-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
 MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen
 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 CFjcEDr2kUZP7k8WJ6Qiem/oKUJk1of68PjGIfQV7kaDx4MBNzhOMeHJt7e3FW28
 AQzmS2xzx41Q9AA/CRWrWQ==

<SEC-DOCUMENT>0000878518-06-000002.txt : 20060217
<SEC-HEADER>0000878518-06-000002.hdr.sgml : 20060217
<ACCEPTANCE-DATETIME>20060216180058
ACCESSION NUMBER:		0000878518-06-000002
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20060215
FILED AS OF DATE:		20060217
DATE AS OF CHANGE:		20060216

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:		06626638

	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_150206.htm
<DESCRIPTION>PRESS RELEASE FEBRUARY 15 2006
<TEXT>
<html>
<head>
<title>Taseko Produces 13.4 Million Pounds of Copper and 223,000 Pounds of Molybdenum in First Quarter</title>    </head>
<body lang=EN-US link=blue vlink=purple>
<div class=Section1>
  <div align="center"><font size="3" face="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> <br>
    &nbsp; <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 February 15, 2006 <br>
    &nbsp; <br>
    &nbsp; <br>
    <b> <u>TASEKO MINES LIMITED</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: February 15, 2006 <br>
    &nbsp; <br>
    Print the name and title of the signing officer under his signature. <br>
    &nbsp; <br>
    <b>&nbsp;</b> <br>
    <b>Taseko Mines Limited</b> <b>&nbsp;</b> <br>
    <b>1020 - 800 W Pender St.</b> <br>
    <b>Vancouver</b> <b> BC</b> <br>
    <b>Canada</b> <b> V6C 2V6</b> <br>
    <b>Tel 604 684 - 6365</b> <br>
    <b>Fax 604 684 - 8092</b> <br>
    <b>Toll Free 1 800 667 - 2114</b> <br>
    <b>http://www.tasekomines.com</b> </font></div>
</div>
<div align="center"><font size="3" face="Arial, Helvetica, sans-serif"><br clear=all style=&#39;page-break-before: auto&#39;>
  </font></div>
<div align="center" class=Section2>
  <p align="center"><font size="3" face="Arial, Helvetica, sans-serif"> &nbsp;
    <br>
    <b>TASEKO PRODUCES 13.4 MILLION POUNDS OF COPPER</b> <br>
    <b>AND 223,000 POUNDS OF MOLYBDENUM IN FIRST QUARTER</b> </font><br>
  </p>
  <p align="justify"> <b><font size="3" face="Arial, Helvetica, sans-serif">February
    15, 2006, Vancouver, BC </font></b><font size="3" face="Arial, Helvetica, sans-serif">&#45;
    Taseko Mines Limited (TSXV: TKO; AMEX: TGB) announces its financial results
    for the quarter ending December 31, 2005, including production and sales for
    the <b>Gibraltar Mine</b> located near Williams Lake in south-central British
    Columbia. <br>
    </font></p>
  <p align="center"><font size="3" face="Arial, Helvetica, sans-serif"><b>Overview
    &amp; Highlights</b> </font></p>
  <p align="justify"><font size="3" face="Arial, Helvetica, sans-serif">Taseko
    had after tax earnings of $6.7 million, or $0.06 per share ($0.06 per share
    fully diluted) in the first quarter of its 2006 fiscal year. The Company had
    an operating profit of $8.1 million for the period. <br>
    &nbsp; <br>
    The Gibraltar mine met its copper production forecast for the quarter and
    exceeded its molybdenum production forecast by 11%. In addition: <br>
    &nbsp;- Revenues of $36.2 million and $5.1 million were realized from sales
    of copper and molybdenum. <br>
    &nbsp;-The average prices realized for sales were US$1.88 per pound for copper
    and US$22.45 per pound for molybdenum. <br>
    - Copper production was 13.4 million pounds in concentrate. <br>
    - </font><font size="3" face="Arial, Helvetica, sans-serif">Copper sales were
    16.4 million pounds in 28,912 wet metric tonnes (&#34;WMT&#34;) of concentrate.
