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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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<SEC-DOCUMENT>0000878518-05-000011.txt : 20050816
<SEC-HEADER>0000878518-05-000011.hdr.sgml : 20050816
<ACCEPTANCE-DATETIME>20050815190452
ACCESSION NUMBER:		0000878518-05-000011
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20050815
FILED AS OF DATE:		20050816
DATE AS OF CHANGE:		20050815

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			TASEKO MINES LTD
		CENTRAL INDEX KEY:			0000878518
		STANDARD INDUSTRIAL CLASSIFICATION:	GOLD & SILVER ORES [1040]
		IRS NUMBER:				000000000
		FISCAL YEAR END:			0930

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-31965
		FILM NUMBER:		051028701

	BUSINESS ADDRESS:	
		STREET 1:		1020-800 W. PENDER STREET
		CITY:			VANCOUVER BC CANADA V6C 2V6
		STATE:			A1
		ZIP:			00000
		BUSINESS PHONE:		(604) 684-6365

	MAIL ADDRESS:	
		STREET 1:		1020-800 W. PENDER STREET
		STREET 2:		V6C 2V6
		CITY:			VANCOUVER
		STATE:			A1
		ZIP:			00000
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>tko6k_081505.htm
<DESCRIPTION>PRESS RELEASE AUGUST 15, 2005
<TEXT>
<html>
<head>
<title>Taseko Reports Third Fiscal Quarter Results</title>    </head>
<body lang=EN-US link=blue vlink=purple>
<div class=Section1>
  <p align="center"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><br>
    &nbsp; <br>
    &nbsp; <br>
    <font size="4"><strong>UNITED STATES <br>
    SECURITIES AND EXCHANGE COMMISSION </strong></font><br>
    Washington, DC 20549 <br>
    &nbsp; <br>
    &nbsp; <br>
    <b><font size="4">FORM 6-K</font></b> <font size="4"><br>
    &nbsp; </font><br>
    &nbsp; <br>
    Report of Foreign Private Issuer <br>
    Pursuant to Rule 13a-16 or 15d-16 <br>
    of the Securities Exchange Act of 1934 <br>
    &nbsp; <br>
    &nbsp; <br>
    <b>CIK # 878518</b> <br>
    &nbsp; <br>
    &nbsp; <br>
    As at August 15, 2005 <br>
    &nbsp; <br>
    &nbsp; <br>
    <b> <u><font size="4">TASEKO MINES LIMITED</font></u></b> <br>
    <b>800 West Pender Street, Suite 1020</b> <br>
    <b>Vancouver</b> <b>, British Columbia</b> <br>
    <b>Canada</b> <b> V6C 2V6</b> <br>
    &nbsp; <br>
    &nbsp; <br>
    Indicate by check mark whether the registrant files or will file annual reports
    under cover Form 20-F or Form 40-F. <br>
    &nbsp; <br>
    Form 20-F...X.... Form 40-F......... <br>
    &nbsp; <br>
    Indicate by check mark if the registrant is submitting the Form 6-K in paper
    as permitted by Regulation S-T Rule 101(b)(1): ____ <br>
    &nbsp; <br>
    &nbsp; <br>
    Note: Regulation S-T Rule 101(b)(1) only permits the submission in paper of
    a Form 6-K if submitted solely to provide an attached annual report to security
    holders. <br>
    &nbsp; <br>
    &nbsp; <br>
    Indicate by check mark if the registrant is submitting the Form 6-K in paper
    as permitted by Regulation S-T Rule 101(b)(7): ____ <br>
    &nbsp; <br>
    &nbsp; <br>
    Indicate by check mark whether by furnishing the information contained in
    this Form, the registrant is also thereby furnishing the information to the
    Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of
    1934. <br>
    &nbsp; <br>
    Yes ..... No ..... <br>
    &nbsp; <br>
    If &quot;Yes&quot; is marked, indicate below the file number assigned to the
    registrant in connection with Rule 12g3-2(b): 82- ________ <br>
    &nbsp; <br>
    Signatures <br>
    Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant
    has duly caused this report to be signed on its behalf by the undersigned,
    thereunto duly authorized. <br>
    &nbsp; <br>
    &nbsp; <br>
    By: /s/ Jeffrey R. Mason <br>
    Director and Chief Financial Officer <br>
    &nbsp; <br>
    Date: August 15, 2005 <br>
    &nbsp; <br>
    Print the name and title of the signing officer under his signature. <br>
    &nbsp; <br>
    ------------------- <br>
    <strong>Taseko Mines Limited <br>
    1020 - 800 W Pender Street <br>
    Vancouver BC <br>
    Canada V6C 2V6 <br>
    Tel 604 684 - 6365 <br>
    Fax 604 684 - 8092 <br>
    Toll Free 1 800 667 - 2114 <br>
    www.tasekomines.com </strong></font></p>
  <p align="center"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong><br>
    TASEKO REPORTS THIRD FISCAL QUARTER RESULTS </strong></font></p>
  <p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">
    <b>&nbsp;</b> <br>
    <b>August 15, 2005, Vancouver, BC </b>&#45; Taseko Mines Limited (TSX Venture:
    TKO; AMEX: TGB) announces financial results for the three months ending June
    30, 2005 - the Company&#39;s third fiscal quarter of 2005 - and its Gibraltar
    copper-molybdenum mine in south-central British Columbia. The Gibraltar mine
    is operated under a joint venture arrangement between Taseko&#39;s wholly
    owned subsidiary, Gibraltar Mines Ltd., and Ledcor CMI Ltd. <br>
    <b>&nbsp;</b> <br>
    <b>THIRD QUARTER 2005 HIGHLIGHTS</b> </font></p>
  <p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><b>-&nbsp;</b>
    &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gibraltar recorded revenues of
    $32.3 million from sales of copper concentrate, and by-product credits of
    $7.9 million from sales of molybdenum. <br>
    -&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The average prices for sales
    realized in the quarter were US$1.51 for copper and US$34 for molybdenum.
    <br>
    -&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Copper concentrate production
    during the quarter was 27,500 wet metric tonnes (&#34;WMT&#34;), or 15.5 million
    pounds of copper. <br>
    -&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; During the quarter, 32,100
    WMT of copper concentrate was sold totalling 17.25 million pounds of copper.
