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For Immediate Release
Allert Issued - Watch FCYI.PK Trade Today!
Falcon
Energy, Inc.
SYMBOL: FCYI.PK
1 week ago $0.88
Last Price: $1.30
Market Plus Top Four Pick!
Vancouver, British Columbia, June
05, 2006 (Prime Zone) - As part of the commitment of Falcon
Energy, Inc., a Nevada Corporation, to keep investors informed
of its status and activities, the company is providing this investor update.
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.
VANCOUVER, British Columbia, May
17, 2006 (PRIME ZONE) -- Falcon Energy, Inc.
is pleased to announce that the granting of exploration licenses for five mining
properties in Mongolia has been finalized. 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.
Falcon Energy,
Inc. had recently sought the mineral rights to these significant properties
in the mineral rich region of Mongolia. 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.
The five licensed areas are:
8825E - The Duhum Hujirt License Area
8454X - Tsagaan Tolgoi Copper/Gold Project
9997X - The Huld License Area
9996X - The Har Tolgoi License Area
9668X - Hutagt License Area
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.
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