    <br>
    - Molybdenum production was 223,000 pounds in concentrate<br>
    </font><font size="3" face="Arial, Helvetica, sans-serif">- Molybdenum sales
    were 196,000 pounds in 192 WMT of concentrate.</font><font size="3" face="Arial, Helvetica, sans-serif"><br>
    &nbsp; <br>
    A reserve update completed during the quarter resulted in a 30% increase in
    proven and probable reserves at Gibraltar (see Taseko News Release dated December
    12, 2005). <br>
    &nbsp; <br>
    A $2 million exploration drilling program is planned for Gibraltar in 2006
    in order to more fully define the material adjacent to existing pits with
    the objective of further increasing the mineral reserves and therefore mine
    life. Drilling is scheduled to begin in March. <br>
    &nbsp; <br>
    An engineering study has been commissioned to determine the optimum alternative
    for expanding mill capacity by approximately 25%. The goal is to increase
    revenue and reduce operating costs by increasing metal production as a result
    of higher throughputs and metal recoveries. The study is to be completed in
    March. <br>
    &nbsp; <br>
    Taseko will re-assess the economics of constructing a copper refinery at the
    site once the reserve and mill capacity studies are completed. <br>
    &nbsp; <br>
    The Company re-initiated feasibility and permitting work on its 100% owned
    Prosperity Copper-Gold Project, with the objective to advance the project
    toward a production decision. <br>
    &nbsp; <br>
    Subsequent to the end of the quarter Taseko was approved, subject to final
    normal course documentation, to move to the TSX Exchange (formerly the Toronto
    Stock Exchange) from the TSX Venture Exchange. It is expected that the Company
    will begin trading on the TSX Exchange during the week of February 20, 2006.
    </font>
  <p align="center"><font size="3" face="Arial, Helvetica, sans-serif"> <b>GIBRALTAR
    MINE</b></font>  <p align="justify"><font size="3" face="Arial, Helvetica, sans-serif"> The Gibraltar
    mine is operated under an agreement between Taseko&#39;s wholly owned subsidiary,
    Gibraltar Mines Ltd., and Ledcor CMI Ltd. <br>
    <i>&nbsp;</i> <br>
    <b> <i>First Quarter Production Results</i></b> <br>
    &nbsp; <br>
    The following table is a summary of the operating statistics for the current
    quarter (Q1 - 2006) compared to the previous quarter (Q4 -2005). Statistics
    for the previous quarter are shown for comparison rather than those for the
    first fiscal quarter of 2005, as the latter was a restart period prior to
    commercial production. <br>
    &nbsp; </font>
  <div align="justify">
    <table width=459 border=1 align="center" cellpadding=0 cellspacing=0 class=MsoNormalTable  style=&#39;width:344.2pt;margin-left:62.1pt;border-collapse:collapse;border:none&#39;>
      <tr>
        <td width=246 valign=top style=&#39;width:184.3pt;border:solid windowtext 1.0pt;   background:#CCCCCC;padding:0in 5.4pt 0in 5.4pt&#39;>
          <font size="3" face="Arial, Helvetica, sans-serif"><br>
          &nbsp; </font></td>
        <td width=109 valign=top style=&#39;width:81.95pt;border:solid windowtext 1.0pt;   border-left:none;background:#CCCCCC;padding:0in 5.4pt 0in 5.4pt&#39;>
          <font size="3" face="Arial, Helvetica, sans-serif"><br>
          <b>Q1 - 2006</b> </font></td>
        <td width=104 valign=top style=&#39;width:77.95pt;border:solid windowtext 1.0pt;   border-left:none;background:#CCCCCC;padding:0in 5.4pt 0in 5.4pt&#39;>
          <font size="3" face="Arial, Helvetica, sans-serif"><br>
          <b>Q4 - 2005</b> </font></td>
      </tr>
      <tr bgcolor="">
        <td width=246 valign=top style=&#39;width:184.3pt;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>
          Total tons mined (millions)* </font></td>
        <font size="3" face="Arial, Helvetica, sans-serif"><td width=109 valign=top style=&#39;width:81.95pt;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>
        10.1 <font size="3" face="Arial, Helvetica, sans-serif"></td><td width=104 valign=top style=&#39;width:77.95pt;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>
        10.5 <font size="3" face="Arial, Helvetica, sans-serif"></td></font></tr>
      <tr>
        <td width=246 valign=top style=&#39;width:184.3pt;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>
          Tons ore milled (millions) </font></td>
        <font size="3" face="Arial, Helvetica, sans-serif"><td width=109 valign=top style=&#39;width:81.95pt;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>
