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Falcon Energy, Inc.
SYMBOL: FCYI.PK

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Recent News

VANCOUVER, British Columbia--(BUSINESS WIRE)--June 9, 2006--Falcon Energy, Inc. (Pinnk Sheeets:FCYI.PK - News) is pleased to announce that it has fully acquired the exploration licenses for five mining properties in the mineral rich region of Mongolia. Management felt that the opportunity presented by these properties was significant enough to forgo a planned participation by a second resource company. These licenses will be held for a minimum of three years and grant Falcon Energy Inc. access to the mineral rights for the licensed properties. Exploitable mineral resources found in the area in which the licenses are held include: Gold, base metals such as Copper, Molybdenum, Lead and Zinc as well as Fluorite and Uranium.

Gas production continues steadily from Falcon Energy's Richmount Westlock property in Alberta, Canada. This opportunity has proven itself out as the property and investment have benefited from the surge in natural gas prices since the well was first tied in May of 2005. The market price (NYMEX) for natural gas at that time was approximately $6.50 per MMBTU but in the last year prices stayed over 10.00 per MMBTU for a 5 month period with several spikes above the $14.00 range. The company is pleased that the investment continues to provide consistent revenue for the company and its shareholders.

Falcon Energy Inc. has also announced that due to the confirmed addition of its mining exploration properties in Mongolia, that it will shortly be expanding the executive team to assist in managing this new opportunity. Details will be forthcoming.



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