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Farallon Mining Ltd.

Publié le 15 janvier 2008

ANNOUNCES CLOSING OF PUBLIC OFFERING AND COMPLETION OF PRIVATE PLACEMENT FOR PROCEEDS OF $2

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January 15, 2008 - Farallon Resources Ltd. (�Farallon� or the �Company�) (TSX: FAN; OTCBB: FRLLF) announces that it has closed the �bought deal� short form prospectus offering (the �Offering�) of 28,572,000 common shares (�Shares�) of Farallon at a price of CDN$0.70 per Share (the �Offering Price�) announced on November 27, 2007. A syndicate led by Paradigm Capital Inc., and including Canaccord Capital Corporation, MGI Securities Inc. and Raymond James Ltd. (collectively, the �Underwriters�), acted as Underwriters in connection with the Offering.

The Company granted to the Underwriters an over-allotment option to purchase up to an additional 4,285,800 Common shares at the Offering Price. The Underwriters have elected to exercise this option with respect to 2,080,000 Shares at the closing, resulting in gross proceeds from the Offering of CDN$21.46 million.

Farallon has also completed a private placement financing (the �Private Placement�), which included a 15% over-allotment option that was exercised in full. The Company issued 8,214,450 common shares at a price of CDN$0.70 per share for gross proceeds of CDN$5.75 million. These shares are subject to a four month hold period from the closing date.

The aggregate gross proceeds raised from the Offering and the Private Placement financings is CDN$27.21 million�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=281291

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


If you no longer wish to be on Farallon's email distribution list, simply reply to this email with �Remove FAN� in the subject line.

*Other HDI affiliated companies include Amarc, Anooraq, Detour, Farallon, Continental, Northern Dynasty, Rockwell, and Taseko. Visit us at www.hdgold.com for more information. To be removed from all of HDI's email lists please reply to this email with �Remove All� in the subject line.

.

Farallon Mining Ltd.

CODE : FAN.TO
ISIN : CA30739T1012
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Farallon est une société développant des projet miniers basée au Canada.

Farallon est cotée au Canada, aux Etats-Unis D'Amerique et en Allemagne. Sa capitalisation boursière aujourd'hui est 377,7 millions CA$ (381,1 millions US$, 284,7 millions €).

La valeur de son action a atteint son plus haut niveau récent le 31 décembre 1998 à 5,05 CA$, et son plus bas niveau récent le 14 novembre 2008 à 0,10 CA$.

Farallon possède 478 154 000 actions en circulation.

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Rapports annuels de Farallon Mining Ltd.
Annual report 2007
Financements de Farallon Mining Ltd.
15/01/2008ANNOUNCES CLOSING OF PUBLIC OFFERING AND COMPLETION OF PRIVA...
27/11/2007ANNOUNCES BOUGHT-DEAL PUBLIC OFFERING & PRIVATE PLACEMENT FI...
Nominations de Farallon Mining Ltd.
02/08/2007 ANNOUNCES KEY STAFF APPOINTMENTS INCLUDING GENERAL MANAGER
Rapports Financiers de Farallon Mining Ltd.
16/11/2009ANNOUNCES THIRD QUARTER OPERATING AND FINANCIAL RESULTS
12/08/2009Positive Cash Flow from G-9 Mining Operations Second Quarter...
07/08/2009Second Quarter Results
Projets de Farallon Mining Ltd.
09/05/2008(Campo Morado)ANNOUNCES ADDITIONAL G-9 DRILL RESULTS:
21/01/2008(Campo Morado)RESUMES DRILLING AT G-9 DEPOSIT
Communiqués de Presse de Farallon Mining Ltd.
19/08/2010Announces Extension of Zinc and Copper Concentrates Contract...
09/02/2009Mexican Prosecutor Rules on Criminal Misconduct Case Finds N...
26/05/2008Finalizes Agreement With Silver Wheaton, Retires Bridge Fina...
14/05/2008SECURES $3.8 MILLION LOAN
13/05/2008ANNOUNCES $80 MILLION SILVER SALE AGREEMENT WITH SILVER WHEA...
01/05/2008ANNOUNCES BEST DRILL RESULTS TO DATE AT G-9 DEPOSIT:
23/04/2008ANNOUNCES SIGNING OF AGREEMENT TO INCREASE BRIDGE FACILITY T...
19/03/2008PROVIDES UPDATE ON BANKING ARRANGEMENTS
11/03/2008PROVIDES LEGAL UPDATE
23/04/2007RECEIVES MINE PERMIT FOR G-9 DEPOSIT AT CAMPO MORADO
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