        3.0 <font size="3" face="Arial, Helvetica, sans-serif"></td><td width=104 valign=top style=&#39;width:77.95pt;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>
        3.0 <font size="3" face="Arial, Helvetica, sans-serif"></td></font></tr>
      <tr>
        <td width=246 valign=top style=&#39;width:184.3pt;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>
          Stripping ratio </font></td>
        <font size="3" face="Arial, Helvetica, sans-serif"><td width=109 valign=top style=&#39;width:81.95pt;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>
        2.31 <font size="3" face="Arial, Helvetica, sans-serif"></td><td width=104 valign=top style=&#39;width:77.95pt;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>
        2.42 <font size="3" face="Arial, Helvetica, sans-serif"></td></font></tr>
      <tr>
        <td width=246 valign=top style=&#39;width:184.3pt;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>
          Copper grade (%) </font></td>
        <font size="3" face="Arial, Helvetica, sans-serif"><td width=109 valign=top style=&#39;width:81.95pt;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>
        0.286 <font size="3" face="Arial, Helvetica, sans-serif"></td><td width=104 valign=top style=&#39;width:77.95pt;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>
        0.281 <font size="3" face="Arial, Helvetica, sans-serif"></td></font></tr>
      <tr>
        <td width=246 valign=top style=&#39;width:184.3pt;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>
          Molybdenum grade (%MoS <sub>2</sub>) </font></td>
        <font size="3" face="Arial, Helvetica, sans-serif"><td width=109 valign=top style=&#39;width:81.95pt;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>
        0.014 <font size="3" face="Arial, Helvetica, sans-serif"></td><td width=104 valign=top style=&#39;width:77.95pt;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>
        0.014 <font size="3" face="Arial, Helvetica, sans-serif"></td></font></tr>
      <tr>
        <td width=246 valign=top style=&#39;width:184.3pt;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>
          Copper recovery (%) </font></td>
        <font size="3" face="Arial, Helvetica, sans-serif"><td width=109 valign=top style=&#39;width:81.95pt;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>
        78.1 <font size="3" face="Arial, Helvetica, sans-serif"></td><td width=104 valign=top style=&#39;width:77.95pt;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>
        77.7 <font size="3" face="Arial, Helvetica, sans-serif"></td></font></tr>
      <tr>
        <td width=246 valign=top style=&#39;width:184.3pt;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>
          Molybdenum recovery (%) </font></td>
        <font size="3" face="Arial, Helvetica, sans-serif"><td width=109 valign=top style=&#39;width:81.95pt;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>
        42.9 <font size="3" face="Arial, Helvetica, sans-serif"></td><td width=104 valign=top style=&#39;width:77.95pt;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>
        20.3 <font size="3" face="Arial, Helvetica, sans-serif"></td></font></tr>
      <tr>
        <td width=246 valign=top style=&#39;width:184.3pt;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>
          Copper production ( millions lb) </font></td>
        <font size="3" face="Arial, Helvetica, sans-serif"><td width=109 valign=top style=&#39;width:81.95pt;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>
        13.4 <font size="3" face="Arial, Helvetica, sans-serif"></td><td width=104 valign=top style=&#39;width:77.95pt;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>
        13.0 <font size="3" face="Arial, Helvetica, sans-serif"></td></font></tr>
      <tr>
        <td width=246 valign=top style=&#39;width:184.3pt;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>
          Molybdenum production (thousands lb) </font></td>
        <font size="3" face="Arial, Helvetica, sans-serif"><td width=109 valign=top style=&#39;width:81.95pt;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>
        223 <font size="3" face="Arial, Helvetica, sans-serif"></td><td width=104 valign=top style=&#39;width:77.95pt;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>
        108 <font size="3" face="Arial, Helvetica, sans-serif"></td></font></tr>
    </table>
    <p><font size="3" face="Arial, Helvetica, sans-serif"><br>
      <font size="2">*Total tons mined includes sulphide ore, oxide ore, low grade
      stockpile material, overburden, and waste rock </font></font><font size="3" face="Arial, Helvetica, sans-serif"><font size="2">which
      were moved from within pit limit to outside pit limit during the period.
