Even more tailings than thought previously. Also explains the delay in starting the mill (evidently code problems due to the changes made to increase capacity). Hoping to start production in April, with revenue in June. And they are still committed to using 15% for stock buybacks.The stock buyback is great news, I just hope they can do it at reasonable prices.

The amount of tailings (300,000 tons) and average grades of the tailings that have been tested (5.1 g/t Au, 72.7 g/t AG) yields a rough total in the tailings of 50,000 oz Au and 700,000 oz Ag. Using $900 and $13/oz, that totals $45M and $9.1M. Not bad for stuff that's just laying around.

Silver Falcon Mining, Inc. (SFMI) Reports Total Tonnage Restated; Updates Mill Construction

• Wednesday March 25, 2009, 9:15 am EDT

MELBA, ID--(MARKET WIRE)--Mar 25, 2009 -- Silver Falcon Mining, Inc. (Other OTC:SFMI.PK - News) today corrects the tonnage over the amount of tailings, on War Eagle Mountain, available to be processed at the Company's mill in Melba, Idaho.

The Company previously stated reserves of 202,000 tons of tailings on the mountain, waiting to be taken to SFMI's mill in Melba. After discussions with the transport contractor, it appears that the quantities measured on the tailings piles were quoted and understood to be in tons, when they were in effect quoted in cubic yards. This results in an approximate 50% increase in real tons (2200lbs./ton), making the reserves approximately 303,000 tons. Based on SFMI previously reported assays on tailings, dated July 16, 2008, the Company had an average grade of 5.1 grams/ton Au and 72.7grams/ton Ag.

Due to unforeseen building code issues and permitting issues, the opening of SFMI's mill has been delayed as construction deficiencies and changes are handled. The Company now plans the opening of the Melba mill in late April with projections of revenue in June of this year. Management remains committed that once revenue begins, a 15% NSR (Net Smelter Return) will be utilized for the previously announced stock buy-back program, January 5, 2009.

Mr. Pierre Quilliam, President, states, "We apologize for the previous erroneous tonnage report and the unforeseeable construction delay of the Melba mill. We believe we are on track for mill commencement in April. And this recent increase in tailing tonnage exceeds our initial assessment; we are happy knowing this tonnage increased upwardly in value. SFMI remains committed to shareholder value and integrity over its corporate administrative functions, mining plan and milling operations."

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

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

Silver Falcon Mining, Inc. cautions that the statements made in this press release constitute forward-looking statements, and 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
     Investor Relations
     800-631-8127