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Farallon Announces Commercial Production at G-9 Mine

Posted on: Monday, 6 April 2009, 07:30 CDT

1,500 TONNES PER DAY DESIGN CAPACITY ACHIEVED IN MARCH

VANCOUVER, April 6 /PRNewswire-FirstCall/ - Farallon Resources Ltd. ("Farallon" or the "Company") (TSX: FAN) announces that it has reached commercial production at the G-9 Mine in Guerrero State, Mexico. The full design production capacity of 1,500 tonnes per day has been achieved on a sustained basis from March 5, 2009 and commercial production has been declared as of April 1, 2009.

The G-9 Mine progressed through a successful commissioning phase in late 2008 and increased production during the months of January and February, 2009. The mine is now operating at full design capacity of 1,500 tonnes per day. The focus going forward is on improving operational efficiencies in both the mine and mill, with particular emphasis on improving mill recoveries.

Farallon will announce its first quarter production results in a news release on Tuesday April 21, 2009. The Company will hold a conference call on Wednesday April 22, 2009 at 11:00 AM Eastern Time (8:00 AM Pacific Time) to discuss the results. Further details on the call will be provided in the April 21 release.

Dick Whittington said "The G-9 Mine has now been successfully brought into full commercial production. In a time of market turmoil, it is a great achievement by management and staff to be able to focus on the task at hand and reach our goal. Our next step is to improve the efficiencies at the operation, as it is critical that we perform on an optimal operational level through the next few months. We are confident that the G-9 Mine can be sustained though this difficult metal price environment, and enable the Company to prosper when metal prices inevitably recover down the road."

Farallon has advanced the G-9 polymetallic (zinc, copper, silver, gold, lead) project at its Campo Morado Property in Mexico through a 'Parallel Track' program in 2007 and 2008. Surface facilities were largely completed in mid 2008, followed by mill commissioning and underground stope development during the balance of 2008. The mine is now in commercial production of 1500 tpd. Vessel shipments of concentrates commenced in February 2009 and are now expected to occur on a regular basis throughout the year.

ON BEHALF OF THE BOARD OF DIRECTORS J.R.H. (Dick) Whittington President & CEO No regulatory authority has approved or disapproved the information contained in this news release 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 or resource potential, continuity of mineralization, exploration drilling, operational activities, production rates, costs to completion 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 and may require achievement of a number of operational, technical, economic and legal objectives. The likelihood of continued future mining at Campo Morado is subject to a large number of risks, including obtaining lower than expected grades and quantities of mineralization and resources, lower than expected mill recovery rates and mining rates, changes in and the effect of government policies with respect to mineral exploration and exploitation, the possibility of local disputes including blockades of the company's property, the possibility of adverse developments in the financial markets generally, fluctuations in the prices of zinc, gold, silver, copper and lead, obtaining additional mining and construction permits, preparation of all necessary engineering for ongoing underground and processing facilities as well as receipt of additional financing to fund mine construction, development and operation, if needed. 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.

SOURCE Farallon Resources Ltd.

Source: PR Newswire

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