Far West Mining Ltd.

Far West Mining Ltd.

September 09, 2008 19:08 ET

Far West Mining Commences Drilling at Santo Domingo Copper-Iron Project in Chile

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 9, 2008) - Far West Mining Ltd. (TSX:FWM) is pleased to announce that drilling will commence at the Santo Domingo copper-iron project in Chile on September 11, 2008. The drill program is designed to test extensions to the Santo Domingo Sur, Iris, Estrellita and Iris Norte deposits and to follow up on near surface iron mineralization intercepted in previous campaigns. Plans for the current campaign include 20 drill holes for approximately 5,000m of reverse circulation drilling.

Following the release of the Preliminary Assessment for the Santo Domingo Sur and Iris deposits (240Mt @ 0.54% Cu and 24.3% Fe - see news release dated April 1, 2008), the Company conducted a review of the outcomes and recommendations from the study. It was determined that the economics of the project can best be improved by adding resources that are either close to surface or near the planned pit outlines. The Preliminary Assessment also highlighted the economic importance of the iron component to the project suggesting that previously encountered iron mineralization close to surface warrants further exploration.

Several drill holes will be drilled between the Santo Domingo Sur and Iris pits to investigate the possibility of connecting both open pits in the project plan.

Additional holes are planned to expand the limits of known mineralization around the margins of the Estrellita (31.7Mt @ 0.53% Cu - see news release dated September 6, 2007) and Iris Norte deposits (no resource calculated). These two deposits were not included in the Preliminary Assessment, but have the potential to add significant tonnage to the project.

Drilling is also planned around near surface iron mineralization intercepted in previous drill campaigns.

The Company intends to update the current NI 43-101 compliant resources of the Santo Domingo Sur, Iris and Estrellita deposits and calculate a NI 43-101 compliant resource for the Iris Norte zone using the results from this campaign. On completion of a new resource report, the Company will include all four deposits in the project mining plan for Santo Domingo. The Company is committed to further enhance the scale of the project by adding resources through exploration.

The in-house qualified person responsible for the Project is Richard N. Zimmer, P. Eng., V.P. and C.O.O. and a director of Far West Mining Ltd. 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.


Richard N. Zimmer, P.Eng., Vice President and C.O.O.

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

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.

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

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