Farallon Announces Corporate Name Change


    VANCOUVER, May 25 /CNW/ - Farallon Resources Ltd. ("Farallon" or the
"Company") (TSX: FAN) announces that it has changed its name to Farallon
Mining Ltd. Farallon's President Mr. Dick Whittington made the announcement at
the Company's Annual General Meeting held on May 22, 2009 in Vancouver.
    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. The new name reflects this reality.
The company website will now be located at www.farallonmining.com. The
previous Company website www.farallonresources.com will still be active until
September 30, 2009 and will direct viewers through to the new site.
    Dick Whittington, President and CEO, said: "This is an exciting moment
for the Company and is a reflection of the nature of our current situation,
that of being an operating mining company. The pace of change over the last
four years since we discovered the G-9 deposit has been hectic to say the
least. In less than four years, we drilled the deposit, designed the mine,
financed and constructed it, then commissioned it and brought the 1,500 tonnes
per day underground mine into "Commercial" production, and done so without a
Feasibility Study or a partner. We are now in full operation and are in the
process of restructuring our balance sheet, to put the foundation in place for
future profitability and growth. The market is looking for new emerging
producers with excellent assets, operating cash flow and significant
exploration upside. Farallon Mining Ltd. fits that profile."
    Farallon's G-9 zinc, copper, silver, gold and lead mine at its 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. The
Company's ultimate goal is to be a low-cost, multi-mine, mid-tier mining

    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 Resources Ltd., please visit the
Company's website at www.farallonresources.com or contact Investor Services at
(604) 638-2160 or within North America at 1-800-667-2114

Organization Profile

Farallon Mining Ltd.

More on this organization

Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890