News Release

Far West Provides Update on the 2007 Drilling

�Program in Progress at the Santo Domingo Property in Chile

Vancouver, BC. – Far West Mining Ltd. (TSX: FWM) is pleased to provide an update on the continuing exploration drilling program at the Santo Domingo Property in Chile.� Since January 22, 2007 the Company has carried out drill programs to test the northern extension of the Santo Domingo Sur deposit, explore exposed mantos proximal to the Estefania mine workings, and test coincident magnetic and gravity signatures within structurally favourable areas in the 4a2 Target area located 2km southwest of Santo Domingo Sur.

Drilling on the Santo Domingo Sur deposit has extended the copper bearing mantos up to 300m to the north in the western part of the deposit.� The copper bearing mantos are variably mineralized with the best hole, 4a3-250, grading 1.01% Cu over 46m from 224m to 270m and 0.62% Cu over 16m from 294m to 310m.

Drilling in the vicinity of the Estefania mine workings and in the 4a2 Target area encountered weak copper mineralization hosted by narrow structures and thin poorly developed mantos.

Drilling is currently being carried out to the south and east of the Santo Domingo Sur deposit prior to returning the drill to the Estrellita area where a large number of drill pads have been prepared.� A thirty hole, 7,500m program is planned at Estrellita to test the eastern and western extensions of the mineralized zone that was defined in 2006.� Following the completion of this program, a 9,600m drill program will be conducted in the area between Estefania and Santo Domingo Sur where multiple magnetic and gravity anomalies remain to be tested.

Santo Domingo Sur

Drilling to the north of the Santo Domingo Sur deposit commenced on February 26th in an attempt to expand the mineralized zone.� Eighteen reverse circulation (RC) holes were drilled at 100m to 300m step-outs from the holes completed along the northern border in 2006.� The recent drilling indicates that the iron manto sequence continues to dip to the north, thins to the east, and the copper content of the mantos diminishes to the north and east of hole 4a3-75� which encountered 100m grading 0.95% Cu at a depth of 210m.

Assay results for nine of the eighteen holes drilled have been received and are reported in this release.� The copper bearing mantos are variably mineralized with the best hole, 4a3-250, grading 1.01% Cu over 46m from 224m to 270m and 0.62% Cu over 16m from 294m to 310m.� The Santo Domingo Sur deposit has been expanded an additional 250-300m to the northwest although the copper content of the mantos intersected are lower than previously encountered.

FALCON^TM gravity image of the Santo Domingo Sur deposit showing the location of drill holes reported in this release.

Of the nine holes reported in this release, six intersected copper bearing iron oxide manto style mineralization of variable grade and thickness.� Results are tabled below:� �������

The intercepts reported for all the vertical holes are greater than the true width of the mantos which have an approximate dip of 20� to the northwest.� The true width of all intercepts reported is approximately 94% of the stated width.

Holes 4a3-252 and 254 were drilled to the west of hole 4a3-75 and encountered a sequence of andesitic volcanics overlying intercalated limestones and volcanic tuffs.� The results from these holes indicate the presence of a fault that appears to define the western limit of the Santo Domingo Sur deposit.� Additional drilling further to the west will be required to test the potential for another mineralized fault block.� Hole 4a3-257 encountered iron mantos but did not return any significant copper values.

Estefania

Eight reverse circulation (RC) drill holes were placed in a 500m by 350m area around the Estefania mine workings to test exposed iron mantos hosting copper oxide mineralization.� Seven of the holes intersected multiple widely spaced and narrow iron mantos that were weakly mineralized.� The best hole intersected a near-surface 14m wide manto grading 0.57% Cu that is proximal to a well mineralized structure previously mined by small scale miners.� No further drilling is planned for the Estefania area at this time.

It is important to note that a large 1.5 km long, coincident gravity and magnetic anomaly between Estefania and the Iris mine workings remains to be tested. �A 9,600m exploration drill program has been designed to test this area after the drilling in the Estrellita/Pichanga area. �The Pichanga mine workings are located approximately 600m to the west of the currently defined mineralization at Estrellita.

4a2 Target Area

The 4a2 Target area is located 2km southwest of the Santo Domingo Sur deposit and covers an area of 2500m by 1500m.� It is defined by coincident magnetic and gravity signatures and hosts the Caprichosa artisanal mining area on its western boundary where oxide copper in sub vertical vein structures has been mined in the past.� Nine RC holes were drilled to test various targets in the vicinity of the Caprichosa workings and eight were drilled to test exposed iron oxide mantos overlain by intrusive and volcanic sequences on the eastern side of the anomaly.� None of the holes intersected significant mineralization and no further drilling is planned for the 4a2 Target area at this time.

Assaying Procedures

A QAQC (quality assurance, quality control) program conducted by Far West consisted of the introduction of standard, duplicate, and blank samples into the sample sequence at regular intervals.� Standard samples were prepared by CDN Resource Laboratories Ltd. of Delta, B.C.

Samples were subjected to aqua regia digestion and analysed for 27 elements by ICP-MS (induced coupled plasma mass spectrometry).� Atomic absorption was used to determine copper values exceeding 10,000 ppm. Gold was analyzed by fire assay with atomic absorption finish using a 30g pulverized sample.

The in-house qualified persons responsible for the Projects are Robert E. Hindson, P. Eng., Chief Executive Officer, President and a director of Far West, and J. Patricio Varas, P. Geo., Vice-President and a director of Far West, both of whom have reviewed and approved the contents of this news release.

Far West Mining Ltd. is an international mineral exploration company engaged in the evaluation, acquisition, exploration and development of mining properties. The company has current operations in Chile (100% Far West) as well as in Argentina and Australia in collaboration with its strategic alliance exploration partner BHP Billiton.

FAR WEST MINING LTD.�

“Robert E. Hindson”�

Robert E. Hindson, P.Eng.

President and C.E.O.

For further information investors should review the Company’s filings that are available at www.sedar.com or contact Marlene Mathison, manager corporate relations at (604) 602-9144 or info@farwestmining.com ..

The TSX does not accept responsibility for the adequacy or accuracy of this news release.

This news release contains certain statements that may be deemed “forward-looking statements”.� All statements in this release, other than statements of historical fact, that address future production, reserve potential, exploration drilling,� exploitation activities and events or developments that the Company expects to occur, are forward looking statements.� Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words “expects”, “plans” “anticipates”, “believes”, “intends”, “estimates”, “projects”, “potential” and similar expressions, or that events or conditions “will”, “would”, “may”, “could” or “should” occur.� Information inferred from the interpretation of drilling results and information concerning mineral resource estimates may also be deemed to be forward looking statements, as it constitutes a prediction of what might be found to be present when and if a project is actually developed.� 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 may differ materially from those in the forward-looking statements. Factors that could cause the 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.� Forward looking statements are based on the beliefs, estimates and opinions of the Company’s management on the date the statements are made.� The Company undertakes no obligation to update these forward-looking statements in the event that management’s beliefs, estimates or opinions, or other factors, should change.

The news release uses the term “indicated resource”.� The Company advises investors that although this term is recognized and required by Canadian securities regulations (under National Instrument 43-101 “Standards of Disclosure for Mineral Projects”), the US Securities and Exchange Commission does not recognize this term.� Investors are cautioned not to assume that any part of or all of the mineral deposits in these categories will ever be converted into reserves.

Marlene Mathison

Manager, Corporate Relations

Far West Mining Ltd.

Suite 390-1090 W. Georgia St.

Vancouver, BC, V6E 3V7

T: 604-602-9144  F: 604-602-9155

www.farwestmining.com

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