News Releases

11/0107: Production sharing agreement between Gold Corp Holdings and SFMI. 15%

royalty to Goldcorp Holdings.

11/02/07: SFMI releases an independent analysis conducted on War Eagle Mountain by

geologist, Barret Coop…highest value/ton than any other mining operation in

the famous Silver City Mining District. Veins have not been fully exploited to either

length or depth. SFMI expects to develop a full scale mining operation at War Eagle.

11/08/07: completion and successful operation of mini-mill for crushing/extracting gold/silver from

ore, and metallurgical processing lab for War Eagle Mountain.

11/13/07: major capital project completed as roads to top of War Eagle have been upgraded for

traffic of heavy ore trucks.

11/16/07: active search for new management team comprised of experienced mining production

expertise.

11/20/07: SFMI hires Deep Rock Engineering Inc. to provide preliminary data for structural and

processing design, equipment requirements, and resource development strategies for

War Eagle Mountain.

11/20/07: SFMI indicates gold reserves remain at its Illinois Central mine shaft via independent

analysis from Pamicon Developments…at least one year’s reserves are in place with

ore indications of 11,205 tons @ 103 gm. Gold (3.6 oz.).

11/30/07: portion of residual tailings known as “The Poorman Tailings” shows significant

recoverable values as per Pamicon Developments. Ore from the 1880s that did

not meet requirements of 2 oz/ton was stockpiled. Probable recoverable gold and

silver could exceed 19,200 oz. gold and 221,440 oz. silver (over $18 million at $850

gold). These tailings represent a minor portion of overall picture but also a short term

cash flow source.

12/4/07: SFMI sampling on unmapped underground workings, or adits (tunnels that access

mineral deposits) by Pamicon Dev. reveals surprising results. Keystone adit: 63 gm

or 2.2 oz gold/ton and 39 oz. silver/ton. Illinois Central adit: 16.9 0z/ton gold

and 112 oz. silver/ton….indicates War Eagle Mountain’s mineralization is

pervasive.

12/06/07: 49 hole, near-surface, independent drilling results by NERCO Inc. show vast

Zone of mineralization….70 ft. to 700 ft. in depth. Hole W14: 445 vertical ft. @ .18

oz to .85 oz /ton. (5.5 gm to 26.3 gm).

1/07/08: Deep Rock Inc. starts construction of equipment facilities and offices for the War Eagle

project in Boise, Idaho; begins initial test runs on site production equip., and produces

first batch of crushed material for lab analysis.

01/16/08: Illinois Central and Great western # 1 mines reviewed in preparation for 2008

mining decision and potential production…just two of several shafts and adits being

considered.

1/07/08: Deep Rock Inc. starts construction of equipment facilities and offices for the War Eagle

project in Boise, Idaho; begins initial test runs on site production equip., and produces

first batch of crushed material for lab analysis.

02/11/08: SFMI reports millable grades from assays of the least valuable of all the tailing

stocks, the Poorman Tailings @ 3.3 gm/ton gold and 94.5 gm/ton silver…. By

Met-Solve Labs of Vancouver.

02/14/08: SFMI moves forward for registration on to the OTCBB as data for is prepared for filing

and subsequent approval of the United States Security and Exchange Commission. The

full registration statement will give all investors and those interested a fully transparent

view of company operations. (note: this process becomes much more complex and

time consuming than anticipated as it is worked out).

02/20/08: Deep Rock Engineering begins receiving major equipment items and ore processing

facility is under construction in Melba, Idaho.

03/20/08: SFMI engages Ross Corp. for Mill Site construction.

04/02/08: SFMI produces first Dore-Bar (final saleable product of silver/gold) from ore in test

of constructed smelting lab facility in Melba, Idaho. Receives operating license from

Idaho Mine Safety and Health Administration.

04/21/08: SFMI receives additional 7 claims for War Eagle Mountain mining rights following

a detailed exploration report of this new, unexplored area revealing exposed rock

structures similar to the early “bonanza-type” discoveries throughout the

mountain. This now makes a total of 15 lease claims and 14 mine shafts for 15 years.

05/05/08: SFMI granted additional 1700 acres mining rights for report - indicated “hot

zones” in addition to April 21st claims.

05/21/08: Idaho historical geology report on SFMI’s War Eagle claims; road permits

granted.

05/28/08: SFMI tailings samples and upward revaluation of quantity of ore present.

06/17/08: Roads being repaired; additional permits being granted for Fed. Roads; open all the

way; fresh quantity of tailings being assayed in Canada …”TO INCLUDE RARE

METALS POSSIBLY PRESENT IN QUANTITIES”.

06/25/08: SFMI discovers the “Belle Peck” adit (a horizontal tunnel driven in the side of the

mountain to allow access to the mineral deposit) lost over 100 years. This leads to the

“Poorman” mine on the 800 ft. level. Overburden will be cleared for access to the

adit opening. The Poorman mine known as the richest gold and silver mine in the

U.S.

7/7/08: Results of second assays on tailings confirms previous analysis results….from

Random surface samples (average values in depth could be higher): 6.9 g/ton

gold and 50.9 g/ton silver. More ore samples at lab awaiting assays.

9/7/08: SFMI enters consulting agreement with Macro Trend Consulting, LLC. …to assist

SFMI in the international investment community with respect to greater awareness and

shareholder value.