    <br>
    -&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Molybdenum in concentrate
    production during the quarter was 178,000 pounds. <br>
    -&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; During the quarter, 223,000
    pounds of molybdenum in concentrate was sold. <br>
    &nbsp; <br>
    <b>Results of Operations</b> <br>
    <b>&nbsp;</b> <br>
    The Company&#39;s net earnings for the third quarter of fiscal 2005 were $10.1
    million, compared to a loss of $1.96&nbsp;million in the previous quarter
    and the $6.4&nbsp;million loss in the third quarter of fiscal 2004. The improvement
    is related to a restart of active mining operations at the Gibraltar mine
    during the current fiscal year, and increased sales of both copper and molybdenum
    concentrate during the quarter. <br>
    &nbsp; <br>
    <b>Gibraltar</b> <b> Mine Performance</b> <br>
    <b>&nbsp;</b> <br>
    Mining operations achieved a daily mining rate of 114,000 tons per day in
    the quarter. The following table is a summary of the operating statistics
    for the third quarter compared to forecast. <br>
    &nbsp; </font> </p>
  <div align="justify">
    <table class=MsoNormalTable border=1 cellspacing=0 cellpadding=0 width=643  style=&#39;width:481.95pt;margin-left:5.4pt;border-collapse:collapse;border:none&#39;>
      <tr>
        <td width=204 valign=top style=&#39;width:153.0pt;border:solid windowtext 1.0pt;   background:#E0E0E0;padding:0in 5.4pt 0in 5.4pt&#39;>
          <font color="#000000" size="2" face="Arial, Helvetica, sans-serif"><br>
          &nbsp; </font></td>
        <td width=98 valign=top style=&#39;width:73.8pt;border:solid windowtext 1.0pt;   border-left:none;background:#E0E0E0;padding:0in 5.4pt 0in 5.4pt&#39;>
          <font color="#000000" size="2" face="Arial, Helvetica, sans-serif"><br>
          <b>Actual</b> </font></td>
        <td width=85 valign=top style=&#39;width:63.8pt;border:solid windowtext 1.0pt;   border-left:none;background:#E0E0E0;padding:0in 5.4pt 0in 5.4pt&#39;>
          <font color="#000000" size="2" face="Arial, Helvetica, sans-serif"><br>
          <b>Forecast</b> </font></td>
        <td width=85 valign=top style=&#39;width:63.8pt;border:solid windowtext 1.0pt;   border-left:none;background:#E0E0E0;padding:0in 5.4pt 0in 5.4pt&#39;>
          <font color="#000000" size="2" face="Arial, Helvetica, sans-serif"><br>
          <b>Variance</b> </font></td>
        <td width=170 valign=top style=&#39;width:127.55pt;border:solid windowtext 1.0pt;   border-left:none;background:#E0E0E0;padding:0in 5.4pt 0in 5.4pt&#39;>
          <font color="#000000" size="2" face="Arial, Helvetica, sans-serif"><br>
          <b>Comments</b> </font></td>
      </tr>
      <tr>
        <td width=204 valign=top style=&#39;width:153.0pt;border:solid windowtext 1.0pt;   border-top:none;padding:0in 5.4pt 0in 5.4pt&#39;>
          <font size="2" face="Arial, Helvetica, sans-serif"><br>
          <b>Ore</b> <b> + Waste Mined (tons)</b> </font></td>
        <font size="2" face="Verdana, Arial, Helvetica, sans-serif"><font face="Arial, Helvetica, sans-serif"><td width=98 valign=top style=&#39;width:73.8pt;border-top:none;border-left:none;   border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;   padding:0in 5.4pt 0in 5.4pt&#39;></font></font><br>
        10,330,184 <font size="2" face="Verdana, Arial, Helvetica, sans-serif"></td></font><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><td width=85 valign=top style=&#39;width:63.8pt;border-top:none;border-left:none;   border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;   padding:0in 5.4pt 0in 5.4pt&#39;></font><br>
        10,920,000 <font size="2" face="Verdana, Arial, Helvetica, sans-serif"><font face="Arial, Helvetica, sans-serif"></td></font></font><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><td width=85 valign=top style=&#39;width:63.8pt;border-top:none;border-left:none;   border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;   padding:0in 5.4pt 0in 5.4pt&#39;></font><br>
        -5.4% <font size="2" face="Verdana, Arial, Helvetica, sans-serif"></td></font><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><td width=170 valign=top style=&#39;width:127.55pt;border-top:none;border-left:   none;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;   padding:0in 5.4pt 0in 5.4pt&#39;></font><br>
        Extended hauling distance for overburden to be used for reclamation of
        waste dumps. <font size="2" face="Verdana, Arial, Helvetica, sans-serif"><font face="Arial, Helvetica, sans-serif"></td></font></font></tr>
      <tr>
        <td width=204 valign=top style=&#39;width:153.0pt;border:solid windowtext 1.0pt;   border-top:none;padding:0in 5.4pt 0in 5.4pt&#39;>
          <font size="2" face="Arial, Helvetica, sans-serif"><br>
          <b>Ore</b> <b> milled (tons)</b> </font></td>
        <font size="2" face="Verdana, Arial, Helvetica, sans-serif"><font face="Arial, Helvetica, sans-serif"><td width=98 valign=top style=&#39;width:73.8pt;border-top:none;border-left:none;   border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;   padding:0in 5.4pt 0in 5.4pt&#39;></font></font><br>
        3,051,370 <font size="2" face="Verdana, Arial, Helvetica, sans-serif"></td></font><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><td width=85 valign=top style=&#39;width:63.8pt;border-top:none;border-left:none;   border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;   padding:0in 5.4pt 0in 5.4pt&#39;></font><br>
        3,162,900 <font size="2" face="Verdana, Arial, Helvetica, sans-serif"><font face="Arial, Helvetica, sans-serif"></td></font></font><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><td width=85 valign=top style=&#39;width:63.8pt;border-top:none;border-left:none;   border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;   padding:0in 5.4pt 0in 5.4pt&#39;></font><br>
        -3.5% <font size="2" face="Verdana, Arial, Helvetica, sans-serif"></td></font><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><td width=170 valign=top style=&#39;width:127.55pt;border-top:none;border-left:   none;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;   padding:0in 5.4pt 0in 5.4pt&#39;></font><br>
        Lower mill throughput due to harder ore and coarse feed to rod mills.
