News for 'SFMI' - (Silver Falcon Mining, Inc. (SFMI) Starts Drill Program)

BRADENTON, FL, Jul 17, 2012 (MARKETWIRE via COMTEX) -- Silver Falcon Mining,

Inc. (OTCBB: SFMI) ($SFMI) announces that the "Sinker Tunnel Drill Program" is

underway. Financing, sufficient to allow for the reopening of th! e Sinker Tunnel

and the beginning of an underground drilling program, has been received and

further contributions have been pledged for the support of this planned 14 month

drilling program. Contracts for the work inside and outside the Sinker Tunnel

will be awarded in the shortest possible time frame. Details on funding terms

will be available in forthcoming US SEC filings.

On the outside, marshalling of the equipment and securing of the area necessary

to support the underground work will be underway during the summer. Prospective

employees are being interviewed and selected candidates will undergo MSHA

certification for underground work. As for surface drilling, SFMI will attempt

to coordinate some drilling this year, but due to the lateness in the season and

the previous commitments of drilling companies, SFMI may not be able to do

surface drilling atop War Eagle Mountain before the spring of 2013.

On the inside, SFMI will st! art its exploration phase by completing the

shoring-up of the remaining portion of the Sinker Tunnel, as well as the

excavation and blasting of spaces large enough for the drilling to proceed

(drill rooms).

Drill data should define the location and amount of proven and probable

resources and reserves within Silver Falcon Mining's Sinker Tunnel and other key

targets throughout the War Eagle Mountain properties.

Both the Company's geologists and the independent geologists will correlate

drill data, and then proceed with writing this portion of the Company's NI

43-101 report based on these observations and studies from the drill cores. Once

this drilling data is updated into the Company's 43-101, the report will be

transmitted onto SEDAR for Canadian regulators and other professional

evaluations. Upon transmitting this report, the Company then could proceed with

its application for a Toronto Stock Exchange listing.

Smelter a! nd Refinery Update

Final specifications and drawings for the Diamond Creek Metallurgical Lab are in

the hands of architectural draftsmen and will be submitted to the Owyhee County

Building Inspector's office for approval and conversion of the building permit

to SFMI's corporate name. SFMI's permanent staff will carry out the necessary

work to finish this essential part of this production line.

Mill Update

An expansion of the mill building is almost completed and the addition of

equipment for a flotation line. This will allow for a total extraction of all

precious metal on the total 30,000 plus tons of tailings stored on our Murphy

property and will produce approximately 3,000 tons of high grade concentrate

ready for processing through this proposed leaching line.

The Company's fall shareholder meeting will be held at the Company's Diamond

Creek Mill facility and all present will be able to see the on-going progress at

SFMI. The date and time for this shareholders meeting will be forthcoming in a

subsequent release.

Mr. Pierre Quilliam, CEO Silver Falcon Mining, Inc., "After months of planning,

budgeting and consulting, SFMI will begin drilling. This is an exciting time in

the history of corporate operations. Now, SFMI can move forward with a

comprehensive drill program. The geological team will be able to evaluate this

data which can provide a detailed resource / reserve calculations of ore, which

I and the rest of the SFMI team believe could either meet or exceed the

historical data on file."