      <br>
      &nbsp; </font><br>
      Total tons mined decreased in the current quarter compared to the previous
      quarter, mainly as a result of a shortage of haul trucks available due to
      lack of tires. In order to help alleviate this industry wide problem, mine
      staff has carried out an analysis of the detailed mining sequence of the
      current pit and developed a new plan, taking into account the anticipated
      haulage truck availability and integrating the advantage of shortened haul
      distances. As a result of the new detailed mine plan and existing tire supply
      contracts, continuing tire shortages are not expected to affect metal production
      during 2006. <br>
      &nbsp; <br>
      The forecasted copper and molybdenum production for fiscal 2006 is 60.1
      million pounds and 874,000 pounds, respectively. Forecast production and
      costs, broken down by quarter, are tabulated below, and compared to the
      actual results for the current quarter. </font><br>
      &nbsp; </p>
    </div>
  <div align=center>
    <table class=MsoNormalTable border=1 cellspacing=0 cellpadding=0  style=&#39;margin-left:26.7pt;border-collapse:collapse;border:none&#39;>
      <tr>
        <td width=225 style=&#39;width:168.4pt;border:solid windowtext 1.0pt;background:   #CCCCCC;padding:0in 5.4pt 0in 5.4pt&#39;>
          <br> <b>&nbsp;</b> </td>
        <td width=66 style=&#39;width:49.5pt;border:solid windowtext 1.0pt;border-left:   none;background:#CCCCCC;padding:0in 5.4pt 0in 5.4pt&#39;>
          <br> <b>Q1 (F)</b> </td>
        <td width=66 valign=top style=&#39;width:49.55pt;border:solid windowtext 1.0pt;   border-left:none;background:#CCCCCC;padding:0in 5.4pt 0in 5.4pt&#39;>
          <br> <b>Q1 (A)</b> </td>
        <td width=66 style=&#39;width:49.55pt;border:solid windowtext 1.0pt;border-left:   none;background:#CCCCCC;padding:0in 5.4pt 0in 5.4pt&#39;>
          <br> <b>Q2 (F)</b> </td>
        <td width=66 style=&#39;width:49.55pt;border:solid windowtext 1.0pt;border-left:   none;background:#CCCCCC;padding:0in 5.4pt 0in 5.4pt&#39;>
          <br> <b>Q3 (F)</b> </td>
        <td width=66 style=&#39;width:49.55pt;border:solid windowtext 1.0pt;border-left:   none;background:#CCCCCC;padding:0in 5.4pt 0in 5.4pt&#39;>
          <br> <b>Q4 (F)</b> </td>
      </tr>
      <tr>
        <td width=225 style=&#39;width:168.4pt;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>
          Copper (millions lb) </font></td><td width=66 style=&#39;width:49.5pt;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;>
        <br>
        13.4 </td><td width=66 valign=top style=&#39;width:49.55pt;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;><br>
        13.4 </td><td width=66 style=&#39;width:49.55pt;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;><br>
        15.2 </td><td width=66 style=&#39;width:49.55pt;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;><br>
        15.7 </td><td width=66 style=&#39;width:49.55pt;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;><br>
        15.8 </td></tr>
      <tr>
        <td width=225 style=&#39;width:168.4pt;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>
          Molybdenum (thousands lb) </font></td><td width=66 style=&#39;width:49.5pt;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;>
        <br>
        200 </td><td width=66 valign=top style=&#39;width:49.55pt;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;><br>
        223 </td><td width=66 style=&#39;width:49.55pt;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;><br>
        220 </td><td width=66 style=&#39;width:49.55pt;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;><br>
        227 </td><td width=66 style=&#39;width:49.55pt;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;><br>
        227 </td></tr>
      <tr>
        <td width=225 style=&#39;width:168.4pt;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>
          Copper production costs<sup>1</sup>, net of by product credits, per
          lb of copper </font></td><td width=66 style=&#39;width:49.5pt;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;>
        <br>
        US$1.03 </td><td width=66 style=&#39;width:49.55pt;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;><br>