        <font size="2" face="Verdana, Arial, Helvetica, sans-serif"><font face="Arial, Helvetica, sans-serif"></td></font></font></tr>
      <tr>
        <td width=204 valign=top style=&#39;width:153.0pt;border:solid windowtext 1.0pt;   border-top:none;padding:0in 5.4pt 0in 5.4pt&#39;>
          <font size="2" face="Arial, Helvetica, sans-serif"><br>
          <b>Stripping ratio</b> </font></td>
        <font size="2" face="Verdana, Arial, Helvetica, sans-serif"><font face="Arial, Helvetica, sans-serif"><td width=98 valign=top style=&#39;width:73.8pt;border-top:none;border-left:none;   border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;   padding:0in 5.4pt 0in 5.4pt&#39;></font></font><br>
        2.38 <font size="2" face="Verdana, Arial, Helvetica, sans-serif"></td></font><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><td width=85 valign=top style=&#39;width:63.8pt;border-top:none;border-left:none;   border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;   padding:0in 5.4pt 0in 5.4pt&#39;></font><br>
        2.45 <font size="2" face="Verdana, Arial, Helvetica, sans-serif"><font face="Arial, Helvetica, sans-serif"></td></font></font><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><td width=85 valign=top style=&#39;width:63.8pt;border-top:none;border-left:none;   border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;   padding:0in 5.4pt 0in 5.4pt&#39;></font><br>
        -2.9% <font size="2" face="Verdana, Arial, Helvetica, sans-serif"></td></font><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><td width=170 valign=top style=&#39;width:127.55pt;border-top:none;border-left:   none;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;   padding:0in 5.4pt 0in 5.4pt&#39;></font><br>
        &nbsp; <font size="2" face="Verdana, Arial, Helvetica, sans-serif"><font face="Arial, Helvetica, sans-serif"></td></font></font></tr>
      <tr>
        <td width=204 valign=top style=&#39;width:153.0pt;border:solid windowtext 1.0pt;   border-top:none;padding:0in 5.4pt 0in 5.4pt&#39;>
          <font size="2" face="Arial, Helvetica, sans-serif"><br>
          <b>&nbsp;</b> </font></td>
        <font size="2" face="Verdana, Arial, Helvetica, sans-serif"><font face="Arial, Helvetica, sans-serif"><td width=98 valign=top style=&#39;width:73.8pt;border-top:none;border-left:none;   border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;   padding:0in 5.4pt 0in 5.4pt&#39;></font></font><br>
        &nbsp; <font size="2" face="Verdana, Arial, Helvetica, sans-serif"></td></font><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><td width=85 valign=top style=&#39;width:63.8pt;border-top:none;border-left:none;   border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;   padding:0in 5.4pt 0in 5.4pt&#39;></font><br>
        &nbsp; <font size="2" face="Verdana, Arial, Helvetica, sans-serif"><font face="Arial, Helvetica, sans-serif"></td></font></font><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><td width=85 valign=top style=&#39;width:63.8pt;border-top:none;border-left:none;   border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;   padding:0in 5.4pt 0in 5.4pt&#39;></font><br>
        &nbsp; <font size="2" face="Verdana, Arial, Helvetica, sans-serif"></td></font><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><td width=170 valign=top style=&#39;width:127.55pt;border-top:none;border-left:   none;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;   padding:0in 5.4pt 0in 5.4pt&#39;></font><br>
        &nbsp; <font size="2" face="Verdana, Arial, Helvetica, sans-serif"><font face="Arial, Helvetica, sans-serif"></td></font></font></tr>
      <tr>
        <td width=204 valign=top style=&#39;width:153.0pt;border:solid windowtext 1.0pt;   border-top:none;padding:0in 5.4pt 0in 5.4pt&#39;>
          <font size="2" face="Arial, Helvetica, sans-serif"><br>
          <b>Copper grade (%) </b> </font></td>
        <font size="2" face="Verdana, Arial, Helvetica, sans-serif"><font face="Arial, Helvetica, sans-serif"><td width=98 valign=top style=&#39;width:73.8pt;border-top:none;border-left:none;   border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;   padding:0in 5.4pt 0in 5.4pt&#39;></font></font><br>
        0.314% <font size="2" face="Verdana, Arial, Helvetica, sans-serif"></td></font><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><td width=85 valign=top style=&#39;width:63.8pt;border-top:none;border-left:none;   border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;   padding:0in 5.4pt 0in 5.4pt&#39;></font><br>
        0.309% <font size="2" face="Verdana, Arial, Helvetica, sans-serif"><font face="Arial, Helvetica, sans-serif"></td></font></font><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><td width=85 valign=top style=&#39;width:63.8pt;border-top:none;border-left:none;   border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;   padding:0in 5.4pt 0in 5.4pt&#39;></font><br>
        +1.6% <font size="2" face="Verdana, Arial, Helvetica, sans-serif"></td></font><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><td width=170 valign=top style=&#39;width:127.55pt;border-top:none;border-left:   none;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;   padding:0in 5.4pt 0in 5.4pt&#39;></font><br>
        &nbsp; <font size="2" face="Verdana, Arial, Helvetica, sans-serif"><font face="Arial, Helvetica, sans-serif"></td></font></font></tr>
      <tr>
        <td width=204 valign=top style=&#39;width:153.0pt;border:solid windowtext 1.0pt;   border-top:none;padding:0in 5.4pt 0in 5.4pt&#39;>
          <font size="2" face="Arial, Helvetica, sans-serif"><br>
          <b>Molybdenum grade (% MoS <sub>2</sub>) </b> </font></td>
        <font size="2" face="Verdana, Arial, Helvetica, sans-serif"><font face="Arial, Helvetica, sans-serif"><td width=98 valign=top style=&#39;width:73.8pt;border-top:none;border-left:none;   border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;   padding:0in 5.4pt 0in 5.4pt&#39;></font></font><br>
        0.018% <font size="2" face="Verdana, Arial, Helvetica, sans-serif"></td></font><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><td width=85 valign=top style=&#39;width:63.8pt;border-top:none;border-left:none;   border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;   padding:0in 5.4pt 0in 5.4pt&#39;></font><br>
        0.016% <font size="2" face="Verdana, Arial, Helvetica, sans-serif"><font face="Arial, Helvetica, sans-serif"></td></font></font><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><td width=85 valign=top style=&#39;width:63.8pt;border-top:none;border-left:none;   border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;   padding:0in 5.4pt 0in 5.4pt&#39;></font><br>
        +12.5% <font size="2" face="Verdana, Arial, Helvetica, sans-serif"></td></font><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><td width=170 valign=top style=&#39;width:127.55pt;border-top:none;border-left:   none;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;   padding:0in 5.4pt 0in 5.4pt&#39;></font><br>
        &nbsp; <font size="2" face="Verdana, Arial, Helvetica, sans-serif"><font face="Arial, Helvetica, sans-serif"></td></font></font></tr>
      <tr>
        <td width=204 valign=top style=&#39;width:153.0pt;border:solid windowtext 1.0pt;   border-top:none;padding:0in 5.4pt 0in 5.4pt&#39;>
          <font size="2" face="Arial, Helvetica, sans-serif"><br>
          <b>&nbsp;</b> </font></td>
        <font size="2" face="Verdana, Arial, Helvetica, sans-serif"><font face="Arial, Helvetica, sans-serif"><td width=98 valign=top style=&#39;width:73.8pt;border-top:none;border-left:none;   border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;   padding:0in 5.4pt 0in 5.4pt&#39;></font></font><br>
        &nbsp; <font size="2" face="Verdana, Arial, Helvetica, sans-serif"></td></font><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><td width=85 valign=top style=&#39;width:63.8pt;border-top:none;border-left:none;   border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;   padding:0in 5.4pt 0in 5.4pt&#39;></font><br>
        &nbsp; <font size="2" face="Verdana, Arial, Helvetica, sans-serif"><font face="Arial, Helvetica, sans-serif"></td></font></font><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><td width=85 valign=top style=&#39;width:63.8pt;border-top:none;border-left:none;   border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;   padding:0in 5.4pt 0in 5.4pt&#39;></font><br>
        &nbsp; <font size="2" face="Verdana, Arial, Helvetica, sans-serif"></td></font><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><td width=170 valign=top style=&#39;width:127.55pt;border-top:none;border-left:   none;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;   padding:0in 5.4pt 0in 5.4pt&#39;></font><br>
        &nbsp; <font size="2" face="Verdana, Arial, Helvetica, sans-serif"><font face="Arial, Helvetica, sans-serif"></td></font></font></tr>
      <tr>
        <td width=204 valign=top style=&#39;width:153.0pt;border:solid windowtext 1.0pt;   border-top:none;padding:0in 5.4pt 0in 5.4pt&#39;>
          <font size="2" face="Arial, Helvetica, sans-serif"><br>
          <b>Copper Recovery (%)</b> </font></td>
        <font size="2" face="Verdana, Arial, Helvetica, sans-serif"><font face="Arial, Helvetica, sans-serif"><td width=98 valign=top style=&#39;width:73.8pt;border-top:none;border-left:none;   border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;   padding:0in 5.4pt 0in 5.4pt&#39;></font></font><br>
        80.8% <font size="2" face="Verdana, Arial, Helvetica, sans-serif"></td></font><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><td width=85 valign=top style=&#39;width:63.8pt;border-top:none;border-left:none;   border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;   padding:0in 5.4pt 0in 5.4pt&#39;></font><br>
        82.6% <font size="2" face="Verdana, Arial, Helvetica, sans-serif"><font face="Arial, Helvetica, sans-serif"></td></font></font><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><td width=85 valign=top style=&#39;width:63.8pt;border-top:none;border-left:none;   border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;   padding:0in 5.4pt 0in 5.4pt&#39;></font><br>
        -2.2% <font size="2" face="Verdana, Arial, Helvetica, sans-serif"></td></font><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><td width=170 valign=top style=&#39;width:127.55pt;border-top:none;border-left:   none;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;   padding:0in 5.4pt 0in 5.4pt&#39;></font><br>
        Copper recovery was adversely affected by mining of some supergene ore.
