Farallon Resources Ltd.
TSX : FAN

Farallon Resources Ltd.

December 15, 2006 13:15 ET

Farallon Prospectus Finalized

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Dec. 15, 2006) - Farallon Resources Ltd. ("Farallon" or the "Company") (TSX:FAN) announces that it has now filed and received regulatory acceptance for its final short form prospectus for the previously announced (November 21, 2006) public equity offering. Completion of the sale securities offered under the Prospectus through a syndicate of Canadian securities dealers is targeted to occur on December 21, 2006.

The anticipated net proceeds in the amount of approximately $75 million will be used to advance work on the G-9 deposit at the Company's Campo Morado project in Mexico, and for working capital purposes.

The securities being offered have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States in the absence of registration or an applicable exemption from the registration requirements. This press release does not constitute an offer to sell or the solicitation of an offer to purchase securities in the United States.

Farallon Resources Ltd. is an international exploration and development company, listed on the Toronto Stock Exchange. For additional details, 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.

Dick Whittington, President and 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 financings, production, reserve potential, exploration drilling, exploitation activities and events or developments that the company expects 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 or developments may differ materially from those in the forward-looking statements. Factors that could cause 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.

No regulatory authority has either approved or disapproved of the contents of the news release.

Contact Information

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