Ale rt ISSUE D
Falco n En ergy, Inc.
F C Y I
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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.
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