Silver Falcon Mining

SFMI.OTCBB

Silver Falcon Mining, Inc. (SFMI) Reports on its Diamond Creek Mill Production and War Eagle Mountain Mining Activities.

Bradenton, Florida- May 3, 2012-Since June 2011, Silver Falcon Mining, Inc.’s (SFMI.OTCBB) comprehensive daily assays on mill feed into the Diamond Creek Mill gravity circuit have proven precious metal values and production ratios. The Company’s management has positively identified the precious metal content from both its sources and its recoveries out from the mill circuit. Daily assays of the mill feed average 4.38 g/ton Gold and 16.44 g/ton Silver. As a result, the Company has, on site, approximately href="http://www.silverfalconmining.com/news/releases/030112/03_01_12.html">the recently announced addition, to the mill site, of the closed circuit leaching unit. Currently, and at such time when the leach system is operational, ore bearing concentrate is being converted into Bullion Dore Bars. The Company’s deliveries and sales of Bullion Dore continues as planned, and will keep increasing, both in size and value during the coming months. Revenues as such will be reported in the Company’s forthcoming US SEC filings.

The existing mill building has been extended by a total of 40 linear feet and upwards by an extra 10 feet to accommodate the new equipment brought online during this past winter, and to allow for the proposed installation of the flotation unit which will greatly increase the quality of the concentrate produced by the gravity circuit. This concentrate will be accumulated for processing in the future closed circuit leaching unit.

In 2010, as a result of a survey of portions of War Eagle Mountain, href="http://www.sec.gov/Archives/edgar/data/1464830/000109181812000154/sfmi0502201210ka.htm">SFMI inventories of claims. Thus, the “Unpatented” Placer Claims previously known as Great Western #1 through 4 and Cape Horn #1 are now known as Western Horn #7 through 14, which are Unpatented Lode Claims. The “Unpatented” Placer Claims previously known as GoldLand #25 and 26 are now known as Western Horn #3 through 6, which are “Unpatented” Lode Claims. The “Unpatented” Placer Claims previously known as GoldLand #13 through 15 are now known as Diamond Creek #5, 6 and 8, which are “Unpatented” Lode Claims. These new “Unpatented” Lode Claims were erroneously titled in SFMI's name, but have been transferred formally to GoldLand. As of now, SFMI and GHDC have an internal contract which ascertains the separation of claims between the two entities. The formal transfer of ownership rights on these particular claims will be registered with the href="http://www.silverfalconmining.com/news/releases/041112/04_11_12.html">add to the on-going success at SFMI.”

Silver Falcon Mining, Inc. (SFMI:OTCBB) is a producer, developer and explorer of mineral resources, primarily in Owyhee County, Idaho, USA, with the objective of being a profitable, low-cost, precious metal producer and creating significant growth in shareholder value.

Further Information contact: Rich Kaiser, Investor Relations, 757-306-6090, SFMI.OTCBB