        <font size="2" face="Verdana, Arial, Helvetica, sans-serif"><font face="Arial, Helvetica, sans-serif"></td></font></font></tr>
      <tr>
        <td width=204 valign=top style=&#39;width:153.0pt;border:solid windowtext 1.0pt;   border-top:none;padding:0in 5.4pt 0in 5.4pt&#39;>
          <font size="2" face="Arial, Helvetica, sans-serif"><br>
          <b>Molybdenum Recovery (%)</b> </font></td>
        <font size="2" face="Verdana, Arial, Helvetica, sans-serif"><font face="Arial, Helvetica, sans-serif"><td width=98 valign=top style=&#39;width:73.8pt;border-top:none;border-left:none;   border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;   padding:0in 5.4pt 0in 5.4pt&#39;></font></font><br>
        26.5% <font size="2" face="Verdana, Arial, Helvetica, sans-serif"></td></font><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><td width=85 valign=top style=&#39;width:63.8pt;border-top:none;border-left:none;   border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;   padding:0in 5.4pt 0in 5.4pt&#39;></font><br>
        30.8% <font size="2" face="Verdana, Arial, Helvetica, sans-serif"><font face="Arial, Helvetica, sans-serif"></td></font></font><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><td width=85 valign=top style=&#39;width:63.8pt;border-top:none;border-left:none;   border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;   padding:0in 5.4pt 0in 5.4pt&#39;></font><br>
        -13.9% <font size="2" face="Verdana, Arial, Helvetica, sans-serif"></td></font><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><td width=170 valign=top style=&#39;width:127.55pt;border-top:none;border-left:   none;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;   padding:0in 5.4pt 0in 5.4pt&#39;></font><br>
        Molybdenum recovery adversely affected by variability in ore feed. <font size="2" face="Verdana, Arial, Helvetica, sans-serif"><font face="Arial, Helvetica, sans-serif"></td></font></font></tr>
      <tr>
        <td width=204 valign=top style=&#39;width:153.0pt;border:solid windowtext 1.0pt;   border-top:none;padding:0in 5.4pt 0in 5.4pt&#39;>
          <font size="2" face="Arial, Helvetica, sans-serif"><br>
          <b>&nbsp;</b> </font></td>
        <font size="2" face="Verdana, Arial, Helvetica, sans-serif"><font face="Arial, Helvetica, sans-serif"><td width=98 valign=top style=&#39;width:73.8pt;border-top:none;border-left:none;   border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;   padding:0in 5.4pt 0in 5.4pt&#39;></font></font><br>
        &nbsp; <font size="2" face="Verdana, Arial, Helvetica, sans-serif"></td></font><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><td width=85 valign=top style=&#39;width:63.8pt;border-top:none;border-left:none;   border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;   padding:0in 5.4pt 0in 5.4pt&#39;></font><br>
        &nbsp; <font size="2" face="Verdana, Arial, Helvetica, sans-serif"><font face="Arial, Helvetica, sans-serif"></td></font></font><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><td width=85 valign=top style=&#39;width:63.8pt;border-top:none;border-left:none;   border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;   padding:0in 5.4pt 0in 5.4pt&#39;></font><br>
        &nbsp; <font size="2" face="Verdana, Arial, Helvetica, sans-serif"></td></font><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><td width=170 valign=top style=&#39;width:127.55pt;border-top:none;border-left:   none;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;   padding:0in 5.4pt 0in 5.4pt&#39;></font><br>
        &nbsp; <font size="2" face="Verdana, Arial, Helvetica, sans-serif"><font face="Arial, Helvetica, sans-serif"></td></font></font></tr>
      <tr>
        <td width=204 valign=top style=&#39;width:153.0pt;border:solid windowtext 1.0pt;   border-top:none;padding:0in 5.4pt 0in 5.4pt&#39;>
          <font size="2" face="Arial, Helvetica, sans-serif"><br>
          <b>Copper Production (lbs)</b> </font></td>
        <font size="2" face="Verdana, Arial, Helvetica, sans-serif"><font face="Arial, Helvetica, sans-serif"><td width=98 valign=top style=&#39;width:73.8pt;border-top:none;border-left:none;   border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;   padding:0in 5.4pt 0in 5.4pt&#39;></font></font><br>
        15,498,361 <font size="2" face="Verdana, Arial, Helvetica, sans-serif"></td></font><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><td width=85 valign=top style=&#39;width:63.8pt;border-top:none;border-left:none;   border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;   padding:0in 5.4pt 0in 5.4pt&#39;></font><br>
        16,169,000 <font size="2" face="Verdana, Arial, Helvetica, sans-serif"><font face="Arial, Helvetica, sans-serif"></td></font></font><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><td width=85 valign=top style=&#39;width:63.8pt;border-top:none;border-left:none;   border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;   padding:0in 5.4pt 0in 5.4pt&#39;></font><br>
        -4.1% <font size="2" face="Verdana, Arial, Helvetica, sans-serif"></td></font><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><td width=170 valign=top style=&#39;width:127.55pt;border-top:none;border-left:   none;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;   padding:0in 5.4pt 0in 5.4pt&#39;></font><br>
        &nbsp; <font size="2" face="Verdana, Arial, Helvetica, sans-serif"><font face="Arial, Helvetica, sans-serif"></td></font></font></tr>
      <tr>
        <td width=204 valign=top style=&#39;width:153.0pt;border:solid windowtext 1.0pt;   border-top:none;padding:0in 5.4pt 0in 5.4pt&#39;>
          <font size="2" face="Arial, Helvetica, sans-serif"><br>
          <b>Molybdenum Production (lbs)</b> </font></td>
        <font size="2" face="Verdana, Arial, Helvetica, sans-serif"><font face="Arial, Helvetica, sans-serif"><td width=98 valign=top style=&#39;width:73.8pt;border-top:none;border-left:none;   border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;   padding:0in 5.4pt 0in 5.4pt&#39;></font></font><br>
        177,593 <font size="2" face="Verdana, Arial, Helvetica, sans-serif"></td></font><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><td width=85 valign=top style=&#39;width:63.8pt;border-top:none;border-left:none;   border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;   padding:0in 5.4pt 0in 5.4pt&#39;></font><br>
