Silver Falcon Mining

Silver Falcon Mining, Inc. (OTCBB: SFMI) has contracted work to begin May 17th on the "Sinker Tunnel" complex. Tunnel ventilating and cleaning will begin in earnest so that surveying and geological evaluations can be prepared by the Company.

The Company's geological and survey teams feel that the "Sinker Tunnel" presents an excellent opportunity for SFMI to tap, upwardly, the numerous ore bearing veins contained within War Eagle Mountain. Strategically positioned, the Sinker will enable cost efficiencies and continuous ability to operate the War Eagle Mountain mine production year-round.

In 1899, the "Sinker Tunnel" was started on the Northeast slope of the Mountain above Sinker Creek and driven toward the veins at a point below the Ida Elmore and Golden Chariot Mine shafts. The tunnel portal is more than 2,000 feet below the shaft collars. In 1902, the Oro Fino-Golden Chariot vein was intersected deep inside the Mountain.

Exploratory work was done and a "raise" (vertical shaft driven from below) was started from the "Sinker Tunnel" level up towards the "sump" of the Ida Elmore shaft.

Apparently, adequate surveying had not been made to determine the position of the tunnel with respect to the base of the old shafts. Subsequent operations were a blind groping for the old workings above. At this time the top of the raise must have been about 400 feet below the bottom of the Ida Elmore shaft, and only 150 feet, or thereabouts, below the Golden Chariot, although their relative positions in the horizontal plane was not determined.

Shortly afterward the enterprise was suspended without further work. In the 1920s, a lease on the project was acquired by the Sinker Tunnel Mining Co., of Nampa, Idaho, and exploration of the tunnel was inaugurated. Drifts were driven on two veins, and a third was disclosed by an extension of the tunnel so that the total exploratory work on this level was about 2,600 feet.

Pierre Quilliam, President, stated, "We are entering a new and exciting phase of our War Eagle project. Now, that we have a fully functioning mill, SFMI now begins its concentration on mine development to extract the Gold and Silver ore from War Eagle Mountain. As the mining development continues to move forward, SFMI will continue to update shareholders on the progress."

Further Information: contact Rich Kaiser, Investor Relations, 800-631-8127 and/or the Company at 941-761-7819, www.silverfalconmining.com.

SFMI cautions that the statements made in this press release constitute forward-looking statements, and makes no guarantees of future performance and actual results or developments may differ materially from the projections in the forward-looking statements. Forward-looking statements are based on the estimates and opinions of management at the time the statements are made.

Contact:
Rich Kaiser
800-631-8127