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Farallon Mining Ltd.

Publié le 14 mai 2008

SECURES $3.8 MILLION LOAN

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May 13 2008, Vancouver, BC � Dick Whittington, President and CEO of Farallon Resources Ltd. (�Farallon� or the �Company�) (TSX: FAN; OTCBB: FRLLF), announces that the Company has reached an agreement with two arm�s length investors (the �Lenders�) for a $3.8 million Loan (the �Loan�).

The Loan is backed by 6,304,600 warrants of Farallon with an expiry date of November 17, 2008 (the �Expiry Date�).
The Loan will be repayable from the proceeds of the warrants when exercised on or before the Expiry Date. On the Expiry Date, if the Loan has not been repaid, the Lenders have the option to be paid in cash or receive common shares of the Company (the �Conversion Right�). In the event that the Conversion Right is exercised, the Lenders will receive that number of common shares obtained by dividing the outstanding principal amount of the Loan by the market price (as defined under the rules of the Toronto Stock Exchange (the �TSX�)), less the maximum permissible discount under the rules of the TSX at May 12, 2008 � the date of execution and delivery of the Loan. The Loan is subject to TSX approval. The shares are subject to applicable resale restrictions.

The proceeds will be used to fund continued exploration on the Campo Morado property in Guerrero, Mexico and for working capital.

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=301337

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. To be removed from all of HDI�s email lists please reply to this email with �Remove All� in the subject line.


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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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TORONTO (FAN.TO)FRANKFURT (FB2.F)
0,790+0.00%0,600+5.26%
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112 574 -%
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