14/7/08: Loading and transport agreement for the transport of “Belle Peck” tailings to

Melba for stockpiling and processing. Will insure 24 months of continuous production

for the Melba Mill.

16/7/08: SFMI reports on tailing calculations tonnage to be moved from 13 tailing

piles….totaling 220,000 tons. Belle Peck and Belle Peck Landing alone total 70,000

tons.

23/7/08: New mineral zone discovered in and along a 30 ft. deep fissure on War Eagle

property….protruding from the ground, thought to be an offshoot of the Poorman

vein….or an independent branch of another main vein on the property. (War Eagle

Mountain is crossed with many fractures and zones of mineralization with many veins

and offshoots). Assay results to be released.

13/8/08: Information meeting on Sept. 27th, Nampa Idaho. Complete update with mill and

tailings tour.

22/8/08: SFMI earnings estimates on 3 of 14 tailings dumps on War Eagle Mountain. (this

NR gives an erroneously high cost of $340/oz.) See below release.

28/8/08: New office headquarters in New York City to establish presence within financial center;

develop business strategy and relate it to interested investors and financiers.

11/9/08: Earnings estimate correction. At a cost of $150/oz. (@ $880 gold and $12 silver)

… (there are no mining costs) SFMI has $49 million of proven reserves based on

average assays from 4 out of 16 tailings dumps now accessible on War Eagle

Mountain. An even larger amount is expected with the reprocessing of a recyclable

30% of the waste product.

16/9/08: “Belle Peck” rock face at the 800 ft. level of the Poorman mine reached via the

adit. An 8 to 10 ft. wide vein structure with multiple mineralized stringers (of the

Poorman main vein) with visible disseminated mineralization was observed. These

rediscovered veins were last seen and worked in the late 1880’s. Deeper exploration

into the adit will continue with progressive sampling of the vein structures until the main

Poorman vein is reached. NOTE: the Poorman mine produced over 21,000 tons of

Ore at 1.97 oz/ton (61 gm/ton) or $1600/ton gold equivalent (at $850 gold).

03/10/08: MOA to purchase assets of Minex;

10/10/08: necessary County and Federal permits to move ore finalized.

Preliminary acquisition of MINEX acquired including the 2 mile deep Sinker Tunnel mine complex and easily accessible shafts drilled above it. This will allow year-round access to the workings of all tunnels and shafts, plus the ability to mine BOTH the ORO FINO and the POORMAN veins from the rock faces. The opportunity exists to construct a substantial sized mill (hundreds of tons/hour) inside the mountain for year round internal ore feed. The snow situation at this lower altitude is manageable. Geologist, Paul Dockweiler is now under contract.

10/17/08: Entrance to Belle Peck adit/tunnel sheathed for protected access to veins for

future assays and reserve assessment. Belle Peck Tailings transport ongoing.

Melba mill being completed with adequate financial reserves for completion. 30/10/08:

First ore tonnage arrives at mill in Melba with truck fleet in place;

Stockpile will allow uninterrupted mill-feed throughout Winter.

Complete cost of ore processing estimated at $30 to $40/ton (see website).

The Belle Peck adit will allow for equipment to enter and for drainage from Poorman shaft and associated mine tunnels.

26/11/08: “Deister Table” and crushing equipment arrives at mill in Melba. Stockpile

sufficient for operation through winter. Underground exploration program commenced by geologist and mining engineers for geological and engineering reports to determine Spring mining operations.

04/12/08: 2008 Bus. Plan objectives met.

11/12/08: Belle Peck entrance completed and secured. Evaluation of properties and

assays of War Eagle Mountain’s major and subsidiary veins and shafts begun by both of SFMI’s geologists. Ore bodies appear to be rich in mineralization.

Update stream forthcoming.

05/01/09: 2009 Bus. Plan: Mill on double shifts; increase output with additional larger

ball mill and concentrator; increase tailings pile for 24 month production;

open additional shaft; construct another mill at Sinker Tunnel Entrance;

obtain permitting for underground mining in Sinker; 15% of net smelter returns

to buyback stock; core drilling program to evaluate reserves on mountain.

15/01/09: Mill start-up within a few weeks with 24 hour precious metal output;

2 former Kinross Gold employees being hired; official acquisition of Sinker Tunnel mine recorded. Exhaustive audit to be completed with legal processing of document registration filing with SEC.

27/01/09: Deep rock Engineering obligations completed. Experienced mill engineer hired to

calibrate and ramp up mill production to run 20 hrs/day. General manager of operations hired to supervise mill and mine production. Expect exciting announcements to come.

06/02/09: Reconfiguration of mill with addition of new equipment for maximum mill output,

plus

installation of a parallel wet-line circuit will quadruple planned silver and gold production from Melba mill. Underground mining developments advanced by at least two years.

26/02/09: SFMI announces near term “Form10” registration filing with USSEC for listing

On OTCBB. The listing has been upgraded for greater transparency and fuller

disclosure to shareholders…. by filing under the requirements of the “1934 Act” as

opposed to the less demanding requirements of the “1933 Act”. Audited financials will

be forwarded to SFMI’s law firm in early March for completion of the filing with the

SEC to become a fully reporting company with imminent mill output production.