Mexican Court Rules on Hermiston Civil Case


    VANCOUVER, Feb. 24 /CNW/ - Farallon Resources Ltd. ("Farallon" or the
"Company") (TSX: FAN) announces that the Fifth Collegiate Court in Mexico City
has dismissed an appeal made by David L. Hermiston in November 2008, as being
without merit. This appeal was related to a ruling made by the Civil Court in
June 2007 regarding a civil case initiated by David L. Hermiston in September
2004. In the June 2007 ruling, the Civil Court dismissed the case and awarded
legal costs to Farallon. The current ruling is final and has, once again,
vindicated the Company's position in all respects with regard to its ownership
rights to the Campo Morado property. The case is now closed.
    As reported in a news release dated September 14, 2004, a writ was filed
in the Federal Court of Mexico on September 6, 2004, wherein Farallon was
named as a defendant along with 15 other parties, including the Government of
Mexico, in a series of claims filed by David L. Hermiston ("Hermiston") as
Plaintiff. This writ alleged Hermiston was defrauded of certain ownership
rights in shares of Minera Summit de Mexico, S.A. de C.V., the prior owner of
the Campo Morado property. In June 2007, the Civil Court in Mexico City
dismissed the case and awarded costs to Farallon. In early August 2007,
Hermiston appealed this judgment, but in February 2008, the Appeal Court in
Mexico City dismissed the appeal. In March 2008, Hermiston filed a further
appeal in Mexico to have this ruling reviewed. The Fifth Collegiate Court in
Mexico City subsequently asked the First Unitary Court to review its ruling
which it did in October, re-affirming the original June 2007 decision and,
again, ordering Hermiston to pay costs to Farallon. Hermiston appealed the
October ruling to the Collegiate Court; however, this February 6, 2009 ruling
of the Fifth Collegiate Court has denied Hermiston's appeal and has, once
again, re-affirmed the June 2007 ruling and has, again, ordered Hermiston to
pay costs. This is the final appeal on this matter and the current judgment
now concludes the civil action launched by Mr. Hermiston against Farallon in
September 2004 and the case is closed.
    Dick Whittington said: "This ruling is very good news. Mr. Hermiston's
unfounded ownership allegations against the Company have again been found to
be without merit. The case has been outstanding for a long time but is now
finally over. It has been frustrating for shareholders to see this process
linger on; however, we have prevailed in each instance and in each
jurisdiction on this case and Mr. Hermiston has once again failed to
substantiate, in any way, his allegations regarding the Company's ownership
rights to the Campo Morado property. Furthermore, Farallon will take all
measures possible to recover the costs awarded by the courts. Coupled with the
default judgment awarded in a similar case in Nevada initiated by Hermiston,
these costs are now well in excess of $1 million. The civil case has now
reached conclusion as has the criminal case (February 9, 2009 news release).
Again, I would like to thank our legal counsel for their patience and
persistence in getting a final resolution to these matters."

    J.R.H. (Dick) Whittington
    President and 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 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 and the Company's annual report on Form 40-F

For further information:

For further information: For further details on Farallon Resources Ltd.,
please visit the Company's website at or contact
Investor Services at (604) 638-2160

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Farallon Mining Ltd.

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