Silver Falcon Mining, Inc. (SFMI) Announces Earnings Estimates

BRADENTON, FL–(EMWNews – August 22, 2008) – Silver Falcon Mining, Inc. (PINKSHEETS: SFMI)

today announces the projected earnings estimates from the milling of the

ore in only three (3) of its fourteen (14) tailings dumps, on its War Eagle

Project.

Based on precious metal contents of Gold price at $800 dollars/ounce and

Silver prices at $14 dollars/ounce, Silver Falcon Mining has $30.7 million

of proven gross reserves based on assay averages of these three (3) tailing

dumps accessible now on War Eagle Mountain. Ahead of production start-up

at its Melba, Idaho mill, contracts have been let out for transport to and

operation of the mill which represent a combined cost of $340 an ounce.

Mr. Pierre Quilliam, President of Silver Falcon Mining, Inc., said, “We are

very excited at the confirmation of our projections on both, precious metal

contents and milling costs. We will continue update progress on our

operations as they become available.”

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 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 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.