Far West Mining Ltd.
TSX : FWM

Far West Mining Ltd.

August 14, 2007 14:48 ET

Far West Mining Ltd.: Drilling Expands Estrellita Copper Deposit on the Santo Domingo Property in Chile

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 14, 2007) - Far West Mining Ltd. (TSX:FWM) is pleased to report the results from 29 reverse circulation (RC) drill holes completed at the Estrellita deposit on the Company's Santo Domingo Property in Chile. Drilling has extended the deposit 200 metres to the southwest and 100 metres to the east. The deposit remains open to the west, southwest and the northeast. A geophysical survey designed to improve the targeting of drill holes around the Santo Domingo Sur, Estrellita and Iris deposits as well as generate additional exploration drill targets on the Santo Domingo Property is scheduled to commence in the third week of August.

Highlights

- Drilling extends mineralization at the Estrellita deposit 200 metres to the southwest and 100 metres to the east.

- Mineralization in hole 4a3-311 begins on surface and includes 22 metres grading 0.99% copper within a wider zone of 60 metres grading 0.59% copper.

- Mineralization in hole 4a3-312 includes 16 metres of 1.08% copper.

- A geophysical survey designed to improve the targeting of drill holes and generate additional exploration drill targets is scheduled to commence in the third week of August.

Estrellita Deposit

The recent drill program at Estrellita was designed to extend and define the margins of the deposit, and clarify the structural framework to aid in modelling the ore body for the initial resource calculation.

Drill hole 4a3-297 confirmed previously reported results from drill hole 293 and intersected 14 metres of 0.93% copper at a depth of 102 metres. In addition, the drill hole extended the mineralized zone 100 metres to the east. Holes drilled south and east of drill hole 297, however, did not intersect mineralization and support the possibility that the Estrellita deposit has been offset towards the north and down-dropped by a north-south fault (see news release from June 25, 2007). Additional drilling will be required to determine the western and northeastern margins of the deposit.

Drill holes 303 through 306 are located in a structurally complex part of the deposit along its northern margin. Holes 303 and 304 intersected mineralized intervals (see table below) while holes 305 and 306 intercepted barren volcanic rocks in a separate fault block, thus determining the limit of mineralization at this location.

Drill holes 307 through 323 are short inclined holes that were designed to define the southern margin of the deposit. The presence of mineralization in holes 321 and 323 clarifies that the deposit remains open towards the southwest where additional drilling will be carried out at a later date. Drill holes 324 and 325 are short inclined holes that were drilled to determine the position of a structure at the northwestern corner of the deposit.

Drill results from Estrellita are tabled below:



-----------------------------------------------------------
Drill hole Angle From To Interval Grade
Number (degrees) (metres) (metres) (metres) (% Cu)
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4a3-297 -70 102 116 14 0.93
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4a3-302 -60 26 46 20 0.57
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incl. 38 46 8 1.03
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4a3-303 -70 56 82 26 0.39
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116 148 32 0.44
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4a3-304 -70 90 114 24 0.83
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incl. 90 102 12 1.07
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4a3-310 -70 0 20 20 0.62
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incl. 14 20 6 1.51
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4a3-311 -70 0 60 60 0.59
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incl. 0 22 22 0.99
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4a3-312 -70 0 128 128 0.43
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incl. 68 84 16 1.08
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4a3-313 -70 56 64 8 1.02
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-----------------------------------------------------------
4a3-314 -70 18 22 4 1.33
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4a3-321 -60 92 96 4 1.20
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104 122 18 0.69
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4a3-323 -60 0 8 8 1.07
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110 126 16 0.74
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True widths of intercepts from drill holes angled at -60 degrees and -70
degrees to the south are approximately 87% and 94% respectively of the
reported widths.


Santo Domingo Property - Exploration

Drilling on the Santo Domingo Property was suspended in mid July to permit the Company to conduct an electromagnetic geophysical survey. It is anticipated that drilling will recommence at a later date.

Exploration on the Santo Domingo Property to date has been based on magnetic and gravity geophysical data obtained from a Falcon™ airborne survey. While the survey can detect the presence of magnetic and non magnetic iron oxide deposits, it cannot detect the presence of associated copper sulphides. High grade copper sulphide intersections in the Santo Domingo Sur deposit have been found to be conductive and should respond to an electromagnetic survey.

The survey will be carried out over prospective areas of the Santo Domingo Property. The dataset from such a survey has the potential to greatly improve the targeting of future drill holes around the Santo Domingo Sur, Estrellita and Iris deposits as well as generate additional exploration drill targets on the Santo Domingo Property. The survey is scheduled to commence in the third week of August.

To view attached image please click on the following link: http://www.ccnmatthews.com/docs/fwm0814.pdf

Assaying Procedures

A QAQC (quality assurance, quality control) program conducted by Far West consisted of the introduction of standard, duplicate, and blank samples into the sample sequence at regular intervals. Standard samples were prepared by CDN Resource Laboratories Ltd. of Delta, B.C.

Samples were subjected to aqua regia digestion and analysed for 27 elements by ICP-MS (induced coupled plasma mass spectrometry). Atomic absorption was used to determine copper values exceeding 10,000ppm. Gold was analyzed by fire assay with atomic absorption finish using a 30g pulverized sample.

The in-house qualified person is Robert E. Hindson, P. Eng., Chief Executive Officer, President and a director of Far West, 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 (100% Far West) as well as in Argentina and Australia in collaboration with its strategic alliance exploration partner BHP Billiton.

FAR WEST MINING LTD.

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