Silver Falcon Mining Updates Progress on the Belle Peck Completion and Ore Transport

NEW YORK, NY -- (Marketwire) -- 10/17/08 -- Silver Falcon Mining, Inc. (PINKSHEETS: SFMI)details progress on the War Eagle Project.

The entrance to the Belle Peck tunnel has now been protected by the installation of massive steel pipes which will allow easy vehicularentrance to the Belle Peck adit and permanent access to the Gold and Silver(Poorman) veins on the mountain. The adit will be explored in its entirety and assays of the accessible veins will be done under the direction of ourgeologist to allow a fair assessment of the reserves in this particular piece of our property.

In the meantime, the "Belle Peck" tailings pile is being attacked by ourtransport contractor who has marshaled enough loading and transportation equipment to ensure the current ferrying of a sufficient quantity of ore toour mill site. This allows the Company to operate the mill uninterrupted for the next twelve months.

The installation of our mill in Melba is progressing at a rapid pace withthe recent arrival of a few crucial pieces of equipment. The companiessupplying the remaining balance of equipment ordered, have guaranteed thatthese items are either under assembly and/or ready to ship from theirlocations.

We have at present, adequate financial reserves to allow us to complete, start up the mill, and carry on developments on the mountain until the spring. The Company believes milling operations will provide adequate cashflow to pursue other developments on War Eagle Mountain throughout 2009.

Mr. Pierre Quilliam, President of Silver Falcon Mining, Inc., said, "With the recent world financial development, it is very comforting to realizethat we are in the business of extracting the only means of commerce that has withstood the test of time and has always been accepted as a solidmeans of payment, namely GOLD."

Silver Falcon Mining, Inc. is an exploration and development Companyspecializing in high-grade Gold and Silver mining properties in NorthAmerica.

Further Information contact Rich Kaiser, Investor Relations 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 not guarantees of future performance and actual results or developments may differ materially fromthe 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 KaiserInvestor Relations 800-631-8127

The Company 941-761-7819

www.silverfalconmining.com