Far West Mining Ltd. Vancouver, B.C. TSX : FWM is an international mineral exploration company. The Company is primarily engaged in the evaluation, acquisition, and exploration of mineral properties in Chile, Australia, and Argentina.

The Company's most advanced project is the 100% owned Santo Domingo Copper Project in Chile. A NI 43-101 resource estimate has been established for this project and a scoping study is currently underway and is expected to be complete in the first quarter of 2008.

August 14, 2008 closed C$10.1 million Financing - net proceeds of the financing will be used primarily to accelerate development of the Santo Domingo property in Chile.

Chile

An Undervalued Copper and Iron Mining Opportunity in Chile - Santo Domingo Project Iron-Oxide-Copper-Gold (“IOCG”) Deposit

2008 Scoping study results - 2.8 billion lbs Cu + 58 million t Fe conc. + 500,000 oz Au

The Santo Domingo Project currently comprises four deposits: Santo Domingo Sur, Iris, Estrellita and Iris Norte. The Santo Domingo Project is 100% owned by Far West Mining (with a 2% Net Smelter Return royalty to third parties). The project was initiated in 2002 when Far West Mining and BHP Billiton formed a Strategic Alliance to explore for Iron-Oxide-Copper-Gold ("IOCG") deposits in northern Chile's IOCG belt.

On April 1, 2008, the Company published the results of a preliminary economic assessment for the Santo Domingo Sur and Iris deposits conducted by AMEC Americas (Chile).

Australia

Georgetown silver-lead-zinc project in Queensland, Australia - Discovery of new mineralized system & encouraging drill results Q4 2008. Further exploration in 2009

Far West, through its wholly-owned subsidiary Far West Mining Pty Ltd is currently exploring for Broken Hill-type ("BHT") deposits in the Georgetown area of Queensland, Australia. The project is located approximately 300 kilometres west of the port city of Townsville. The Georgetown Project comprises four tenements that cover approximately 1,600 sq km. They were assembled by BHPB to explore for Cannington type deposits

Far West has earned a 70% interest (subject to certain back-in rights by BHP Billiton) in the Georgetown Project by spending US $2,000,000 on exploration (including airborne and ground geophysical programs).

Argentina

The Farallón Negro Project Area is located in the Province of Catamarca in northwest Argentina (see location map). Far West Mining is exploring for hidden porphyry copper gold deposits in the Argentinean Andes. The belt is ranked among the top five prospective magmatic arcs in the world for porphyry copper gold exploration

Far West and BHPB employed the advanced airborne FALCON(tm) gravity gradiometer system in order to reduce exploration risk and expense in covered areas

Far West may earn a 70% interest (subject to certain back-in rights by BHP Billiton) in the Farallón Negro Project by spending US $2,000,000 on exploration including airborne geophysical programs by April 2010.