Taseko Mines Limited - Drilling Continues to Expand Gibraltar Deposits

February 19, 2007, Vancouver, BC - Taseko Mines Limited (TSX: TKO; AMEX: TGB) ("Taseko" or the "Company") announces positive results from drilling at the Gibraltar Mine, located near the City of Williams Lake in south-central British Columbia. Forty holes have been drilled since September 2006, bringing the total o 107 since the drilling began about ten months ago. Initial results were used for an estimate that increased the reserves at year end by 40%, to 256 million tons and extended the mine life to 21 years (see Taseko News Release December 12, 2006). Results received since that time are included in the Table of Assay Results (attached) and highlights are tabulated below.

As shown, the copper and molybdenum grades and copper equivalent values are significantly higher than the average 0.30% copper and 0.008% molybdenum grades (0.34% copper equivalent) mined over the past ten years of operation at the Gibraltar Mine. President and CEO Russell Hallbauer said:
"Holes are now being spotted up to 2000 feet from the present pit boundaries, and these holes are encountering substantial intersections of mineralization in these previously unexplored areas of our mining leases. Additionally, holes such as 075 and 079 demonstrate the presence of near surface mineralization. As our geological model for the property grows, so has the potential for further increases in the Gibraltar mineral resources and reserves, providing scope for the engineering group to assess additional expansions to the mine and concentrator facilities. These opportunities would take the mine beyond the 100 million pounds of copper production scheduled to begin in 2008."

Taseko will accelerate the drilling program over the next few months. For further details on Taseko and its properties, please visit the Company"s website at www.tasekomines.com or contact Investor Services at (604) 684-6365 or within North America at 1-800-667-2114.


Russell Hallbauer
President and CEO