        193,000 <font size="2" face="Verdana, Arial, Helvetica, sans-serif"><font face="Arial, Helvetica, sans-serif"></td></font></font><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><td width=85 valign=top style=&#39;width:63.8pt;border-top:none;border-left:none;   border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;   padding:0in 5.4pt 0in 5.4pt&#39;></font><br>
        -8.0% <font size="2" face="Verdana, Arial, Helvetica, sans-serif"></td></font><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><td width=170 valign=top style=&#39;width:127.55pt;border-top:none;border-left:   none;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;   padding:0in 5.4pt 0in 5.4pt&#39;></font><br>
        &nbsp; <font size="2" face="Verdana, Arial, Helvetica, sans-serif"><font face="Arial, Helvetica, sans-serif"></td></font></font></tr>
      <tr>
        <td width=204 valign=top style=&#39;width:153.0pt;border:solid windowtext 1.0pt;   border-top:none;padding:0in 5.4pt 0in 5.4pt&#39;>
          <font size="2" face="Arial, Helvetica, sans-serif"><br>
          <b>&nbsp;</b> </font></td>
        <font size="2" face="Verdana, Arial, Helvetica, sans-serif"><font face="Arial, Helvetica, sans-serif"><td width=98 valign=top style=&#39;width:73.8pt;border-top:none;border-left:none;   border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;   padding:0in 5.4pt 0in 5.4pt&#39;></font></font><br>
        &nbsp; <font size="2" face="Verdana, Arial, Helvetica, sans-serif"></td></font><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><td width=85 valign=top style=&#39;width:63.8pt;border-top:none;border-left:none;   border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;   padding:0in 5.4pt 0in 5.4pt&#39;></font><br>
        &nbsp; <font size="2" face="Verdana, Arial, Helvetica, sans-serif"><font face="Arial, Helvetica, sans-serif"></td></font></font><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><td width=85 valign=top style=&#39;width:63.8pt;border-top:none;border-left:none;   border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;   padding:0in 5.4pt 0in 5.4pt&#39;></font><br>
        &nbsp; <font size="2" face="Verdana, Arial, Helvetica, sans-serif"></td></font><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><td width=170 valign=top style=&#39;width:127.55pt;border-top:none;border-left:   none;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;   padding:0in 5.4pt 0in 5.4pt&#39;></font><br>
        &nbsp; <font size="2" face="Verdana, Arial, Helvetica, sans-serif"><font face="Arial, Helvetica, sans-serif"></td></font></font></tr>
      <tr>
        <td width=204 valign=top style=&#39;width:153.0pt;border:solid windowtext 1.0pt;   border-top:none;padding:0in 5.4pt 0in 5.4pt&#39;>
          <font size="2" face="Arial, Helvetica, sans-serif"><br>
          <b>Copper Sales (lbs)</b> </font></td>
        <font size="2" face="Verdana, Arial, Helvetica, sans-serif"><font face="Arial, Helvetica, sans-serif"><td width=98 valign=top style=&#39;width:73.8pt;border-top:none;border-left:none;   border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;   padding:0in 5.4pt 0in 5.4pt&#39;></font></font><br>
        17,253,555 <font size="2" face="Verdana, Arial, Helvetica, sans-serif"></td></font><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><td width=85 valign=top style=&#39;width:63.8pt;border-top:none;border-left:none;   border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;   padding:0in 5.4pt 0in 5.4pt&#39;></font><br>
        16,169,000 <font size="2" face="Verdana, Arial, Helvetica, sans-serif"><font face="Arial, Helvetica, sans-serif"></td></font></font><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><td width=85 valign=top style=&#39;width:63.8pt;border-top:none;border-left:none;   border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;   padding:0in 5.4pt 0in 5.4pt&#39;></font><br>
        +6.7% <font size="2" face="Verdana, Arial, Helvetica, sans-serif"></td></font><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><td width=170 valign=top style=&#39;width:127.55pt;border-top:none;border-left:   none;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;   padding:0in 5.4pt 0in 5.4pt&#39;></font><br>
        Includes reduction in inventory. <font size="2" face="Verdana, Arial, Helvetica, sans-serif"><font face="Arial, Helvetica, sans-serif"></td></font></font></tr>
      <tr>
        <td width=204 valign=top style=&#39;width:153.0pt;border:solid windowtext 1.0pt;   border-top:none;padding:0in 5.4pt 0in 5.4pt&#39;>
          <font size="2" face="Arial, Helvetica, sans-serif"><br>
          <b>Molybdenum Sales (lbs)</b> </font></td>
        <font size="2" face="Verdana, Arial, Helvetica, sans-serif"><font face="Arial, Helvetica, sans-serif"><td width=98 valign=top style=&#39;width:73.8pt;border-top:none;border-left:none;   border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;   padding:0in 5.4pt 0in 5.4pt&#39;></font></font><br>
        223,187 <font size="2" face="Verdana, Arial, Helvetica, sans-serif"></td></font><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><td width=85 valign=top style=&#39;width:63.8pt;border-top:none;border-left:none;   border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;   padding:0in 5.4pt 0in 5.4pt&#39;></font><br>
        193,000 <font size="2" face="Verdana, Arial, Helvetica, sans-serif"><font face="Arial, Helvetica, sans-serif"></td></font></font><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><td width=85 valign=top style=&#39;width:63.8pt;border-top:none;border-left:none;   border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;   padding:0in 5.4pt 0in 5.4pt&#39;></font><br>
        +15.6% <font size="2" face="Verdana, Arial, Helvetica, sans-serif"></td></font><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><td width=170 valign=top style=&#39;width:127.55pt;border-top:none;border-left:   none;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;   padding:0in 5.4pt 0in 5.4pt&#39;></font><br>
        Includes reduction in inventory. <font size="2" face="Verdana, Arial, Helvetica, sans-serif"><font face="Arial, Helvetica, sans-serif"></td></font></font></tr>
    </table>
    <font size="2" face="Verdana, Arial, Helvetica, sans-serif"><br>
    Copper produced in concentrate during the quarter was 15.5 million pounds,
    an increase from 14.2 million pounds produced in the previous quarter when
    inclement weather and characteristics of the ore led to processing difficulties.
