SOURCE: Silver Falcon Mining

October 10, 2008 09:15 ET

Silver Falcon Mining, Inc. (SFMI) Moves Forward; Permits, Acquisition, and Geologist

NEW YORK CITY, NY--(Marketwire - October 10, 2008) - Silver Falcon Mining, Inc. (PINKSHEETS: SFMI) moves forward on three fronts.

On October 6th, 2008, Owyhee County, Idaho gave SFMI the necessary permits to bring the ore down from the Mountain over its portion of the county roads. This permit complements the United States Department of the Interior, Bureau of Land Management's (BLM) federal permit, which is also in the Company's possession.

On October 9th, 2008, Silver Falcon Mining, Inc. completed acquisition of the assets of Mineral Exploration Company of Idaho (MINEX). Amongst the assets were the Sinker Tunnel complex on War Eagle Mountain, giving SFMI year round access to the Oro Fino and the Poorman precious metal veins on the mountain and enabling us to drill into our various shafts and adits impervious to the weather vagaries on the mountain. Other notable items were 2 shafts drilled above the sinker tunnel and accessible with little efforts from the tunnel.

As of today, Mr. Paul Dockweiler, C.E.M., is under contract to us. Mr. Dockweiler is a respected geologist and his addition to our personnel will give us a much needed boost to realize the full potential of this property as well as enable us to concentrate of future profitable acquisitions.

Pierre Quillam, CEO, SFMI, states, "Our board of directors feels very comfortable with these recent developments of this property, additional personnel and permits. Now that we have been issued these necessary permits, we can look forward to revenue in the near future."

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

About SFMI:

Silver Falcon Mining, Inc., is an exploration and development Company specializing in high-grade Gold and Silver mining properties in North America. www.silverfalconmining.com

Silver Falcon Mining, Inc. cautions that the statements made in this press release constitute forward-looking statements, and not 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 Information

  • Contact:
    Rich Kaiser
    800-631-8127