Not Taseko Mines

[Mr. Zen]

Taseko Mines Limited: Mining Operations Underway at Gibraltar Mine: Copper Concentrate now Being Shipped
10/13/04


VANCOUVER, BRITISH COLUMBIA, Oct 13, 2004 (CCNMatthews via COMTEX) --
Ronald W. Thiessen, President and CEO of Taseko Mines Limited(TSX Venture: TKO; AMEX: TGB) is pleased to announce that mining operations have begun at the Gibraltar copper mine. Ore is now being delivered from the open pit and processed throug
h the crushing and milling circuits on a 24 hours per day, seven days per week schedule. The first truckload of copper concentrate has now been shipped.

Commissioning of all new mining equipment is essentially complete. The new 40 cubic yard P&H Model 2800XPB shovel is at work in the pit and four of five new 205 ton Terex-Unit Rig trucks are fully assembled and in operation. The final truck will be commissioned within the next few days. This new equipment is facilitating productive mining operations within the Pollyanna Pit.

The 35,000 tonnes per day Gibraltar open pit copper mine is located near Williams Lake in south-central British Columbia. On-site mining operations are being carried out by Ledcor Mining Ltd., as Operator, under the Gibraltar Ledcor Joint Venture Agreement. The mine and mill complex will produce an average of 70 million pounds of copper and 980,000 pounds of molybdenum per year in concentrate from sulphide ore in the Gibraltar deposits. An additional 10 million pounds of copper cathode can be produced annually from the solvent extraction-electrowinning plant when oxide material is accessed.

The mine will be delivering its first concentrate into excellent market conditions, as copper and molybdenum prices have continued to strengthen over the past several months. According to a recent report by Bloomberg, copper stockpiles have dropped by 83% in the past year as supply from the world's largest copper mines has decreased but demand from China and the USA has increased. Copper prices recently reached a 15 year high at US$1.46 per pound, and molybdenum oxide is trading at about US$20.00 per pound, well above its long term average price of US$4.00 per pound.

ON BEHALF OF THE BOARD OF DIRECTORS

Ronald W. Thiessen, President & CEO

Taseko Mines LimitedRonald W. ThiessenPresident and CEO(604) 684-6365 or Toll Free 1-800-667-2114 (North America)orTaseko Mines LimitedInvestor Services(604) 684-6365 or Toll Free 1-800-667-2114 (North America)[phone] (FAX)Website: www.tasekomines.com
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