    Molybdenum produced in concentrate during the quarter was 178,000 pounds,
    an increase from 141,295 pounds produced in the second quarter. Copper recovery
    was adversely affected by mining of some supergene ore. Molybdenum recovery
    continues to be a challenge due to the variability in the ore feed. Copper
    concentrate sales for the quarter were 32,100 WMT, 13% above forecast, an
    increase from 26,500 WMT in the previous quarter. The Company also sold 223,000
    pounds of molybdenum, an increase from 78,000 pounds sold in the previous
    quarter. <br>
    At quarter end, the copper concentrate inventory was 6,900 WMT (containing
    about 4.1 million pounds of copper), a decrease from 11,500 WMT (containing
    about 6.7 million pounds of copper) in inventory at the end of the previous
    quarter. Molybdenum in concentrate inventory was 18,000 pounds, a decrease
    from 63,000 pounds at the end of the previous quarter. <br>
    &nbsp; <br>
    Taseko is pleased to announce that there have been no time lost accidents
    since the October 2004 mine start up. <br>
    <b>&nbsp;</b> <br>
    <b>Labour</b> <br>
    <b>&nbsp;</b> <br>
    Manpower at the end of the quarter was 247 personnel, compared to 242 at the
    end of the second quarter and the planned complement of 254. <br>
    &nbsp; <br>
    The Christian Labour Association of Canada (&#34;CLAC&#34;) represents the
    unionized workers at Gibraltar. According to BC labour laws, the representing
    union can be challenged during certain specific time periods of a collective
    agreement in an effort to change union representation. The Canadian Auto Workers
    exercised that option in the third quarter and a union certification vote
    was held in June and counted under the supervision of the BC Labour Relations
    Board on July 26, 2005. The majority of the unionized workers voted to retain
    CLAC. As the representative union at the Gibraltar mine site, CLAC is now
    free from the threat of any further challenges until 2007. <br>
    <b>&nbsp;</b> <br>
    <b>Production Forecast</b> <br>
    &nbsp; <br>
    As a result of the delay in commissioning the molybdenum circuit and lower
    than planned mill throughput, at the end of the second fiscal quarter the
    Company updated its metal production forecasts for the year. The 2005 forecasted
    copper and molybdenum production was 63,441,000 pounds and 908,000 pounds,
    respectively. The actual results to date and a forecast for the balance of
    the year are as follows: <br>
    &nbsp; </font>
    <table class=MsoNormalTable border=1 cellspacing=0 cellpadding=0  style=&#39;margin-left:5.4pt;border-collapse:collapse;border:none&#39;>
      <tr>
        <td width=204 style=&#39;width:153.0pt;border:solid windowtext 1.0pt;background:   #E0E0E0;padding:0in 5.4pt 0in 5.4pt&#39;>
          <font size="2" face="Verdana, Arial, Helvetica, sans-serif"><br>
          <b>&nbsp;</b> </font></td>
        <td width=72 style=&#39;width:53.95pt;border:solid windowtext 1.0pt;border-left:   none;background:#E0E0E0;padding:0in 5.4pt 0in 5.4pt&#39;>
          <font size="2" face="Verdana, Arial, Helvetica, sans-serif"><br>
          <b>Q1 (A)</b> </font></td>
        <td width=88 style=&#39;width:66.35pt;border:solid windowtext 1.0pt;border-left:   none;background:#E0E0E0;padding:0in 5.4pt 0in 5.4pt&#39;>
          <font size="2" face="Verdana, Arial, Helvetica, sans-serif"><br>
          <b>Q2 (A)</b> </font></td>
        <td width=89 style=&#39;width:66.4pt;border:solid windowtext 1.0pt;border-left:   none;background:#E0E0E0;padding:0in 5.4pt 0in 5.4pt&#39;>
          <font size="2" face="Verdana, Arial, Helvetica, sans-serif"><br>
          <b>Q3 (A)</b> </font></td>
        <td width=88 style=&#39;width:66.35pt;border:solid windowtext 1.0pt;border-left:   none;background:#E0E0E0;padding:0in 5.4pt 0in 5.4pt&#39;>
          <font size="2" face="Verdana, Arial, Helvetica, sans-serif"><br>
          <b>Q4 (F) <sup>(2)</sup></b> </font></td>
        <td width=90 style=&#39;width:67.35pt;border:solid windowtext 1.0pt;border-left:   none;background:#E0E0E0;padding:0in 5.4pt 0in 5.4pt&#39;>
          <font size="2" face="Verdana, Arial, Helvetica, sans-serif"><br>
          <b>Total 2005</b> </font></td>
      </tr>
      <tr>
        <td width=204 style=&#39;width:153.0pt;border:solid windowtext 1.0pt;border-top:   none;padding:0in 5.4pt 0in 5.4pt&#39;>
          <font size="2" face="Verdana, Arial, Helvetica, sans-serif"><br>
          <b>Copper (millions lbs)</b> </font></td>
        <font size="2" face="Verdana, Arial, Helvetica, sans-serif"><td width=72 style=&#39;width:53.95pt;border-top:none;border-left:none;   border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;   padding:0in 5.4pt 0in 5.4pt&#39;></font><br>
        <b><font size="2" face="Verdana, Arial, Helvetica, sans-serif">12.1</font></b>
        <font size="2" face="Verdana, Arial, Helvetica, sans-serif"></td></font><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><td width=88 style=&#39;width:66.35pt;border-top:none;border-left:none;   border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;   padding:0in 5.4pt 0in 5.4pt&#39;></font><br>
        <b><font size="2" face="Verdana, Arial, Helvetica, sans-serif">14.2 </font></b>
        <font size="2" face="Verdana, Arial, Helvetica, sans-serif"></td></font><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><td width=89 style=&#39;width:66.4pt;border-top:none;border-left:none;border-bottom:   solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt&#39;></font><br>
        <b><font size="2" face="Verdana, Arial, Helvetica, sans-serif">15.5</font></b>
        <font size="2" face="Verdana, Arial, Helvetica, sans-serif"></td></font><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><td width=88 style=&#39;width:66.35pt;border-top:none;border-left:none;   border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;   padding:0in 5.4pt 0in 5.4pt&#39;></font><br>
        <b><font size="2" face="Verdana, Arial, Helvetica, sans-serif">15.5</font></b>
        <font size="2" face="Verdana, Arial, Helvetica, sans-serif"></td></font><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><td width=90 style=&#39;width:67.35pt;border-top:none;border-left:none;   border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;   padding:0in 5.4pt 0in 5.4pt&#39;></font><br>
        <b><font size="2" face="Verdana, Arial, Helvetica, sans-serif">57.3</font></b>
        <font size="2" face="Verdana, Arial, Helvetica, sans-serif"></td></font></tr>
      <tr>
        <td width=204 style=&#39;width:153.0pt;border:solid windowtext 1.0pt;border-top:   none;padding:0in 5.4pt 0in 5.4pt&#39;>
          <font size="2" face="Verdana, Arial, Helvetica, sans-serif"><br>
          <b>Molybdenum (thousands lbs)</b> </font></td>
        <font size="2" face="Verdana, Arial, Helvetica, sans-serif"><td width=72 style=&#39;width:53.95pt;border-top:none;border-left:none;   border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;   padding:0in 5.4pt 0in 5.4pt&#39;></font><br>
        <b><font size="2" face="Verdana, Arial, Helvetica, sans-serif">0</font></b>
        <font size="2" face="Verdana, Arial, Helvetica, sans-serif"></td></font><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><td width=88 style=&#39;width:66.35pt;border-top:none;border-left:none;   border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;   padding:0in 5.4pt 0in 5.4pt&#39;></font><br>
        <b><font size="2" face="Verdana, Arial, Helvetica, sans-serif">141</font></b>