        US$1.10 </td><td width=66 style=&#39;width:49.55pt;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;><br>
        US$0.81 </td><td width=66 style=&#39;width:49.55pt;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;><br>
        US$0.81 </td><td width=66 style=&#39;width:49.55pt;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;><br>
        US$0.80 </td></tr>
      <tr>
        <td width=225 style=&#39;width:168.4pt;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>
          Off property costs<sup>2</sup> (transport, treatment &amp; sales) per
          lb of copper </font></td><td width=66 style=&#39;width:49.5pt;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;>
        <br>
        US$0.30 </td><td width=66 style=&#39;width:49.55pt;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;><br>
        US$0.33 </td><td width=66 style=&#39;width:49.55pt;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;><br>
        US$0.34 </td><td width=66 style=&#39;width:49.55pt;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;><br>
        US$0.34 </td><td width=66 style=&#39;width:49.55pt;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;><br>
        US$0.34 </td></tr>
      <tr>
        <td width=225 style=&#39;width:168.4pt;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>
          Total cash costs of production per lb of copper </font></td><td width=66 style=&#39;width:49.5pt;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;>
        <br>
        US$1.33 </td><td width=66 style=&#39;width:49.55pt;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;><br>
        US$1.43 </td><td width=66 style=&#39;width:49.55pt;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;><br>
        US$1.15 </td><td width=66 style=&#39;width:49.55pt;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;><br>
        US$1.15 </td><td width=66 style=&#39;width:49.55pt;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;><br>
        US$1.14 </td></tr>
    </table>
  </div>
  <div align="justify">
    <p> <sup><font size="2" face="Arial, Helvetica, sans-serif">1</font></sup><font size="2" face="Arial, Helvetica, sans-serif">Excludes
      mining equipment lease costs but includes contractor overhead costs. The
      by-product credit is based on pounds of molybdenum sold. The forecast production
      costs for 2006 are based on a molybdenum sales price of US$25 per pound
      for the first quarter and US$20 per pound for the remainder of the year.
      <br>
      <sup>2</sup>Off-property costs are higher than would otherwise be expected
      due to price participation assessments applied by Glencore Ltd., see Financial
      Results. <br>
      &nbsp; </font><br>
      <font size="3" face="Arial, Helvetica, sans-serif">Copper produced in concentrate
      during the quarter was 13.4 million pounds, a 3% increase from the 13.0
      million pounds produced in the previous quarter, and 100% of the forecast
      for the quarter, as a result of improved mill recovery. <br>
      &nbsp; <br>
      Copper sales were 16.4 million pounds in 28,912 WMT of concentrate. Copper
      concentrate inventory at December 31, 2005 was 13,015 WMT, a decrease in
      inventory from the 18,614 WMT of concentrate on hand at the end of the previous
      quarter. <br>
      &nbsp; <br>
      Molybdenum produced in concentrate during the quarter was 223,000 pounds,
      a substantial increase from the 108,000 pounds produced in the previous
      quarter, and 11% higher than the forecast for the period, mainly as a result
      of higher recoveries. Several modifications to the circuit were completed
      in the previous quarter, and coupled with a much better understanding of
      the operation of the circuit, led to the improved performance of the molybdenum
      circuit and the increase in molybdenum production. <br>
      &nbsp; <br>
      Molybdenum sales totalled 196,000 pounds in 192 WMT of concentrate, an increase
      from the 117,000 pounds sold in the previous quarter. At the end of the
      quarter, molybdenum in concentrate inventory was 37.3 WMT, an increase from
      the 9.4 WMT at the end of the previous quarter. <br>
      &nbsp; <br>
      Production unit costs were above forecast as a result of higher prices for
      labour, fuel, steel feed for the mill, reagents and miscellaneous supplies.
