Farallon Announces Appointment of Chief Operating Officer

    Kevin Weston appointed COO effective June 29th

    VANCOUVER, June 10 /CNW/ - Farallon Mining Ltd. ("Farallon" or the
"Company") (TSX: FAN) announces the appointment of Kevin Weston as Chief
Operating Officer of the Company. The appointment will take effect June 29,
2009. Farallon commenced commercial production at its G-9 mine on April 1,
2009 and recently changed its name to Farallon Mining Ltd. in recognition of
its new status as an operating mining company. This appointment is a
reflection both of the Company's current position as a producer and a
testament to the rapid growth of the Company. The position will be located in
Vancouver, B.C., Canada.
    Farallon has successfully made the transition from an exploration company
to a fully operational mining company in an extremely short period of time. It
has taken less than four years from the timing of the first discovery hole at
G-9 to become a producing mining company. At the Company's Annual General
Meeting held on May 22, 2009 in Vancouver, Farallon's President and CEO, Dick
Whittington, announced the Company's new objective - to become a multi-mine,
low cost, mid-tier mining company. This new appointment will strengthen the
company's management team as it embarks on this next phase of its corporate
    Kevin Weston was most recently Vice President of Operations for Capstone
Mining. He successfully led the Sherwood Copper team that brought the Minto
mine up to initial design capacity of 1,800 tpd and then successful expansion
to 3,600 tpd with minimal capital and no Loss Time Accidents. More recently,
Kevin was instrumental in leading the Kutcho Creek Property acquisition and
coordinating development planning initiatives concurrent with his ongoing
operating duties. Before working for Sherwood Copper (now Capstone Mining) he
was Vice President & General Manager with Breakwater Resources, responsible
for the Myra Falls base metal mine in British Columbia. Prior to that, Kevin's
experience included extensive experience in various mining operations in
Canada and abroad, in both open pit and underground settings. Kevin is a
Mining engineer with over 25 years of experience and has a degree in Mining
Engineering from McGill University. Kevin will bring his extensive operational
experience to bear, first on the current operation at the G-9 mine and
secondly on new operating opportunities, as Farallon seeks to develop a
portfolio of operating mines, in addition to its current G-9 mine. The Company
intends to reach this objective either by additional Greenfield developments
at the Campo Morado site or by accretive acquisitions of operating mines.
    Dick Whittington, President and CEO, said: "The addition of Kevin to the
senior management team at this juncture is an exciting moment for the Company
and is a reflection of our desire to quickly move towards achieving our new
corporate objective - that of being a multi-mine, low cost, mid-tier mining
company. Coupled with the recent closing of the US$30 million Credit Suisse
loan and the consequent restructuring of our balance sheet, I believe we are
now ready to expeditiously move towards achieving this objective. We have
shown we can discover, finance, design, construct and commission a mine in
less than four years and without resorting to bringing in a partner. We intend
to build on this track record in the next phase of our history and Kevin's
appointment is a key building block in enabling us to do so."
    Farallon's G-9 zinc, copper, silver, gold and lead mine at the Campo
Morado Property in Mexico reached commercial production in April 2009. The
Company expects to produce at an annualized production rate of 120 million
pounds of zinc and 15 million pounds of copper for the remainder of 2009.

    J.R.H. (Dick) Whittington
    President & CEO

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

    Forward Looking Information

    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 future production, reserve or
resource potential, continuity of mineralization, exploration drilling,
operational activities, production rates, costs to completion and events or
developments that the Company expects are forward-looking statements. Although
the Company believes that 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 and may require
achievement of a number of operational, technical, economic, financial and
legal objectives. The likelihood of continued future mining at Campo Morado is
subject to a large number of risks, including obtaining lower than expected
grades and quantities of mineralization and resources, lower than expected
mill recovery rates and mining rates, changes in and the effect of government
policies with respect to mineral exploration and exploitation, the possibility
of local disputes including blockades of the company's property, the
possibility of adverse developments in the financial markets generally,
fluctuations in the prices of zinc, gold, silver, copper and lead, obtaining
additional mining and construction permits, preparation of all necessary
engineering for ongoing underground and processing facilities as well as
receipt of additional financing to fund mine construction, development and
operation, if needed. Such funding may not be available to the Company on
acceptable terms or on any terms at all. There is no known ore at Campo Morado
and there is no assurance that the mineralization at Campo Morado will ever be
classified as ore. For more information on the Company and the risk factors
inherent in its business, investors should review the Company's Annual
Information Form at www.sedar.com.

For further information:

For further information: on Farallon Mining Ltd., please visit the
Company's website at www.farallonmining.com or contact Neil MacRae, Investor
Relations Manager, at (604) 638-2160 or within North America at

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