Taseko Announces Offering of US$325 Million of Senior Secured Notes Due 2026

TASEKO ANNOUNCES OFFERING OF US$325 MILLION OF SENIOR SECURED NOTES DUE 2026

January 25, 2021, Vancouver, BC – Taseko Mines Limited (TSX: TKO; NYSE American: TGB; LSE: TKO)

(“Taseko”) today announced that it has commenced an offering of US$325 million of Senior Secured Notes

due 2026 (the “Notes”). The aggregate principal amount, interest rate and other terms of the Notes will be

determined at pricing and are dependent upon market condi tions and other factors. Taseko intends to use

the net proceeds from this offering, together with cash on hand, to redeem its outstanding 8.75% Senior

Secured Notes due 2022 (the “Existing Notes”), to make capital expenditures, including at its Florence Copper

project and Gibraltar mine, as working capital and for general corporate purposes and to pay fees and

expenses in connection with this offering. The Notes will not be registered under the U.S. Securities Act of

1933, as amended (the “Securities Act”), or the securities laws of any other jurisdiction. The Notes will not

be qualified by a prospectus in Canada. Unless they are registered or qualified by a prospectus, the Notes

may be offered and sold, only in transactions that are exempt from registration requirements and from

prospectus qualification under Canadian securities laws. In the United States, the Notes will be offered and

sold, only to persons reasonably believed to be “qualified institutional buyers” (as defined in Rule 144A under

the Securities Act) and outside the United States, to non-U.S. persons in compliance with Regulation S under

the Securities Act. This press release is neither an offer to sell nor the solicitation of an offer to buy the Notes,

the Existing Notes or any other securities and shall not constitute an offer to sell or solicitation of an offer to

buy, or a sale of, the Notes, the Existing Notes or any other securities in any jurisdiction in which such offer,

solicitation or sale is unlawful. This press release does not constitute a notice of redemption with respect to

the Existing Notes.

Brian Bergot, Vice President, Investor Relations - 778-373-4533 or toll free 1-877-441-4533

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 STATEMENTS

This document contains forward-looking statements and forward-looking information (collectively referred

to as “forward-looking statements”), within the meaning of applicable Canadian securities legislation and

the United States Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act and 21E

of the U.S. Securities Exchange Act of 1934, as amended, which may not be based on historical fact,

including without limitation statements regarding Taseko’s expectations in respect of future financial

position, business strategy, future production, reserve potential, exploration drilling, exploitation activities,

events or developments that Taseko expects to take place in the future, projected costs and plans and

objectives. Often, but not always, forward-looking statements can be identified by the use of the words

“believes,” “may,” “plan,” “will,” “estimate,” “scheduled,” “continue,” “anticipates,” “intends,” “expects,”

“aim” and similar expressions.

Such statements reflect Taseko’s current views with respect to future events and are subject to risks and

uncertainties. These statements are necessarily based upon a number of estimates and assumptions that

are inherently subject to significant business, economic, competitive, political and social uncertainties and

contingencies. Many factors could cause Taseko’s actual results, performance or achievements to be

materially different from any future results, performance, or achievements that may be expressed or

implied by such forward-looking statements, including those contained in Taseko’s filings. For further

information on Taseko, investors should review the documents that Taseko has filed with or furnished to

the United States Securities and Exchange Commission www.sec.gov and home jurisdiction filings that are

available at www.sedar.com.