Silver Falcon Mining Inc., during 2009, has had its geology department conduct an ongoing investigation of the gold and silver mineralization of War Eagle Mountain. Through geologic reconnaissance and sampling, several locations around the mountain provided evidence favorable for locating mineable mineralized ore quantities. War Eagle Mountain benefits from an epithermal gold and silver mineralization. The mineralization is structurally controlled by fissures, shears, fractures and fracture intersections though faulting within the granite. The main types of ore include quartz veins, quartz vein stockworks, massive quartz, quartz comb structures, and quartz gangue. The ore bearing quartz veins cut the mountain at near vertical angles and seem to carry along for considerable distances with varying gold and silver assay results. The general alignment of mineralization is north to south along the east (Oro Fino) and west (Poor Man) faces on each side of War Eagle Mountain peak. A third zone of mineralization (Central) may crosscut the first two zones just south of the peak of War Eagle Mountain at approximately fifty degrees NW to SE. The valuable occurrences of these veins exist in series along several other veins.

Silver Falcon Mining, Inc. has elected a new director in the person of Mr. Christian Quilliam who has been in business in the information technology field for the last ten years. Mr. Quilliam brings a wealth of information and technological expertise which will benefit SFMI in the future.

Silver Falcon Mining Inc. filed its 10-12G on August 17, 2009 for the period ending December 31, 2008. In this report its auditor, W.T. Uniack & Co. CPA's P.C., gave an unqualified opinion expressing doubt that the company can continue as a going concern.