Far West Mining Ltd.
TSX : FWM

Far West Mining Ltd.

December 20, 2007 16:36 ET

Far West Mining Plans to Resume Drilling on the Santo Domingo Property in January

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 20, 2007) - Far West Mining Ltd. (TSX:FWM) is pleased to announce that the Company plans to resume drilling on the Santo Domingo Copper Property, Chile in mid-January following the Christmas break.

Santo Domingo Project, Chile - Copper

Far West plans to recommence drilling on the Santo Domingo property following the Christmas period to test a number of new targets that emerged as a result of geophysical surveys conducted in October 2007. The new targets are located on the flanks of previously defined FALCON™ gravity anomalies and are thought to be indicative of sulphide mineralization. In addition, drilling will be conducted to expand the Estrellita deposit to the northeast, west and the southwest.

The Santo Domingo Property in Chile hosts a NI 43-101 Indicated Resource of 2.85 billion pounds of copper. Prior to the release of the resource estimate in September 2007 the Company temporarily suspended drilling on the property in order to complete the ground geophysical program.

Results of the Scoping Study on the Santo Domingo Sur and Iris deposits, overseen by AMEC Americas (Chile), are expected in the 1st quarter of 2008. As part of the study, a geophysical program was conducted on the property to identify areas that could host water sources. A number of high potential target areas have been identified on the property and are scheduled to be drill tested in conjunction with the exploration drill program. The discovery of a viable water resource on the property will have a positive impact on the feasibility of the project as it will reduce initial capital expenditures.

A metallurgical study was commissioned with Quebec-based COREM in the 4th quarter of 2007 to investigate potential technologies that could be applied to recover iron at Santo Domingo. A process has been recommended and a program to test its viability is to be conducted with the results expected in the 3rd quarter of 2008. In addition, samples from Estrellita and from the upper areas of Santo Domingo Sur will be submitted for metallurgical testing to assess the recovery of the oxide copper component. Positive results may justify an initial oxide leach operation which could provide early cash flow from the project.

Georgetown Project, Australia - Silver/Lead/Zinc

Far West and BHP Billiton are exploring in the Georgetown area of northern Queensland in the search for Cannington/Broken Hill type (BHT) silver/lead/zinc deposits. In 2007 the Company carried out a 2,375 metre drill program consisting of seven drill holes to test two of six target areas that cover some 1500 sq km. All of the drill holes intercepted prospective host rocks under the cover of a younger sandstone unit proving that the exploration concept at Georgetown is valid. Drill core has been submitted for analysis with results expected in the 1st quarter of 2008.

Further drilling will be conducted on the Georgetown Property in 2008 to continue exploration on the initial two target areas and investigate the remaining four. It is anticipated that drilling will commence in the 2nd Quarter of 2008 after the conclusion of the rainy season.

Farallon Negro Project, Argentina - Copper/Gold

Far West is exploring for large scale porphyry copper-gold deposits within the Farallon Negro properties in the Catamarca province of Argentina. The 7,200 sq. km. property was acquired as a result of a BHP Billiton initiative and has been flown with the proprietary FALCON™ airborne gravity system. The Company will begin a follow-up induced polarization survey in the 1st quarter of 2008 to identify the presence of porphyry copper related anomalies for subsequent drill testing. The geophysical program is scheduled to commence in January 2008 and will continue for a number of months. Following interpretation of the results a drill program may begin in the 4th quarter of 2008.

For more detailed project information visit the Company website at www.farwestmining.com.

The in-house qualified person is Robert Hindson, P.Eng., CEO and 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) and is exploring in Argentina and Australia in a joint venture relationship with 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. 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. The Company does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future events or otherwise.

This news release uses the terms "inferred resources", "indicated resources", "measured resources", and "mineral resources". The Company advises investors that although these terms are 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 these terms. Investors are cautioned not to assume that any part or all of the mineral deposits in these categories will ever be converted into reserves. In addition, "inferred resources" have a great amount of uncertainty as to their existence, and economic and legal feasibility. It cannot be assumed that any part of an Inferred Mineral Resource will ever be upgraded to a higher category. Under Canadian rules, estimates of Inferred Mineral Resources may not form the basis of feasibility or pre-feasibility studies, or economic studies except for a Preliminary Assessment as defined under National Instrument 43-101. Investors are cautioned not to assume that part or all of an inferred resource exists, or is economically or legally mineable.

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

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