      A sharp increase in industry activity has lead to supply shortages and the
      higher prices. In addition, the shovel fleet and mill both underwent unscheduled
      one time repairs during the period, which also affected unit costs. <br>
      &nbsp; <br>
      There were no lost time accidents during the period. At the end of the quarter,
      the Gibraltar operation employed 258 people. </font></p>
    <p align="center"><font size="3" face="Arial, Helvetica, sans-serif"><b>Prosperity
      Project</b> </font></p>
    <p align="justify"><font size="3" face="Arial, Helvetica, sans-serif">Work
      on the Company&#39;s 100% owned Prosperity Project was re-initiated during
      the quarter. The Prosperity property, located in south-central British Columbia
      about 125 kilometres southwest of Williams Lake, hosts a large copper-gold
      deposit. <br>
      &nbsp; <br>
      Extensive work was done by the Company on Prosperity prior to 2001, including
      participation in the British Columbia Environmental Assessment (BCEA) process.
      The current program includes a review and update of previous feasibility
      study work and integration of new technologies and development concepts,
      as well as moving the project back into the BCEA process. <br>
      &nbsp; <br>
      By the end of the second quarter, Taseko plans to establish a clear time
      line for the release of a reserve estimate and feasibility study for the
      Project. <br>
      <b>&nbsp;</b></font></p>
    <p align="center"><font size="3" face="Arial, Helvetica, sans-serif"> <b>Financial
      Results</b> </font></p>
    <p align="justify"><font size="3" face="Arial, Helvetica, sans-serif">Taseko
      had after-tax earnings of $6.7 million, or $0.06 per share ($0.06 per share
      fully diluted [1]) in the quarter ended December 31, 2005 (Q1-2006) compared
      to a loss of $5.2 million, or $1.09 per share, in the first quarter of the
      previous fiscal year (Q1- 2005). <br>
      &nbsp; <br>
      The main reason for the increase over the prior year is that full commercial
      production is now underway. The Company realized significant revenues from
      sales of copper and molybdenum in the current quarter whereas the mine was
      in a restart period in the first quarter of fiscal 2005. <br>
      &nbsp; <br>
      Taseko received revenues of $41.3 million in the current quarter, including
      $36.2 million from sales of copper concentrate, and $5.1 million from sales
      of molybdenum concentrate. <br>
      &nbsp; <br>
      First quarter revenues include approximately $9.9 million for copper sold
      from inventory the previous quarter. The Company did not recognize the revenue
      from this sale at September 30, 2005, as the copper was held in a storage
      facility at the dock because there were no ships available at that time
      to transport the copper to smelters. Consequently, the Company had recorded
      this sale as deferred revenue at September 30, 2005. At December 31, 2005,
      a portion of this copper concentrate still remained unshipped and that portion
      has been recorded as deferred revenue in the amount of $4.7 million and
      will be recognized as revenue upon shipment. <br>
      &nbsp; <br>
      Total production costs for the period were $26.0 million. Production costs
      in the corresponding quarter of fiscal 2005 were nil as commercial production
      had not yet commenced. The Q1- 2006 costs include: $11.1 million for mining;
