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Farallon Resources Ltd

Tuesday, December 4th, 2007

Dick Whittington, President and CEO of Farallon Resources Ltd. is pleased to announce that the Company and UK-based N M Rothschild & Sons Limited (“Rothschild”) have signed a US$20 million Bridge Facility Loan Agreement that would be used for further pre-development of the high grade G-9 deposit at the Company’s Campo Morado Project polymetallic (zinc, copper, gold, silver, lead) project in Guerrero State, Mexico.
This finalises the first portion of the Rothschild financing package previously announced in March this year (News Release dated March 21, 2007), which comprises this initial US$20 million Bridge Facility, together with the arrangement of a US$70 million Refinance and Development Facility (“RDF”). The Bridge Facility will be used to finance a portion of the cost to acquire mining and processing equipment. The RDF will be used to refinance the Bridge Facility, and to finance the remaining construction activities for the mine and processing facilities of the Project.
Rothschild and Paradigm Capital Inc. will each provide half of the US$20 million Bridge Facility. In addition, Rothschild has been appointed to arrange in early 2008 a consortium of lenders to participate in the US$70 million RDF.
President and CEO Dick Whittington stated, “We are extremely pleased to establish this very important banking relationship with Rothschild, which is a leading bank in the mining business. The signing of this initial Bridge Facility agreement represents a key development for the Company in providing initial equipment financing for the mine and mill. The term facility will then provide the necessary funding to allow completion of building the mine at G-9, targeted for July 2008.”
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