Taseko Pursues Federal Approval for New Prosperity, Submits Revised Project Description

VANCOUVER, June 6, 2011 /CNW/ --
Public Online Information Resource Launched to Promote Open Discussion

VANCOUVER, June 6, 2011 /CNW/ - Taseko Mines Limited (TSX: TKO; NYSE
Amex: TGB) ('Taseko' or the 'Company') has submitted a revised project
description to the Federal Government in pursuit of final approval of
its New Prosperity Gold-copper Project.

The New Prosperity project addresses the concerns identified during the
original federal review process while building on the core strengths
and benefits of the original Prosperity proposal. The new proposal
preserves Fish Lake and limits the impact to the environment.  It aims
to relieve concerns of the First Nations and the federal Panel while at
the same time delivering significant economic value to British Columbia
and Canada.

'We have made significant efforts to address all the necessary
requirements for final federal approval. Preserving Fish Lake, which
adds $300 million in capital and operating expense to the project is an
example of that effort and a reflection of the depth of our commitment
to the success of New Prosperity and to the principles of
sustainability,' says Taseko President & CEO Russell Hallbauer.

'Prosperity is the 7(th) largest undeveloped gold-copper porphyry deposit in the world and as
such has the ability to deliver economic value and social benefit on a
national scale.  We are looking forward to delivering the potential of
this project for Canadians, including all levels of Government, First
Nations communities, the people of the Cariboo and our shareholders,'
concluded Mr. Hallbauer.

Taseko is launching an in-depth online information portal (http://newprosperityproject.ca). The site encourages public dialogue and represents a progressive
approach to community engagement.

Russell Hallbauer


President and CEO

No regulatory authority has approved or disapproved of the information
contained in this news release.

CAUTION REGARDING FORWARD-LOOKING INFORMATION

This document contains 'forward-looking statements' that were based on
Taseko's expectations, estimates and projections as of the dates as of
which those statements were made. Generally, these forward-looking
statements can be identified by the use of forward-looking terminology
such as 'outlook', 'anticipate', 'project', 'target', 'believe',
'estimate', 'expect', 'intend', 'should' and similar expressions.

Forward-looking statements are subject to known and unknown risks,
uncertainties and other factors that may cause the Company's actual
results, level of activity, performance or achievements to be
materially different from those expressed or implied by such
forward-looking statements. These included but are not limited to:

    --  uncertainties and costs related to the Company's exploration
        and development activities, such as those associated with
        continuity of mineralization or determining whether mineral
        resources or reserves exist on a property;
    --  uncertainties related to the accuracy of our estimates of
        mineral reserves, mineral resources, production rates and
        timing of production, future production and future cash and
        total costs of production and milling;
    --  uncertainties related to feasibility studies that provide
        estimates of expected or anticipated costs, expenditures and
        economic returns from a mining project;
    --  uncertainties related to our ability to complete the mill
        upgrade on time estimated and at the scheduled cost;
    --  uncertainties related to the ability to obtain necessary
        licenses permits for development projects and project delays
        due to third party opposition;
    --  uncertainties related to unexpected judicial or regulatory
        proceedings;
    --  changes in, and the effects of, the laws, regulations and
        government policies affecting our exploration and development
        activities and mining operations, particularly laws,
        regulations and policies;
    --  changes in general economic conditions, the financial markets
        and in the demand and market price for copper, gold and other
        minerals and commodities, such as diesel fuel, steel, concrete,
        electricity and other forms of energy, mining equipment, and
        fluctuations in exchange rates, particularly with respect to
        the value of the U.S. dollar and Canadian dollar, and the
        continued availability of capital and financing;
    --  the effects of forward selling instruments to protect against
        fluctuations in copper prices and exchange rate movements and
        the risks of counterparty defaults, and mark to market risk;
    --  the risk of inadequate insurance or inability to obtain
        insurance to cover mining risks;
    --  the risk of loss of key employees; the risk of changes in
        accounting policies and methods we use to report our financial
        condition, including uncertainties associated with critical
        accounting assumptions and estimates;
    --  environmental issues and liabilities associated with mining
        including processing and stock piling ore; and
    --  labour strikes, work stoppages, or other interruptions to, or
        difficulties in, the employment of labour in markets in which
        we operate mines, or environmental hazards, industrial
        accidents or other events or occurrences, including third party
        interference that interrupt the production of minerals in our
        mines.

For further information on Taseko, investors should review the Company's
annual Form 40-F filing with the United States Securities and Exchange
Commission www.sec.com and home jurisdiction filings that are available at www.sedar.com.

To view this news release in HTML formatting, please use the following URL: http://www.newswire.ca/en/releases/archive/June2011/06/c3093.html

For further information on Taseko, please see the Company's website 

Investor Relations - 778-373-4545, toll free 1-877-441-4533