        <font size="2" face="Verdana, Arial, Helvetica, sans-serif"></td></font><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><td width=89 style=&#39;width:66.4pt;border-top:none;border-left:none;border-bottom:   solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt&#39;></font><br>
        <b><font size="2" face="Verdana, Arial, Helvetica, sans-serif">178</font></b>
        <font size="2" face="Verdana, Arial, Helvetica, sans-serif"></td></font><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><td width=88 style=&#39;width:66.35pt;border-top:none;border-left:none;   border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;   padding:0in 5.4pt 0in 5.4pt&#39;></font><br>
        <b><font size="2" face="Verdana, Arial, Helvetica, sans-serif">178</font></b>
        <font size="2" face="Verdana, Arial, Helvetica, sans-serif"></td></font><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><td width=90 style=&#39;width:67.35pt;border-top:none;border-left:none;   border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;   padding:0in 5.4pt 0in 5.4pt&#39;></font><br>
        <b><font size="2" face="Verdana, Arial, Helvetica, sans-serif">497</font></b>
        <font size="2" face="Verdana, Arial, Helvetica, sans-serif"></td></font></tr>
      <tr>
        <td width=204 style=&#39;width:153.0pt;border:solid windowtext 1.0pt;border-top:   none;padding:0in 5.4pt 0in 5.4pt&#39;>
          <font size="2" face="Verdana, Arial, Helvetica, sans-serif"><br>
          <b>Copper production costs, net of OPC<sup>(3)</sup> &amp; by product
          credits</b> </font></td>
        <font size="2" face="Verdana, Arial, Helvetica, sans-serif"><td width=72 style=&#39;width:53.95pt;border-top:none;border-left:none;   border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;   padding:0in 5.4pt 0in 5.4pt&#39;></font><br>
        <b><font size="2" face="Verdana, Arial, Helvetica, sans-serif">N/A</font></b>
        <font size="2" face="Verdana, Arial, Helvetica, sans-serif"></td></font><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><td width=88 style=&#39;width:66.35pt;border-top:none;border-left:none;   border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;   padding:0in 5.4pt 0in 5.4pt&#39;></font><br>
        <b><font size="2" face="Verdana, Arial, Helvetica, sans-serif">US$1.18</font></b>
        <font size="2" face="Verdana, Arial, Helvetica, sans-serif"></td></font><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><td width=89 style=&#39;width:66.4pt;border-top:none;border-left:none;border-bottom:   solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt&#39;></font><br>
        <b><font size="2" face="Verdana, Arial, Helvetica, sans-serif">US$0.77</font></b>
        <font size="2" face="Verdana, Arial, Helvetica, sans-serif"></td></font><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><td width=88 style=&#39;width:66.35pt;border-top:none;border-left:none;   border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;   padding:0in 5.4pt 0in 5.4pt&#39;></font><br>
        <b><font size="2" face="Verdana, Arial, Helvetica, sans-serif">US$0.77</font></b>
        <font size="2" face="Verdana, Arial, Helvetica, sans-serif"></td></font><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><td width=90 style=&#39;width:67.35pt;border-top:none;border-left:none;   border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;   padding:0in 5.4pt 0in 5.4pt&#39;></font><br>
        <b><font size="2" face="Verdana, Arial, Helvetica, sans-serif">US$0.90</font></b>
        <font size="2" face="Verdana, Arial, Helvetica, sans-serif"></td></font></tr>
      <tr>
        <td width=204 style=&#39;width:153.0pt;border:solid windowtext 1.0pt;border-top:   none;padding:0in 5.4pt 0in 5.4pt&#39;>
          <font size="2" face="Verdana, Arial, Helvetica, sans-serif"><br>
          <b>OPC</b> <b><sup>(3)</sup></b> <b> transport &amp; treatment</b> </font></td>
        <font size="2" face="Verdana, Arial, Helvetica, sans-serif"><td width=72 style=&#39;width:53.95pt;border-top:none;border-left:none;   border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;   padding:0in 5.4pt 0in 5.4pt&#39;></font><br>
        <b><font size="2" face="Verdana, Arial, Helvetica, sans-serif">N/A</font></b>
        <font size="2" face="Verdana, Arial, Helvetica, sans-serif"></td></font><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><td width=88 style=&#39;width:66.35pt;border-top:none;border-left:none;   border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;   padding:0in 5.4pt 0in 5.4pt&#39;></font><br>
        <b><font size="2" face="Verdana, Arial, Helvetica, sans-serif">US$0.28</font></b>
        <font size="2" face="Verdana, Arial, Helvetica, sans-serif"></td></font><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><td width=89 style=&#39;width:66.4pt;border-top:none;border-left:none;border-bottom:   solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt&#39;></font><br>
        <b><font size="2" face="Verdana, Arial, Helvetica, sans-serif">US$0.25</font></b>
        <font size="2" face="Verdana, Arial, Helvetica, sans-serif"></td></font><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><td width=88 style=&#39;width:66.35pt;border-top:none;border-left:none;   border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;   padding:0in 5.4pt 0in 5.4pt&#39;></font><br>
        <b><font size="2" face="Verdana, Arial, Helvetica, sans-serif">US$0.25</font></b>
        <font size="2" face="Verdana, Arial, Helvetica, sans-serif"></td></font><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><td width=90 style=&#39;width:67.35pt;border-top:none;border-left:none;   border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;   padding:0in 5.4pt 0in 5.4pt&#39;></font><br>
        <b><font size="2" face="Verdana, Arial, Helvetica, sans-serif">US$0.26</font></b>
        <font size="2" face="Verdana, Arial, Helvetica, sans-serif"></td></font></tr>
      <tr>
        <td width=204 style=&#39;width:153.0pt;border:solid windowtext 1.0pt;border-top:   none;padding:0in 5.4pt 0in 5.4pt&#39;>
          <font size="2" face="Verdana, Arial, Helvetica, sans-serif"><br>
          <b>Total cash costs of production</b> </font></td>
        <font size="2" face="Verdana, Arial, Helvetica, sans-serif"><td width=72 style=&#39;width:53.95pt;border-top:none;border-left:none;   border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;   padding:0in 5.4pt 0in 5.4pt&#39;></font><br>
        <b><font size="2" face="Verdana, Arial, Helvetica, sans-serif">N/A</font></b>
        <font size="2" face="Verdana, Arial, Helvetica, sans-serif"></td></font><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><td width=88 style=&#39;width:66.35pt;border-top:none;border-left:none;   border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;   padding:0in 5.4pt 0in 5.4pt&#39;></font><br>
        <b><font size="2" face="Verdana, Arial, Helvetica, sans-serif">US$1.46</font></b>
        <font size="2" face="Verdana, Arial, Helvetica, sans-serif"></td></font><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><td width=89 style=&#39;width:66.4pt;border-top:none;border-left:none;border-bottom:   solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt&#39;></font><br>
        <b><font size="2" face="Verdana, Arial, Helvetica, sans-serif">US$1.02</font></b>
        <font size="2" face="Verdana, Arial, Helvetica, sans-serif"></td></font><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><td width=88 style=&#39;width:66.35pt;border-top:none;border-left:none;   border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;   padding:0in 5.4pt 0in 5.4pt&#39;></font><br>
        <b><font size="2" face="Verdana, Arial, Helvetica, sans-serif">US$1.02</font></b>
