Brief Review/Overview of Silver Falcon Mining Inc. to date SFMI

Website: www.silverfalconmining.com.

Contact: Investor Relations: Yes International; Mr. Rich Kaiser: 800-306-6090

- 48 million shares outstanding (32 million of them are restricted from trading for two years)….float approx. 16 million…..$1 million cash on hand…production of gold/silver commencing within a month….infrastructure and processing mill in place.

Note: this stock is on the Pink Sheets in the U.S. awaiting listing on OTCBB soon (see below).

Property: War Eagle Mountain, Silver City Mining District, southern Idaho

- historic production of underground, high grade gold/silver…adjacent to Kinross open pit property which produced $1.8 billion gold/silver.

- War Eagle is the eastern most and highest ore grade of the three gold peaks in the Qwyhee Gold Trend. …includes the most prolific and famous silver producing mine in the western U.S.

- Idaho Bureau of Mines Report (126 pages) on War Eagle Mountain reports all ore produced to date has averaged 2.52 oz./ton. Several large pockets of very rich ore, “hot spots”, are scattered throughout the mountain with grades of up to 25 oz. gold/ton. Estimates of reserves range from 500,000 to 3 million oz gold confirmed by recent surveys …and with silver values added these reserves could reach 5 to 8 million ounces of gold equivalent. (NB: rare precious metals just discovered in latest assay samples ie; Rhodium in mineable concentrations is $9200/ounce).

- High grade veins are open at length and to depth in some areas.

- Initial production commencing June/July 2008 with tailings processing; to reach 70 to 100 tons/day this summer... Annual yield at full capacity estim. $330 million at $1000 gold…estim. mines life 15 to 20 years.

- Mill production in Melba, Idaho @ 70 ton/day end June 08, with 100 ton/day anticipated shortly.

- No need for leaching/processing permit as a water gravity system has been approved by the City of Melba.

- Over 36 tailings stockpiles include muck production ore left in the Illinois shaft from 1909.

- See metallurgical Summary done by Met-Solve Labs of Burnaby, B.C., of March 13th, 08. (website).

Genesis

- almost two years of planning/negotiations to set up co. with Chinese Fund

which took property over circa 2000 by assuming defaulted Kinross loan on the

property.

- Public shell purchased and shares reverse split 200 to one…late 2007.

- Goldcorp Holdings Co. owns the property on War Eagle Mountain, Silver City

Mining District in southern Idaho. (see website).

- apparently, the new owners of the property were not then aware of the potential

value of the property. (rumor has it that Kinross is now curious amongst others). Mine site tour in July.

- Insiders/investors of SFMI paid $16.8 million to Goldcorp Holdings for mining

rights (see NRs below). Goldcorp Holdings receives 15% of net resources: SFMI 85%.

- Insiders received 32 million shares @approx. 60 cents/share (restricted for two

years) of the 48 million outstanding shares of SFMI…so float is 16 million.

- Insiders include Chinese Fund, Pierre Quilliam (Pres.)

- cash on hand June,08 over $1 million.

- Mill paid for and Deep Rock Engineering paid in cash.

- First Dore bar poured gold/silver, April 4/08 was 25 Kg.

Misc. Notes

- No further stock dilution expected due to high cash flow commencing soon (TBA)…but expecting high grades from tailings stockpiles…

- Cash cost per ounce estim. @ $19/ton with 80% recovery.

- Multiple assays are pending from B.C. Lab with added rare precious metals.

- First Dore bar poured

- expected OTCBB registration by August 08 …process commenced Feb. 14, 08….Co. will then evaluate re listing on TSX:V and/or TSX.

- Deep Rock Engineering in place and new employees to be announced and geology team to be in place for proceeding next year with extraction of ore from existing mine shafts and proceeding with drilling and exploration of promising new claim areas.

- Extensive new claims that have never been drilled that have great potential.

- High cash flow from high grade tailings ore, which will last for one year minimum, will allow for ramp up of workings on the Great Western and Illinois Central Shafts.

- Multiple tractor-trailers are hauling tailings off the mountain now and will be increased with completed road upgrades and additional permits granted.

- Co. is awaiting further correspondence with the State of Idaho on all historic and current data re the Idaho Bureau of Mines Report (126 pages) which allows for estimations of a $9 billion resource still on mountain.

- Shareholders meeting/tour will be held in Melba Idaho in August….TBA.

Rumors

- Assay grades gold/silver in tailings will surprise to the upside.

- Solid concentrations of Rhodium (most precious alloy @ over $9200/oz.) found.

