FARALLON MINING LTD : NEWS

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10 déc. 2009 •17:46

Farallon's President receives award for Canada-Mexico relations

VANCOUVER, Dec. 9, 2009 (Canada NewsWire via COMTEX News Network) --
Farallon Mining Ltd. ("Farallon" or the "Company") (TSX:FAN) is pleased to announce that Dick Whittington, President and CEO of Farallon, has received an award from the Governor General of Canada, Ms. Michaelle Jean. The award is to recognize individuals who have worked to strengthen Canada-Mexico relations and was presented on the occasion of the recent State Visit to Mexico by the Governor General of Canada.

The award is in recognition of Mr. Whittington's efforts in forming the Mining Task Force in association with the Canadian Chamber of Commerce in Mexico and also his efforts to continually promote Canadian mining interests in Mexico as well as his strong commitment to Corporate Social Responsibility. The objective of the Mining Task Force is to represent and support the interests of Canadian mining companies exploring and operating in Mexico. The thirty-three members of the Mining Task Force now constitute a market capitalization of approximately CDN$50 billion dollars and operate 27 mines in Mexico as well as numerous exploration projects.

Mr. Whittington joined Farallon in 2004 as the President & CEO, and since that time Farallon has discovered, constructed and brought into full commercial production the G-9 Mine on the Campo Morado property in the state of Guerrero. At the same time, Mr. Whittington has also worked to promote strengthened relations across the two countries and this award recognizes that achievement.

Ron Thiessen, Chairman of Farallon commented "Dick has been relentless in his pursuit of the development of the Campo Morado Project, not simply the physical elements of the project, but also building a dedicated discovery, engineering, development, financial and administrative team, supportive relationships with the communities and government in Mexico, and strong financial backing from equity holders and bankers. What could or should have taken six years, Dick and his team accomplished in three; most importantly, on time and on budget. I am not surprised at Dick being the recipient of this award, not only has he been a great leader for Farallon, he has been an Ambassador for Canada in Mexico and for Mexico in Canada. On behalf of the Board our shareholders and our staff, I congratulate Dick for this honour."

Farallon's G-9 zinc, copper, silver, gold and lead mine at the Campo Morado Property in Mexico reached commercial production in April 2009. The Company is targeting to produce at an annualized production rate of 120 million pounds of zinc and 15 million pounds of copper per year.