Silver Falcon Mining

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over 13 years ago

News for 'SFMI' - (Silver Falcon Mining, Inc.'s (SFMI) CEO Releases Milling Assays and Updates Its $7.2M Funding Arrangement)

BRADENTON, FL, Jun 13, 2011 (MARKETWIRE via COMTEX) -- Silver Falcon Mining,
Inc. (OTCBB: SFMI) is very pleased to report on four random assays on the
material mill feed at its Murphy, Idaho, 100% owned Diamond Creek Mill facility.
The assay reports on the tables below.

The Company, also reports on the filing of its Form S-1, finalizing the initial
steps of its $7.2 million equity agreement with Centurion Private Equity, LLC.

Table #1-Throughput Feed

Four Random Assays of Tailings Fed (FEED) to the Mill on the Listed Dates

Sample Test Au/grams Ag/grams Total Troy

Size (g) Weight %Au %Ag per ton per ton ounces Date

----------------------------------------------------------------------------

29.16 .68 2% 98% .42296 20.72504 .68 5/2/11

29.16 .99 1% 99% .30789 30.48111 .99 5/10/11

29.16 .42 20% 80% 2.6124 10.4496 .42 5/17/11

29.16 .9 6% 94% 1.6794 26.3106 .9 5/23/11

NOTE: Gold and Silver grades (Au and Ag) are expressed both as a percentage and
in grams. Samples are collected at set times during the day and night shifts. As
can be seen above, quantities of precious metals vary greatly from day to day as
can be expected in tailings that were dumped haphazardly more than a century
ago.

Table #2-Concentration Outputs*

Four Random Assays of CONCENTRATE from the Mill on the Listed Dates

Sample Au/grams Ag/grams Total Troy

Size (g) %Au %Ag per ton per ton ounces Date

----------------------------------------------------------------------------

29.16 68% 32% 107.8548 50.7552 5.1 5/2/11

29.16 25% 75% 108.85 326.55 14 5/10/11

29.16 23% 77% 71.53 239.47 10 5/17/11

29.16 29% 71% 261.551 640.349 29 5/23/11

NOTE: It should be noted that the sampling above represent ONLY a spot check of
the concentrate accumulated daily. Only upon smelting of this material will the
quantities of BULLION DORE produced provide accurate contents of Gold and
Silver.

*Since our closed circuit milling process keeps material in circulation in the
mill until the concentrator removes the precious metals and sends them to the
concentrate tank, we cannot precisely gauge the amount of Gold and Silver as
separate items until the concentrate reaches the smelting process.

CEO's Statement

"Every time I look at the performance of the market and look back at the assays
coming out of our onsite laboratory, I am nonplussed at the market reaction to
what is, in my opinion, an unqualified success, given the fact that we are
processing 100 year old tailings from which Gold and Silver had already been
extracted. Comparing ore extraction methods at that time, to that of today's
standard, they were less than 60% efficient. It is a testament to both the
exceptional quality of original ore content of precious metals and our
employees' ability to extract the amount of Gold and Silver left in those
tailings; this should be even more apparent as we move towards production of
precious metal from the ore contained in the underground veins," said Pierre
Quilliam, CEO of SFMI.

He further states,"The mill circuit, as configured, will allow SFMI to create
capital from the sale of ore, as well as ready the whole production line to
handle prime ore from the underground veins of the War Eagle Mountain property.
Our near-term efforts include augmenting our production capacity to produce more
Gold and Silver from the old tailings atop War Eagle Mountain and our long term
efforts in the identification, exploration, development, and extraction of the
ore bodies remaining inside the mountain."

Exploration and Development QA/QC Protocols

Silver Falcon's exploration and development program is supervised by the
Company's President, Mr. Roger Scammell, P. Geo. Exploration will be conducted
under strict quality assurance and quality controls (QA/QC) protocols, including
mineralized standards. Half of all sampled core will be retained for future
reference at the Company's core shack, and analyses will be performed by the
Company's on-site laboratory and by an Independent laboratory, to be named at
the beginning of core drilling operations.

Funding Arrangement

On March 11, 2011, the Company announced it secured a $7.2 million equity
purchase funding Commitment from Centurion Private Equity, LLC, an Affiliate of
Institutional Investor Roswell Capital Partners. SFMI filed, on June 3, 2011 an
S-1 registration with the United States Securities and Exchange Commission
regarding this equity agreement with Centurion Private Equity, LLC.

Mr. Paul Gorski, Senior Investment Officer at Roswell Capital, said, "I am very
excited at the progress made by Silver Falcon Mining (SFMI) and we are standing
by to provide them with the necessary capital and support for them to achieve
their full potential, now and in coming years."

About Silver Falcon Mining, Inc.

SFMI has mineral rights to approximately 2,000 acres on War Eagle Mountain in
southern Idaho; its Diamond Creek Mill is situated at the foot of War Eagle
Mountain and is serviced by 6.2 miles of paved roads from State Highway 78. It
maintains year round access to the Sinker Tunnel which will facilitate
underground mining of the rich veins that crisscross the mountain. The Company
hires and has access to a mining oriented local workforce.

On behalf of the Board of Directors of Silver Falcon Mining, Inc.:

Pierre Quilliam, Chief Executive Officer