Far West Mining Ltd.

Far West Mining Ltd.

August 12, 2008 08:00 ET

Drilling to Commence at Far West Mining's Georgetown Silver-Lead-Zinc Project, Queensland, Australia

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 12, 2008) - Far West Mining Ltd. (TSX:FWM) is pleased to announce that diamond drilling is scheduled to commence on the Georgetown Silver-Lead-Zinc Project in Queensland, Australia during the third week of August, 2008. The Company plans to complete a ten-hole 3,000 metre program testing magnetic and electromagnetic geophysical targets within the next three months.

Far West Mining Ltd. ("the Company"), through its wholly-owned subsidiary Far West Mining Pty Ltd is currently exploring for Broken Hill-type ("BHT") deposits (Broken Hill 280 Mt @ 8.5% Zn, 10.0% Pb, 150gpt Ag and Cannington 45 Mt @ 11.9% Pb, 4.8% Zn, 520gpt Ag) in the Georgetown area of Queensland, Australia under an option agreement with BHP Billiton. The Georgetown Project, located approximately 300km west of the port city of Townsville (see Figure 1), comprises four tenements covering approximately 1,600 sq km. The land package assembled by BHP Billiton covers lithology similar to that which hosted the Broken Hill deposit.

In 2007, the Company completed ground geophysical surveys and a drilling program that yielded encouraging results, confirming the presence of prospective host rocks with BHT style alteration under cover in the project area. The drilling campaign was limited to only two target areas within two of the four tenements due to the advent of the rainy season.

The 2008 field season commenced in June with an expanded ground magnetic survey to cover airborne geophysical anomalies not detailed in 2007. Promising new drill targets were generated and will be drill-tested this year. Drilling will also be carried out to follow significant alteration zones that were intersected in 2007.

To view Figure 1 accompanying this press release, please click on the following link: http://media3.marketwire.com/docs/fwm0812.jpg

The Company may earn a 70% interest in the Georgetown Project (subject to certain back-in rights by BHP Billiton) by spending US $2,000,000 on exploration (including airborne and ground geophysical programs) by October, 2008. The Company expects to complete the exploration expenditure requirement and exercise its option during the month of August 2008.

The in-house qualified person responsible for the Project is Robert E. Hindson, P.Eng., Chief Executive Officer, President and a director of the Company who has reviewed and approved the contents of this news release.

Far West Mining Ltd. is an international mineral exploration company engaged in the evaluation, acquisition, exploration and development of mining properties. The Company has current operations in Chile, Argentina and Australia.


Robert E. Hindson, P.Eng., President and C.E.O.

This news release contains certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical fact, that address future production, reserve potential, exploration drilling, exploitation activities and events or developments that the Company expects to occur, are forward looking statements. Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Information inferred from the interpretation of drilling results and information concerning mineral resource estimates may also be deemed to be forward looking statements, as it constitutes a prediction of what might be found to be present when and if a project is actually developed. 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 may differ materially from those in the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, and 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 actual results or developments may differ materially from those projected in the forward-looking statements. Forward looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made. The Company undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.

The news release uses the term "indicated resource". The Company advises investors that although this term is recognized and required by Canadian securities regulations (under National Instrument 43-101 "Standards of Disclosure for Mineral Projects"), the US Securities and Exchange Commission does not recognize this term. Investors are cautioned not to assume that any part of or all of the mineral deposits in these categories will ever be converted into reserves.

For further information investors should review the Company's filings that are available at www.sedar.com.

The TSX does not accept responsibility for the adequacy or accuracy of this news release.

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