Taseko Announces Pricing of SR Secured Notes

VANCOUVER, BC, April 10, 2024 -- Taseko Mines Limited (TSX: TKO) (NYSE American: TGB) (LSE: TKO) ("Taseko") today announced that it has priced an offering of US$500 million aggregate principal amount of Senior Secured Notes due 2030 (the "Notes"). Interest on the Notes will accrue at an annual rate of 8.25% payable semi-annually, and the Notes will be issued at par. The offering is expected to close on April 23, 2024, subject to customary closing conditions.

Taseko intends to use the net proceeds from this offering, together with cash on hand, to redeem all US$400 million aggregate principal amount outstanding of its Senior Secured Notes due 2026 (the "Existing Notes") (including accrued interest), to make capital expenditures, including at its Florence Copper project and Gibraltar mine, as working capital and the remainder, if any, for general corporate purposes and to pay fees and expenses in connection with this offering.

The Notes will be secured by junior priority liens on the shares of Taseko's wholly-owned subsidiaries, Gibraltar Mines Ltd. ("Gibraltar"), Curis Holdings (Canada) Ltd. ("Curis"), Florence Holdings Inc. ("Florence Holdings"), and Cariboo Copper Corp. ("Cariboo") and by Gibraltar's rights under the joint venture agreement relating to the Gibraltar mine. The Notes will also be guaranteed by certain restricted subsidiaries including Gibraltar, Curis, Florence Holdings, Cariboo, Florence Copper Holdings Inc., FC-ISR Holdings Inc., and Florence Copper LLC ("Florence"). Upon admission of a minority joint venture partner for the Florence Copper project under certain conditions, the guarantee of the bonds by Florence would be released.

Stuart McDonald

President and CEO

Caution Regarding Forward-Looking Information

For general information on Taseko, see the Company's website at www.tasekomines.com or contact: Brian Bergot, Vice President, Investor Relations - 778-373-4533.