Silver Falcon Mining, Inc. (SFMI) Meets Objectives of 2008 Business Plan

NEW YORK, NY, Dec 04, 2008 (MARKET WIRE via COMTEX) -- Silver Falcon Mining, Inc. (PINKSHEETS: SFMI) looks back at its 2008 business plan agreed to by its Board of Directors in late 2007.

The SFMI Board of Directors approved a business plan which called for the following objectives to be met within the 2008 calendar year:

-- Build and start up, 100 tons per day precious metal processing mill
within a 50 miles radius of War Eagle Mountain.

-- Bring previously mined ore (tailings) as needed, from the mountain to
the plant, for a six month production of Gold and Silver.

-- Re-open one of the mine shafts on the property and prepare it for
further activity; in accordance with the Company's operating contract with
GoldCorp Holdings, Inc.

-- Mandate the officers of the company to file documents with the United
States Securities and Exchange Commission, in order to become fully
reporting and provide financial transparency.



SFMI's Management reports that it has fulfilled all aspects of its aforementioned 2008 business plan.

Having purchased and installed state of the art milling equipment, SFMI goes into operation by the end of this year, processing approximately one hundred tons of ore per day.

The Company transported ore, from atop War Eagle Mountain to its Melba, ID mill. The Company reports enough mill-feed tonnage available to last until mid-year 2009. Ore transport operations will resume, in the spring, providing additional mill-feed for 12 months of continuous production.

SFMI's mining engineers opened the "Belle Peck" adit, thus giving access to the "Poorman" complex of gold and silver veins. This secured access gives our personnel, the year round ability to conduct the geological and mining steps necessary to start underground operations in the spring of 2009.

The Company, in October 2008, acquired the "Sinker Tunnel," which is situated at a lower elevation on the mountain and allows us easy year round access. This tunnel structure allows engineers, miners and geologist further internal access to SFMI's underground minerals contained above and around the tunnel. Two more "Deep-Shaft" mines were included in this purchase, as well as, 4 mill sites.

At the beginning of the year, the property owned by GoldCorp Holdings, Co, covered approximately 172 acres. In 2008, it filed mineral claims at the Bureau of Land Management to an additional 1,400 acres on War Eagle Mountain, giving it almost complete mineral rights to the area. Under SFMI's long-term contract with GoldCorp Holdings, Co., SFMI's geologist/ mining engineers began a mapping operation of this total acreage which will result in a current picture of the underlying value of the numerous precious metal veins and determine the best access routes for future development.

Management retained the services of an independent auditor, who is going through an exhaustive financial audit of the company's affairs. A registration statement filing, under the USSEC 1933 Act, will be submitted with the exchange commission upon the audit's completion.

Mr. Pierre Quilliam, President of Silver Falcon Mining, Inc., said "We had an ambitious plan and carried it out successfully thanks to the selfless dedication of our employees and contractors. We hired competency in the various disciplines needed to carry out our successful mining program, now and in future years. This past performance should make it easier to get Board of Directors approval for the 2009 operations plan. "

About SFMI:

Silver Falcon Mining, Inc., is an exploration and development Company specializing in high-grade Gold and Silver mining properties in North America. Its primary operations at War Eagle Mountain, Owyhee County, ID is a Gold and Silver rich property, where it has the developmental and operating rights to (14) deep-shaft mines covering the Mountains' primary epithermal ore producing veins.
Further Information contact Rich Kaiser, Investor Relations, YES INTERNATIONAL 800-631-8127; www.silverfalconmining.com.

Silver Falcon Mining cautions that 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:

YES INTERNATIONAL

800-631-8127

SOURCE: Silver Falcon Mining
Copyright 2008 Market Wire, All rights reserved.

Jim Rogers Prefers Silver over Gold This Year

With large funds, central banks and the IMF looking to sell gold to raise cash, along with the way silver has plunged, Jim Rogers says he thinks if he was forced to choose between the two, silver will probably outperform gold this year.

“Silver will do better than gold,” Rogers, chairman of Singapore-based Rogers Holdings, said on Monday in an interview. “It’s been beaten down horribly. If you put a gun to my head and said you have to buy one, I would buy silver rather than gold.”

