5 metres grading 31% zinc in North Zone;
6 metres grading 20% zinc in Abajo Zone

May 1, 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. Drilling in the North and Abajo zones has intersected the highest grades to date.
Three rigs are deployed to complete the current 35,000-metre surface drilling program. The program has two main objectives: to discover another G-9 style deposit and to increase and extend the resources around G-9.

To meet the first objective, one rig is drilling step out holes targeting the stratigraphic horizon that hosts the Abajo zone, discovered late last year. The Abajo zone is situated approximately 200 metres below the stratigraphic horizon that hosts the Reforma, El Rey, Naranjo, and El Largo deposits at Campo Morado, and its discovery has re-opened the entire area north of the San Raphael fault to further exploration. The initial results from this year’s program are very promising: hole 718 intersected 8.75 metres grading 16.3% zinc, 1.71% copper and 1.99 g/t gold, including a 6-metre interval grading 20.11% zinc, 1.78% copper and 1.78 g/t gold. This is the highest grade intersection made so far at the Abajo zone…

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http://www.farallonresources.com/fan/NewsReleases.asp?ReportID=298634

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Best Regards,

Investor Services
Hunter Dickinson Inc.
Toll Free 1-800-667-2114
Main 1-604-684-6365
info@hdgold.com
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