      $8.4 million for milling; $1.5 million for mine administration; $1.1 million
      in administration fees paid to Ledcor; $0.2 million for royalties; $0.2
      million for molybdenum treatment expenses; an inventory reduction of $3.9
      million; and an offsetting silver credit totalling $0.4 million. <br>
      &nbsp; <br>
      Transportation and treatment costs were $6.3 million for Q1-2006 compared
      to $nil in Q1-2005. Amortization expense increased to $0.8 million compared
      to $0.5 million in the same period of fiscal 2005. <br>
      &nbsp; <br>
      Glencore Ltd. purchases the whole of the copper concentrates produced by
      the Gibraltar mine pursuant to the terms of a written contract. Gibraltar
      Mines Ltd. and Glencore have a dispute concerning the interpretation of
      the contract. Glencore asserts that the contract provides that the price
      to be paid for the concentrates should be reduced by a deduction referred
      to as &quot;price participation&quot;. Gibraltar asserts that the contract
      does not provide for any such deduction. To December 31, 2005, Glencore
      had withheld approximately US$3.34 million from invoices rendered by Gibraltar
      and is claiming repayment of a further US$0.52 million, on the basis of
      its interpretation of the contract. Of this amount, US$1.61 million was
      withheld during the quarter ended December 31, 2005. <br>
      &nbsp; <br>
      The dispute is set for arbitration in London, England, in June 2006. If
      Gibraltar is successful in the arbitration, and there is no appeal, then
      Gibraltar should immediately receive the full amount that has been withheld
      by Glencore. These amounts have not been accrued in the financial statements
      but will be booked in the period of settlement. <br>
      &nbsp; <br>
      Additional information is provided in Taseko&#39;s Management Discussion
      and Analysis and Financial Statements for the quarter ended December 31,
      2005. Download these documents from www.tasekomines.com or www.sedar.com.
      For further details on Taseko Mines Limited, please contact Investor Services
      at (604) 684-6365 or within North America at 1-800-667-2114. <br>
      &nbsp; <br>
      Russell Hallbauer <br>
      <i>President and CEO</i> <br>
      &nbsp; <br>
      The TSX Exchange and the American Stock Exchange have neither approved nor
      disapproved of the contents of this press release. <br>
      &nbsp; </font><br>
      <font size="2" face="Arial, Helvetica, sans-serif">This news release contains
      forward-looking statements that are based on current expectations and which
      involve risks and uncertainties, including those referred to in Taseko&#39;s
      Annual Information Form (&quot;AIF&quot;) filed with Canadian securities
      regulatory authorities, or Taseko&#39;s annual Form on 20F (&#34;20F&#34;)
      filed with United States securities regulatory authorities, that could cause
      actual events or results to differ materially from estimated or anticipated
      events or results reflected in the forward-looking statements. Such forward-looking
      statements include statements regarding financial results and expectations
      for 2006 and include, among other things, statements regarding targets,
      estimates and/or assumptions in respect of copper production and/or copper
      prices, cash operating costs, expenditures on property, plant and equipment,
      increases and decreases in production, reserves and/or resources and anticipated
      grades and recovery rates and are or may be based on assumptions and/or
      estimates related to future economic, market and other conditions. Factors
      that could cause actual results, developments or events to differ materially
      from those anticipated include, among others, the factors described or referred
      to elsewhere herein and/or in the AIF and 20F, and include unanticipated
      and/or unusual events. Many of such factors are beyond Taseko&#39;s ability
      to control or predict. Actual results may differ materially from those anticipated.
      Readers are cautioned not to put undue reliance on forward-looking statements
      due to the inherent uncertainty therein. Taseko disclaims any intent or
      obligation to update publicly any forward-looking statements, whether as
      a result of new information, future events or results or otherwise. <br>
      &nbsp; <br>
      For further information on the Company, Investors should review the Company&#39;s
      Canadian public filings at www.sedar.com or its US public filings at www.sec.gov
      . <br>
      &nbsp; </font></p>
  </div>
</div>
<div align="justify">
  <hr align=JUSTIFY size=1 width="33%">
  <br clear=all>
  <div align="justify" id=ftn1> <br>
    <font size="2" face="Arial, Helvetica, sans-serif">[1] Diluted earnings (loss) per
    share are calculated using the treasury stock method. Under the treasury stock
    method, the weighted average number of common shares outstanding used for
    the calculation of diluted earnings per share includes the underlying common
    shares to the tracking preferred shares and convertible debenture on an if-converted
    basis and assumes that the proceeds to be received on the exercise of dilutive
    share options and warrants are used to repurchase common shares at the average
    market price during the period. <br>
    &nbsp; </font></div>
</div>
</body>  </html>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----
