Mr. Stuart McDonald reports

TASEKO ANNOUNCES FIRST CATHODE HARVEST AT FLORENCE COPPER

Taseko Mines Ltd.'s Florence copper operation in Arizona has harvested the first copper cathodes from its recently completed commercial production facility.

Late February, Taseko announced the start-up of Florence Copper's electrowinning plant and the commencement of copper production. Last week, the first copper cathodes were harvested, representing the first new copper production from a greenfield facility in the United States since 2008.

Once the Florence copper operation achieves its nameplate capacity of 85 million pounds of LME Grade A copper metal per year, Taseko will become the third-largest copper cathode producer in America. The operation is expected to produce a minimum of 1.5 billion pounds of copper over the next 22 years.

Stuart McDonald, president and chief executive officer of Taseko, commented: "The production of first copper in Arizona represents a landmark achievement for the Florence copper team and a major milestone for Taseko as we continue our journey to become a leading North American copper producer."

The Florence copper operation is the first greenfield site globally to employ ISCR (in situ copper recovery), a unique and low-cost method of producing copper metal that delivers compelling environmental advantages over conventional mining.

With copper production in the U.S. essentially flat in recent years and global copper demand continuing to rise, the Florence copper operation represents an important step forward for America's critical minerals strategy.

"Producing LME Grade A copper cathode for America's manufacturing sector, including automotive, semiconductor, defence/aerospace and AI [artificial intelligence] data centres, will meaningfully strengthen U.S. manufacturing and supply chain security," Mr. McDonald said. "All of the copper metal produced at Florence will remain in the United States to help address America's growing reliance on copper imports at a time of burgeoning global demand.

"The journey to first production at Florence copper -- from envisioning a stand-alone ISCR operation to undertaking the extensive test work and permitting and ultimately completing construction on time and on budget -- is a testament to the resourcefulness, purpose and commitment of the entire Taseko team," Mr. McDonald said.

"We are proud to be making copper in the United States, and we look forward to continuing to grow our business as a leading North America-focused copper producer."

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