Taseko Mines Limited

Taseko Announces 2020 Sustainability Performance

Taseko Announces 2020 Sustainability Performance

VANCOUVER, BC, April 22, 2021 /PRNewswire/ -- Taseko Mines Limited (TSX: TKO) (NYSE MKT: TGB) (LSE: TKO) ("Taseko" or the "Company") has published its annual Environmental, Social, and Governance ("ESG") Report, titled 'Sustainability: Our Low Carbon Future' (the "Report"), highlighting Taseko's sustainability performance for 2020.  

Stuart McDonald, Taseko's President, commented, "2020 was a difficult year in many respects, with lower copper prices earlier in the year and a world-wide health pandemic at the forefront; but people, communities, and companies rallied together and adapted.  During this challenging year, we continued to keep our employees safe and working, while also meeting our commitments to the environment and communities.  I want to specifically acknowledge the work of our employees whose dedication and commitment to success resulted in an environmental reclamation award, Indigenous partnerships and exceptional health and safety performance."

"Our Gibraltar Mine helped sustain economic strength in local communities, and we also worked to advance other projects, including our Florence Copper Project which will have one of the smallest environmental footprints, and lowest carbon intensity, of any copper mine in the world.  It is an opportunity for copper production with minimal environmental impacts, including: water consumption that is fourteen times lower, carbon emissions six times lower and energy consumption three times lower than a conventional mining operation.

In this year's ESG report, Taseko has reported Scope 1 and 21 greenhouse gas emissions for the Gibraltar Mine which show that the mine ranks in the first quartile of all copper mines globally.  When commercial operations at Florence Copper commence, the Company's combined GHG emissions intensity will drop even lower, to an estimated 1.53 tonnes of CO2e per tonne of copper equivalent, based on an independent analysis by Skarn Associates."

Taseko Mines' 2020 sustainability highlights includes:

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1 Scope 1 emissions are direct greenhouse (GHG) emissions that occur from sources that are controlled or owned by an organization, such as diesel used in vehicles. Scope 2 emissions are indirect GHG emissions associated with the purchase of electricity, heat, or cooling.
2 A percentage of Gibraltar new hires only

The full report can be viewed and downloaded at tasekomines.com/esg/overview

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" 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:

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.

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