Farallon Resources Ltd.
TSX : FAN
OTC Bulletin Board : FRLLF

Farallon Resources Ltd.

June 17, 2008 09:00 ET

Farallon Makes Key Appointments in Management & Finance

VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 17, 2008) - Farallon Resources Ltd. ("Farallon" or the "Company") (TSX:FAN)(OTCBB:FRLLF) announces key appointments in corporate management and finance.

Greg McCunn has been appointed Chief Financial Officer of Farallon. Mr. McCunn holds Bachelor of Applied Science and Masters of Business Administration degrees. A Professional Engineer with over 15 years of domestic and international experience in the mining industry, his background includes roles in corporate development, project management and operations. Most recently, he was Vice President, Project Development for Zincore Metals and prior to that, he worked for the Hunter Dickinson group as a Senior Project Engineer. He has also worked for Placer Dome and Teck Cominco in corporate and operating functions.

Kevin Hart has recently joined the Company as Corporate Controller. A Certified Management Accountant, he has 14 years of experience in accounting and finance, joining Hunter Dickinson in 2001 as a Senior Accountant for various public companies with mineral explorations projects. In 2004, he was appointed Assistant Controller for Taseko Mines Limited and has been the Minesite Controller at its Gibraltar Mine in south-central British Columbia since 2007. He possesses expertise in financial and management reporting, inventory and costing system, administering and evaluating long-term sales contracts and in managing accounting, information technology and payroll.

Mr. McCunn is appointed as of June 29 2008. He will replace Larry Yau, who is leaving the Company to pursue other opportunities. The Company wishes Larry well in his future endeavours.

Farallon is advancing the G-9 polymetallic (zinc, copper, silver, gold, lead) project at its Campo Morado Property in Mexico through a 'Parallel Track' program. Exploration drilling is expanding and confirming the high-grade mineralization within the G-9 deposit, in parallel with mine planning, equipment acquisition and site preparation and construction activities with the goal of beginning production in July 2008.

For further details on Farallon Resources Ltd., please visit the Company's website at www.farallonresources.com or contact Investor Services at (604) 684-6365 or within North America at 1-800-667-2114.

ON BEHALF OF THE BOARD OF DIRECTORS

J.R.H. (Dick) Whittington, President & CEO

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 potential, continuity of mineralization, exploration drilling, exploitation activities 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. The likelihood of future mining at Campo Morado is subject to a large number of risks and may require achievement of a number of technical, economic and legal objectives, including obtaining lower than expected grades and quantities of mineralization and resources, recovery rates and mining rates, changes in and the effect of government policies with respect to mineral exploration and exploitation, the possibility of adverse developments in the financial markets generally, delays in exploration, development and construction projects, fluctuations in the prices of zinc, gold, silver, copper, lead and other commodities, obtaining additional mining and construction permits, completion of pre-feasibility and final feasibility studies, preparation of all necessary engineering for underground and processing facilities as well as receipt of additional financing to fund mine construction. 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 www.sedar.com and the Company's annual report on Form 20-F at www.sec.gov.

No regulatory authority has approved or disapproved the information contained in this news release.

Contact Information

  • Farallon Resources Ltd.
    Michael Curlook
    Investor Services
    (604) 684-6365 or Toll Free: 1-800-667-2114
    (604) 684-8092 (FAX)
    Website: www.farallonresources.com