equipment, and fluctuations in exchange rates, particularly with
respect to the value of the U.S. dollar and Canadian dollar, and the continued
availability of capital and financing;
* the effects of forward selling instruments to protect against fluctuations
in copper prices and exchange rate movements and the risks of counterparty
defaults, and mark to market risk;
* the risk of inadequate insurance or inability to obtain insurance to cover
mining risks;
* the risk of loss of key employees; the risk of changes in accounting
policies and methods we use to report our financial condition, including
uncertainties associated with critical accounting assumptions and estimates;
* environmental issues and liabilities associated with mining including
processing and stock piling ore; and
* labour strikes, work stoppages, or other interruptions to, or difficulties
in, the employment of labour in markets in which we operate mines, or
environmental hazards, industrial accidents or other events or occurrences,
including third party interference that interrupt the production of minerals
in our mines.
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: Brian Bergot, Vice President, Investor
Relations - 778-373-4533 or toll free 1-877-441-4533



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