INFILL DRILLING OF NORTH ZONE TO CONTINUE
10 METRES OF 11% ZINC & 8 g/t GOLD IN HOLE 7699

January 21, 2008, Vancouver, BC Dick Whittington, President and CEO of Farallon Resources Ltd. (TSX:FAN; OTCBB: FRLLF) (�Farallon� or the �Company�), is pleased to provide an update on the ongoing core drilling program on the G-9 deposit at the Campo Morado polymetallic (zinc, copper, silver, gold, lead) project in Guerrero State, Mexico. Infill drilling in the North zone has recommenced and is expected to continue until March. A third drill will be added in early March at which time, exploration drilling will restart. Several new assay results are also available from drilling carried out late last year.

Two drills are currently on site, focused on infill drilling of the North zone at G-9. This drilling is being carried out to further delineate the North zone and to improve the level of confidence and upgrade the category of the mineral resource in this zone. This objective is in line with the Company's plans to develop a sufficient base of Measured and/or Indicated resources in the G-9 deposit to enable more detailed mine planning to be carried out.

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=282127

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 for more information.
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