I don't think that's allowed.
"III. Storing and Using Data You Receive From Us
...
7. You must not use user data you receive from us or collect through running an ad, including information you derive from your targeting criteria, for any purpose off of Facebook, without user consent." [1]
I suspect that means you need consent from every user whose information you collected (your own list of contacts is made up of other peoples' basic information).
[1] http://developers.facebook.com/policy/#policies