Taseko Closes Gibraltar MINE Silver Stream

TASEKO CLOSES GIBRALTAR MINE SILVER STREAM

March  3  2017,  Vancouver,  BC  –  Taseko  Mines  Limited  (TSX:  TKO;  NYSE  MKT:  TGB)  (“Taseko”  or  the 

"Company") is pleased to announce that it has closed the previously announced US$33 million streaming 

agreement with Osisko Gold Royalties Ltd (“Osisko”) for Taseko’s 75% share of payable silver production 

from the Gibraltar Mine. 

Under  the  terms  of  the  silver  stream,  Taseko  has  received  an  upfront  deposit  of  US$33  million  (C$44 

million) for 100% of its share of Gibraltar payable silver production until 5.9 million ounces have been 

delivered, which is approximately equivalent to Taseko’s share of the silver in the current proven and 

probable reserves. After that threshold has been met, 35% of Taseko’s share of all future silver production 

will be delivered to Osisko. Osisko will pay US$2.75 per ounce for all the silver deliveries made under the 

contract. Additionally, Osisko has been granted warrants for three million common shares of Taseko with 

a strike price of C$2.74 per share (based on a 50% premium to the 10‐day VWAP prior to closing). The 

warrants will expire on April 1, 2020. 

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  

Russell Hallbauer  

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 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.