- NR of June 17th: pending assays include presence of rare metals “possibly present in quantities”.

- $70 to $100 million/year estim. from mine tailings and muck ore

News Releases

11/07: Production sharing agreement between Gold Corp Holdings and SFMI. 15% royalty to Goldcorp Holdings.

11/02/07: SFMI releases an independent analysis conducted on War Eagle Mountain by geologist, Barret Coop…highest value/ton than any other mining operation in the famous Silver City Mining District. Veins have not been fully exploited to either length or depth. SFMI looking forward to a full scale mining operation.

11/08/07: completion and successful operation of mini-mill for crushing/extracting gold/silver from ore, and metallurgical processing lab for War Eagle Muntain.

11/13/07: major capital project completed as roads to top of War Eagle have been upgraded for traffic of heavy ore trucks.

11/16/07: active search for new management team comprised of experienced mining production expertise.

11/20/07: SFMI hires Deep Rock Engineering Inc. to provide preliminary data for structural and processing design, equipment requirements, and resource development strategies for War Eagle Mountain.

11/20/07: SFMI indicates gold reserves remain at its Illinois Central mine shaft via independent analysis from Pamicon Developments…at least one year’s reserves are in place with ore indications of 11,205 tons @ 103 gm. Gold (3.6 oz.).

11/30/07: portion of residual tailings known as “The Poorman Tailings” shows significant recoverable values as per Pamicon Developments. Ore from the 1880s that did not meet requirements of 2 oz/ton was stockpiled. Probable recoverable gold and silver could exceed 19,200 oz. gold and 221, 440 oz. silver ( over $18 million at $850 gold). These tailings represent a minor portion of overall picture but also a short term cash flow source.

12/4/07: SFMI sampling on unmapped underground workings, or adits ( tunnels that access mineral deposits) by Pamicon Dev. reveals surprising results. Keystone adit: 63 gm or 2.2 oz. gold/ton and 39 oz. silver/ton. Illinois Central adit: 16.9 0z/ton gold and 112 oz. silver/ton. Indicates War Eagle Mountain’s mineralization is pervasive.

12/06/07: 49 hole, near-surface, independent drilling results by NERCO Inc. show vast zone of mineralization….70 ft. to 700 ft. in depth. Hole W14: 445 vertical ft. @ .18 oz to .85 oz /ton.

1/07/08: Deep Rock Inc. starts construction of equipment facilities and offices for the War Eagle project in Boise, Idaho; begins initial test runs on on site production equip., and produces first batch of crushed material for lab analysis.

01/16/08: Illinois Central and Great western # 1mines reviewed in preparation for 2008 mining decision and potential production…just two of several shafts and adits being considered.

02/20/08: SFMI engages RMS Ross Corp. for Mill Site Construction needed for pilot milling and recovery circuit.

02/11/08: SFMI reports millable grades from assays of the least valuable of all the tailing stocks, the Poorman Tailings @ 3.3 gm/ton gold and 94.5 gm/ton silver…. by Met-Solve Labs of Vancouver.

02/14/08: SFMI moves forward for registration on to the OTCBB as data for is prepared for filing and subsequent approval of the United States Security and Exchange Commission. The full registration statement will give all investors and those interested a fully transparent view of company operations.

02/20/08: Deep Rock Engineering begins receiving major equipment items and ore processing facility is under construction in Melba, Idaho.

03/20/08: SFMI engages Ross Corp. for Mill Site construction.

04/02/08: SFMI produces first Dore-Bar (final saleable product of silver/gold) from ore in test of constructed smelting lab facility in Melba, Idaho. Receives operating license from Idaho Mine Safety and Health Administration

04/21/08: SFMI receives additional 7 claims for War Eagle Mountain mining rights following a detailed exploration report of this new, unexplored area revealing exposed rock structures similar to the early “bonanza-type” discoveries throughout the mountain. This now makes a total of 15 lease claims and 14 mine shafts for 15 years.

05/05/08: SFMI granted additional 1700 acres mining rights for report – indicated “hot zones” in addition to April 21st claims.

05/21/08: Idaho historical geology report on SFMI’s War Eagle claims; road permits granted.

05/28/08: SFMI tailings samples and upward revaluation of quantity of ore present.

06/17/08: Roads being repaired; additional permits being granted for Fed. Roads; open all the way; fresh quantity of tailings being assayed in Canada …”TO INCLUDE RARE METALS POSSIBLY PRESENT IN QUANTITIES”.

See NRs at SFMI website: www.silverfalconmining.com