UG Decline And Mill Facilities Substantially Complete

VANCOUVER, BC - Farallon Resources Ltd. reported that the underground decline and surface facilities at the Company's G-9 project at the Campo Morado (zinc, copper, lead silver, gold) property in Guerrero State, Mexico are substantially complete.
The underground decline is approximately 30 metres from the initial zone of mineralization to be mined. Development is now continuing and the mineralized zone is expected to be reached in mid July. Surface construction is also substantially complete with all major mill components either on site, installed, operating or being commissioned. The water retention dam and tailings storage facility are also both substantially complete and will be operational within two weeks. The power line from Arcelia, a regional centre, to the G-9 site is finished and was energized on June 25, 2008.
The total cost for the project is currently projected to be US$138 million or approximately 11% over that expected in the December 2007 Preliminary Economic Assessment. This concludes the construction phase of the project and, while construction activities will continue in several areas, the Company will now begin to focus on operational startup activities, targeting an October 1, 2008 completion date.
The company's address is 428- 800 West Pender Street, Vancouver BC V6C 2V6,  604-684-6365, fax: 604-684-8092.