November 27, 2007 Vancouver, BC - Farallon Resources Ltd. (�Farallon� or the �Company�) (TSX: FAN; OTCBB: FRLLF) is pleased to announce it has entered into an agreement with a syndicate of underwriters, led by Paradigm Capital Inc. and including Canaccord Capital Corporation, MGI Securities Inc. and Raymond James Limited (the �underwriters�), pursuant to which the underwriters have agreed to buy, or find substitute purchasers therefor, approximately 28,572,000 common shares (�Shares�) from Farallon at a price of CDN$0.70 per Share, representing an aggregate bought-deal of CDN$20 million (the �Offering�). A separate non-brokered private placement will bring the aggregate gross proceeds to CDN$25 million.

The underwriters will have an over-allotment option, exercisable at any time prior to 30 days after the closing date of the Offering, to acquire, at the issue price, up to an additional number of Shares that is equal to 15% of the number of Shares sold pursuant to the Offering�

To view this news release in its entirety please clicks on the links below or copy and past it into your web browser.

http://www.farallonresources.com/fan/NewsReleases.asp?ReportID=274348

If you have any questions do not hesitate to contact us as provided below.

Best Regards,

Investor Services
Hunter Dickinson Inc.
Toll Free 1-800-667-2114
Main 1-604-684-6365
info@hdgold.com
www.hdgold.com




*Other HDI affiliated companies include Amarc, Anooraq, Detour, Farallon, Continental, Northern Dynasty, Rockwell, and Taseko. Visit us at www.hdgold.com
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