Taseko Mines Ltd.
Taseko Mines Ltd.:TASEKO ANNOUNCES BOUGHT-DEAL PUBLIC OFFERING & PRIVATE PLACEMENT FINANCING TO RAISE UP TO $45 MILLION

Taseko Mines Limited. / Miscellaneous

Release of a Corporate News, transmitted by DGAP - a company of EquityStory
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The issuer / publisher is solely responsible for the content of this announcement.
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NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES
OR DISSEMINATION IN THE UNITED STATES

October 9, 2007 – Taseko Mines Limited ('Taseko' or the 'Company') (TSX:
TKO; AMEX:TGB) has today entered into an agreement with a syndicate of
underwriters led by Raymond James Ltd., and which also includes Canaccord
Capital Corporation, and Paradigm Capital Inc., under which the
underwriters have agreed to buy approximately 7.1 million common shares
('Shares') from Taseko at a price of $5.20 per Share, representing an
aggregate bought-deal offering of $37 million (the 'Offering').

The Underwriters will have an over-allotment option, exercisable at any
time prior to 30 days after the closing date, to acquire up to an
additional number of Shares equal to 15% of the number of Shares sold
pursuant to the Offering, exercisable at the issue price.  A commission of
6% of the gross proceeds of the Offering, payable at closing, and 6% of the
gross proceeds of the over-allotment option, is payable upon closing of the
over-allotment option.

The Company has agreed to file a short form prospectus with Canadian
securities regulatory authorities to qualify the offered Shares for
distribution in Canada.
 
The securities offered have not been and will not be registered under the
U.S. Securities Act of 1933, as amended, and may not be offered or sold in
the United States absent registration or an applicable exemption from the
registration requirements.  This press release shall not constitute an
offer to sell or the solicitation of an offer to buy nor shall there be any
sale or offer of these securities in any jurisdiction unless such offer,
solicitation or sale is permitted by applicable law.

The Company also intends to issue, via a non-brokered private placement
(the 'Non-brokered Offering'), approximately 1.5 million common shares at a
price of $5.20 each for gross proceeds of approximately $8 million to a
number of accredited investors.  Finder's fees may be payable on the
Non-brokered Offering. The two financings are not interdependent and may
not complete concurrently. The common shares issues under the Non-brokered
Offering will be subject to a four month hold period under Canadian
securities legislation.

The proceeds will be used for funding growth opportunities, working capital
and general corporate purposes.  Closing of the two placements is expected
on or about October 30, 2007.

The completion of each of the Offering and the Non-brokered Offering is
subject to stock exchange approval.

Taseko is a development and production company listed on the Toronto and
American Stock Exchanges.  Its Gibraltar copper-molybdenum mine is
currently undergoing a two phase expansion, designed to increase copper
production capacity to 115 million pounds per year by the end of 2008.  The
Company also recently announced the results of a feasibility study on its
Prosperity gold-copper project. Both Gibraltar and Prosperity are located
in south-central British Columbia, Canada.

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


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

Forward Looking Statements

This release includes certain statements that may be deemed
'forward-looking statements'. All statements in this release, other than
statements of historical facts, that address completion of financings,
filing or clearance of prospectus or other offering documents future
production, reserve potential, exploration drilling, exploitation
activities and events or developments that the Company expects are
forward-looking statements. Although the Company believes the expectations
expressed in such forward-looking statements are based on reasonable
assumptions, such statements are not 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 capital
market conditions, commodities  market prices, exploitation and exploration
successes, lack of continuity of mineralization, completion of the mill
upgrade on time estimated and at scheduled cost, continued availability of
capital and financing, and general economic, market or business conditions.
Investors are cautioned that any such statements are not guarantees of
future performance and that actual results or developments may differ
materially from those projected in the forward-looking statements. For more
information on the Company, Investors should review the Company's annual
Form 20-F filing with the United States Securities and Exchange Commission
or the Company’s home jurisdiction filings at www.sedar.com.


Contact:
Brian Bergot

1020 · 800 W Pender St.
Vancouver BC
Canada V6C 2V6
Tel  604 684 · 6365
Fax 604 684 · 8092
Toll Free 1 800 667 · 2114
http://www.tasekomines.com


10.10.2007  Financial News transmitted by DGAP
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