Assuming member countries of the IMF will vote to sell the 403.3 metric tons of gold they agreed upon in May, that could definitely drive the price of gold down even further, which would be a good time to get back into it.

Even though Rogers thinks silver will be better than gold, he added he will get back into gold if downward pressure on price continues.

What Happens if Silver and Gold Price Ratio Returns to Historic Pattern?

It's an understatement to say gold and silver have been struggling lately, as the two metals continue to plunge, along with the worldwide economies.

What is fascinating about silver in particular, is the current ratio that is completely out of sync with its historic levels with gold.

The historical average ratio between the prices of gold and silver has been silver holding close to a 1/20 price of gold. At this time it is sitting at only a 1/75th price in relationship to gold's price.

What silver investors need to ask themselves is what happens if the price ratio between silver and gold reverts back to historic norms.

We can be sure some of that will come from the continual fall of the price of gold, but I don't think we can assume that in and of itself will bring back the ratio. I think we'll start to see the rise of silver prices again, and when that happens, there will be an abundance of opportunities to play the metal.

Once the forced liguidation of commodities unwinds itself, it's at that time we should look seriously at a surge in silver prices, which should drive up the prices of good silver mining companies ... and others as well.

The bottom line is we need to keep a close eye on the ratio of prices between silver and gold. They are far too out of sync at this time to remain there. When it changes, we need a plan in place to swoop in and profit from it.

Silver in Largest One-day Increase Since 1979

With equities taking a beating, and investors concerned about the safety of banks and financial institutions, they are abandoning stocks, and in some cases even money-market funds, for commodities.

Silver rose by $1.158 for December delivery today, the largest one-day increase since December 31, 1979. It reached $11.675 an ounce. Spot silver grew by 15 percent to end at $12.

To add to the jitters of the equity market, the oldest money-market fund in the U.S. - Reserve Primary Fund - has exposed investors to potential losses for the first time in 14 years. Much of that was the result of having to write off losses of $785 million in debt they had issued to Lehman.

The three-month rate for U.S. Treasury bills also dropped to the lowest level in 54 years, plunging as low as 0.0304 percent. That's the worst since 1954.

Aquiline Announces XPS Metallurgical Results Confirming High Silver Recoveries at Navidad's Loma De La Plata Zone

TORONTO, ONTARIO, Aug 21, 2008 (MARKET WIRE via COMTEX) -- Aquiline Resources Inc. ("Aquiline" or "the Company") today announced the results of the metallurgical program performed on the Loma de La Plata zone of the Navidad silver project by Xstrata Process Support ("XPS") of Sudbury, Ontario. This program commenced in the first quarter of 2008, and was performed to corroborate and expand upon the metallurgical program results obtained by G & T Metallurgical Services Ltd. ("G & T") which was announced in the second quarter of 2008. Results obtained by XPS support those of G & T in demonstrating that a low mass, high grade silver concentrate can be produced. Rougher concentrates containing up to 39 kilograms of silver per tonne at 85% - 95% recoveries were achieved using simple crushing, grinding and flotation circuits. The final report will be filed on SEDAR and posted to the Company website at www.aquiline.com.

Methodology

Individual samples from 19 diamond drill holes weighing approximately 1,070 kilograms were selected by XPS to develop six variability composites and two main composites on two geometallurgical units defined as the Sulphide and the Oxide zone. Most of the known ore at Loma de La Plata is characterized as low sulphide ore contained in the Sulphide zone, hosted by latites, although the southwest portion of the zone (Oxide zone) is exposed on surface and shows signs of oxidation. The six variability composites were tested to determine open circuit rougher concentrate recoveries and mineralogical characterization, while the two main composites (one Oxide and one Sulphide) were tested for bond work index determination, Falcon Concentrator work, cyanidation testing, reagent exploration and exploratory cleaner tests. No locked cycle tests were performed in this program. This assessment would be considered as Scoping Level.

Results

The head grades of the six variability composites and two main composites are contained in the report filed on the website at www.aquiline.com. A table summarizing these results accompanies this press release.

The following results have been achieved:

- Overall rougher flotation test silver recoveries ranged from 85% - 95%, which is higher than the range of recoveries obtained in the G & T testing, which ranged from 80% - 85%.