        <font size="2" face="Verdana, Arial, Helvetica, sans-serif"></td></font><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><td width=90 style=&#39;width:67.35pt;border-top:none;border-left:none;   border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;   padding:0in 5.4pt 0in 5.4pt&#39;></font><br>
        <b><font size="2" face="Verdana, Arial, Helvetica, sans-serif">US$1.16</font></b>
        <font size="2" face="Verdana, Arial, Helvetica, sans-serif"></td></font></tr>
    </table>
    <font size="2" face="Verdana, Arial, Helvetica, sans-serif"><br>
    <font size="1" face="Verdana, Arial, Helvetica, sans-serif">(1)&nbsp;&nbsp;&nbsp;&nbsp;
    (A) actual (F) forecast <br>
    (2)&nbsp;&nbsp;&nbsp;&nbsp; Q4 costs assume a US$30/lb molybdenum by-product
    credit and a $0.81 Canadian/US exchange rate. <br>
    (3)&nbsp;&nbsp;&nbsp;&nbsp; Off Property Costs (&#34;OPC&#34;) are concentrate
    transportation, smelting and refining costs. </font><br>
    &nbsp; <br>
    <b>Financial Results</b> <br>
    &nbsp; <br>
    Gibraltar reported revenues of $32.3 million, compared to $25.4 million in
    the previous quarter. Current revenues are associated with copper concentrate
    sales, less treatment, refining and transportation charges of $6.7 million
    (Q2 &#45; $3.8 million). Molybdenum concentrate sales were $7.9 million (Q2
    &#45; $2.5 million); these sales are classified as by-product revenue and
    shown as a reduction of mine site operating costs. Interest and other income
    was $1.5 million (Q2 &#45; $1.9 million), and the related offsetting royalty
    expense amounted to $1.0 million (Q2 &#45; $2 million), both of which are
    principally related to the Red Mile Resources No. 2 Limited Partnership. <br>
    &nbsp; <br>
    Total mine site operating costs for the quarter, net of molybdenum credits
    and a drawdown of copper concentrate inventory (Q3 &#45; $3.1 million; Q2
    &#45; $1.2 million), were $14.8 million compared to $23.4 million in the previous
    quarter. Total operating costs include mining (Q3 &#45; $11.6 million; Q2
    &#45; $14.1 million), milling (Q3 &#45; $6.0 million; Q2 &#45; $9.0 million)
    and mine administration (Q3 &#45; $2.0 million; Q2 &#45; $1.6 million). <br>
    &nbsp; <br>
    &nbsp; <br>
    Administrative costs decreased from the previous quarter. The main areas of
    reduced costs were shareholder communications (Q3 &#45; $44,641; Q2 - $112,241),
    administrative salaries and office costs (Q3 &#45; $206,954; Q2 &#45; $236,804),
    trust and filing (Q3 &#45; $8,027; Q2 &#45; $67,787) and stock-based compensation
    (Q3 &#45; $200,310; Q2 &#45; $392,697). <br><a name="N_14_1_">
    <a name="N_14_2_"> <b>&nbsp;</b> <br>
    <b>Refinery Update</b> <br>
    &nbsp; <br>
    Feasibility level studies were completed in 2002 to assess the viability of
    constructing a copper refinery at Gibraltar, based on a hydrometallurgical
    process developed by Cominco Engineering Services Ltd. A refinery located
    at Gibraltar would produce cathode copper from copper concentrates at the
    site at considerable cost savings, rather than sending these concentrates
    to an offshore smelter for treatment, providing significant advantages to
    the operation. <br>
    &nbsp; <br>
    With mining operations now underway at Gibraltar, mine technical personnel
    are turning their focus to updating the refinery feasibility study, to include
    the evaluation and assessment of competing technologies. The updated refinery
    feasibility study is expected to be completed in the near term. The British
    Columbia Environmental Assessment (&#34;BCEA&#34;) Office has advised Taseko
    that the proposed refinery would not be reviewable under the BCEA Act because
    the refining process would be integrated with ore milling operations at, or
    in the vicinity of the fully permitted Gibraltar mine. <br>
    &nbsp; <br>
    Taseko Mines Limited is a copper and molybdenum producer with mining operations
    and exploration properties located in British Columbia, Canada. The Company&#39;s
    principal asset is the Gibraltar mine, a 35,000 tonnes per day open pit operation
    with a 12-year mine plan and additional mineral resources available for further
    development. Taseko is part of the Hunter Dickinson group of companies. <br>
    &nbsp; <br>
    <b> <i>For further information contact:</i></b> <br>
    <table class=MsoTableGrid border=0 cellspacing=0 cellpadding=0  style=&#39;border-collapse:collapse&#39;>
      <tr>
        <td width=348 valign=top style=&#39;width:261.0pt;padding:0in 5.4pt 0in 5.4pt&#39;>
          <font size="2" face="Verdana, Arial, Helvetica, sans-serif"><br>
          <b>Russell Hallbauer</b> <br>
          <b>President &amp; CEO</b> </font></td>
        <td width=348 rowspan=2 valign=top style=&#39;width:261.0pt;padding:0in 5.4pt 0in 5.4pt&#39;>
          <font size="2" face="Verdana, Arial, Helvetica, sans-serif"><br>
          <b>Phone: (604) 684-6365 </b> <br>
          <b>Toll Free: 1-800-667-2114</b> <br><b>
          www.tasekomines.com</b> </td>
      </tr>
      <tr>
        <td width=348 valign=top style=&#39;width:261.0pt;padding:0in 5.4pt 0in 5.4pt&#39;>
          <font size="2" face="Verdana, Arial, Helvetica, sans-serif"><br>
          <b>or</b> <br>
          <b>Melanee G. Henderson</b> <br>
          <b>Investor Relations </b> <br>
          <b>&nbsp;</b> </font></td>
      </tr>
    </table>
    <p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">----------------------------------------------------------------------------------------------------------------------------
      <br>
      &nbsp; <br>
      The TSX Venture Exchange or the American Stock Exchange has not approved
      or disapproved the contents of this press release. <br>
      &nbsp; <br>
      <font size="1">This release includes certain statements that may be deemed
      &quot;forward-looking statements&quot;. All statements in this release,
      other than s</font></font><font size="1" face="Verdana, Arial, Helvetica, sans-serif">tatements
      of historical facts, that address estimated mineral resource and reserve
      quantities, grades and contained metal, and possible future mining, exploration
      and development activities, are forward-looking statements. Although the
      Company believes the expectations expressed in such forward-looking statements
      are based on reasonable assumptions, such statements should not be in any
      way construed as guarantees of future performance and actual results or
      developments may differ materially from those in the forward-looking statements.
      Factors that could cause actual results to differ materially from those
      in forward-looking statements include market prices for metals, the conclusions
      of detailed feasibility and technical analyses, lower than expected grades
      and quantities of resources, mining rates and recovery rates and the lack
      of availability of necessary capital, which may not be available to the
      Company on terms acceptable to it or at all. The Company is subject to the
      specific risks inherent in the mining business as well as general economic
      and business conditions. For more information on the Company, Investors
      should review the Company&#39;s annual Form 20-F filing with the United
      States Securities Commission and its Canadian securities filings that are
      available at www.sedar.com. <br>
      <b>&nbsp;</b> </font><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><br>
      &nbsp; <br>
      &nbsp; </font></p>
    </div>
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