The pair - 17 and 18 respectively - have forced their ways into Steven Pressley's first team and signed three-and-a-half year deals to stay at Falkirk Stadium until 2016.
Pressley told the club's official website "I am absolutely delighted to have signed up two of our best prospects on long-term deals.
"It shows me an enthusiasm from the players to develop their careers at Falkirk and that they are happy here.
"This is the first stage in a deliberate strategy from us to tie up our young talent on longer deals and our fans should look out for more extensions in the coming months.
"It all bodes well for the future."