- The silver content in the 1st rougher concentrates varied from 2.4 to 39.3 kilograms of silver per tonne of concentrate. Exploratory cleaner tests at XPS achieved concentrate grades consistent with G&T results, (approximately 50 kg/t) albeit at lower overall recoveries. More extensive cleaner testwork at XPS will commence shortly.

- Generally, oxide samples demonstrated lower silver recoveries than the sulphide samples, but higher silver concentrate grades.

- Combined copper and lead values in the rougher concentrate were typically between 10 - 20%, which is similar to the range obtained by G & T.

- Mineralogical analysis indicates that acanthite is the main silver carrier in both the Sulphide and Oxide zones, with stromeyerite being less common, but contributing up to 15% of the total silver deportment.

- Arsenic and antimony levels are most commonly associated with silver bearing tetrahedrite or tennantite, but remain below levels that would typically attract smelter penalties.

- No assays were performed for cadmium, which the G & T results found to be present in the single composite tested for cadmium. However, cadmium was reported as less than 200 g/t in the concentrate, which is considered to be below levels likely to present any concern to smelters.

- Cyanide leaching tests demonstrated silver recoveries ranging from 77.2% to 98.5%, with results strongly correlated to particle size and cyanide concentration in solution.

- A standard Bond Ball Mill work index of 18.2 kWh/ tonne for the Sulphide main composite and 18.9 kWh/tonne for the Oxide main composite was achieved, which XPS interprets as relatively hard.

Damian Spring, Chief Mining Engineer for Navidad, commented "The metallurgy results from XPS are positive, and confirm the high recoveries obtained by G & T in their testing. We are on track to release our scoping study on Loma de La Plata in September, which will give stakeholders a benchmark for the economics that can be obtained by developing Navidad in a phased approach."

The Loma de La Plata zone is estimated to contain 9.1 million tonnes (indicated) at average grades of 226 g/t Ag, or 66 million contained ounces Ag plus 17.3 million tonnes (inferred) at average grades of 159 g./t Ag, or 89 million contained ounces Ag (Snowden Mining Industry Consultants, December, 2007). The average depth of the mineralization has been within 200 metres of surface over a surface area approaching 39 hectares, which is still being expanded with further drilling. The Company is focusing on the development of a simple but pragmatic process flow sheet as a precursor to a Feasibility Study, depending on financing and permitting conditions.

Next Phase Metallurgy Testing

The next stage of test work will include additional bench scale testwork on new Loma de La Plata samples, as well as on samples collected from zones adjacent to Loma, which appear to have similar characteristics. Samples for a pilot plant program are also being collected in a new drilling campaign at Loma de La Plata anticipated to commence in the fourth quarter of 2008.

Under the guidelines of the 43-101 National Instrument, the Qualified Person for the above testing at Xstrata Process Support is Dominic Fragomeni, P.Eng, Engineering Principal. The Qualified Person for the metallurgical program underway at the Navidad Project is Mr. John Wells, Consulting Metallurgist, JAWMETC. Mr Wells has reviewed the technical content of this release.

ABOUT AQUILINE

Aquiline Resources Inc. is an exploration and development company advancing one of the world's largest undeveloped silver deposits (Navidad), as well as a gold/silver deposit (Calcatreu), both in Argentina, and a gold deposit in Peru (Pico Machay).

FORWARD-LOOKING STATEMENTS

This press release includes certain "forward-looking statements". All statements, expressed or implied, regarding future development of the Navidad property, are forward-looking statements that involve various risks and uncertainties, as disclosed under the heading "Risk Factors" and elsewhere in Aquiline documents filed from time to time with applicable regulatory authorities. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements.
To view Table 19: Sulphide and oxide Flotation Tests Summary results, please visit the following link: http://file.marketwire.com/release/AQI821-TABLE.pdf

Contacts:
Aquiline Resources Inc.
Flora Wood
Vice President, Investor Relations
(416) 599-4133
Email: flora@aquiline.com

Aquiline Resources Inc.
Martin J. Walter
Executive Vice President
(416) 599-4133
Email: marty@aquiline.com
Website: www.aquiline.com

SOURCE: Aquiline Resources Inc.
mailto:flora@aquiline.com
mailto:marty@aquiline.com
http://www.aquiline.com

Copyright 2008 Market Wire, All rights reserved.