December 11, 2012 - Vancouver, B.C.: Far Resources Ltd. ("Far" or the "Company") is pleased to report the results of detailed soil sampling on the Company's optioned Silver Switchback project in Central British Columbia. The project is readily accessible by way of logging roads from Terrace, BC.
Approximately 115 soil samples were collected at regular intervals on a grid extending for 1.4 kilometres, centered on the main stratabound copper-silver showings. The objective of the program was to extend and better define the known mineralization. A number of additional bedrock showings were discovered during the course of the sampling, and the mineralization now appears to extend for more than 1 kilometre trending NNW-SSE. The mineralization is multi-element in character, but is best defined by the copper and silver results. Peak copper values range up to 308 ppm, over a background 25-30 ppm, while the peak silver value was 8.7 ppm, over a background of 0.3-0.4 ppm. The mineralized zone remains open to the southeast.
Additional bedrock sampling (56 samples) was also undertaken as part of the recent exploration program. Results from this work are still incomplete, and will be reported when they are received and compiled.
The Company also reports on the results of work in 2012 on its Tchentlo Property located approximately 100 kilometres northwest of Fort St.James in north central BC. The target for this program is copper-gold porphyry style mineralization similar to that on the nearby Kwanika property of Serengeti Resources Ltd.
The property consists of two separate claim blocks totaling approximately 2,508 hectares; 244 soil samples were collected from the North Block and 109 soil samples from the South Block. Sampling from the North Block identified an area measuring roughly 400 x 300 metres in size with copper values of greater than 100 ppm, to a maximum of 357 ppm. This target could represent buried porphyry copper-gold mineralization, and warrants further follow-up. On the South Block, detailed sampling confirmed strong arsenic values along with scattered gold and antimony in an area previously identified as a target for shear-hosted gold-silver vein style deposits. Additional work is recommended to identify the bedrock source of this anomaly.
William LeBarge, P.Geo., who is a Qualified Person as defined in NI 43-101, has reviewed the technical content of this news release relating to the Silver Switchback property, and Carl von Einsiedel, P.Geo., who is a Qualified Person as defined in NI 43-101, has reviewed the technical content of this news release relating to the Tchentlo Property.
On Behalf Of The Board Of Directors Of Far Resources Ltd.
Keith C. Anderson, President
The Canadian National Stock Exchange has neither approved nor disapproved the contents of this news release and accepts no responsibility for the adequacy or accuracy hereof.
This news release contains forward-looking statements, which relate to future events or future performance and reflect management's current expectations and assumptions. Such forward-looking statements reflect management's current beliefs and are based on assumptions made by and information currently available to the Company. Readers are cautioned that these forward looking statements are neither promises nor guarantees, and are subject to risks and uncertainties that may cause future results to differ materially from those expected. All of the forward-looking statements made in this news release and the accompanying graphic links are qualified by these cautionary statements and those in our continuous disclosure filings available on SEDAR at www.sedar.com including our prospectus dated October 31, 2011. These forward-looking statements are made as of the date hereof and the Company does not assume any obligation to update or revise them to reflect new events or circumstances save as required under applicable securities legislation. This news release does not constitute an offer to sell securities and the Company is not soliciting an offer to buy securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction.