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Al ert  Issu ed

Falco n  Energ y, Inc.
F C YI
Current 0.35
5 Day Expected 1.40
Mark et Plus Top four Pick

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Falcon Energy, Inc. Announces 100% Acquirement of Mongolian Mineral Exploration 
Licenses

Falcon Energy, Inc. (Pink Sheets:FCYI - 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.

Mongolia has a wide variety of mineral resources. As of 1998, about 88% of the 
country had been geologically mapped but only 20% of the country's landmass had 
been licensed for exploration and exploitation.

Falcon Energy's interest in the region is driven in part by the anticipation of 
deploying modern prospecting methods to an area that abounds in both base and 
precious metals. 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.