Falcon Oil & Gas Ltd.-Appointment of Chief ...

FOR:  FALCON OIL & GAS LTD.

TSX VENTURE SYMBOL:  FO
AIM SYMBOL:  FOG

June 19, 2014

Falcon Oil & Gas Ltd.-Appointment of Chief Financial Officer

DUBLIN, IRELAND--(Marketwired - June 19, 2014) - Falcon Oil & Gas Ltd. (TSX VENTURE:FO)(AIM:FOG)(ESM:FAC) ("Falcon" or 
the "Company") is pleased to announce the appointment of Mr. Michael Gallagher as Chief Financial Officer ("CFO") with 
immediate effect. 

Michael joined Falcon in October 2012 as Group Financial Controller with responsibility for the Group's Dublin, 
Hungarian and Australian finance and commercial functions following 11 years working with PricewaterhouseCoopers 
("PwC") in Ireland and the USA. At PwC, Michael had previously worked with and advised both quoted and unquoted Oil & 
Gas exploration and production companies. Michael qualified as a Chartered Accountant with PwC Dublin and is a Fellow 
of Chartered Accountants Ireland. 

Mr. Eoin Grindley steps down as CFO with immediate effect. 

Broker update 

Engagements with Cantor Fitzgerald Europe, Falcon's joint broker have now ended. 

The appointment of Mr. Michael Gallagher is subject to TSXV approval.

Philip O'Quigley, CEO of Falcon commented:

"I am very pleased to announce the appointment of Michael as Chief Financial Officer. Michael has played an active 
role in Falcon and was integral to the execution of the recently announced transformational farm-out with Origin and 
Sasol of 2 May 2014. The management team remain focused in achieving the key milestones in the Australia Farm-out 
program and developing our assets in South Africa and Hungary and are confident that Michael further strengthens the 
team at this important time." 

"I would like to thank Eoin for his contribution over the last two years, and wish him well in his future projects." 

About Falcon Oil & Gas Ltd. 

Falcon is an international oil & gas company engaged in the acquisition, exploration and development of conventional 
and unconventional oil and gas assets, with the current portfolio spread between Australia, South Africa and Hungary. 
Falcon is incorporated in British Columbia, Canada and headquartered in Dublin, Ireland with a technical team based in 
Budapest, Hungary. 

For further information on Falcon Oil & Gas Ltd. please visit www.falconoilandgas.com.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the 
TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. 

Certain information in this press release may constitute forward-looking information. This information is based on 
current expectations that are subject to significant risks and uncertainties that are difficult to predict. Actual 
results might differ materially from results suggested in any forward-looking statements. Falcon assumes no obligation 
to update the forward-looking statements, or to update the reasons why actual results could differ from those 
reflected in the forward looking-statements unless and until required by securities laws applicable to Falcon. 
Additional information identifying risks and uncertainties is contained in Falcon's filings with the Canadian 
securities regulators, which filings are available at www.sedar.com.

-30-

FOR FURTHER INFORMATION PLEASE CONTACT:

Falcon Oil & Gas Ltd. [phone]
Philip O'Quigley, CEO [phone]
Michael Gallagher, CFO [phone]
John Craven, Non-Executive Chairman [phone]

OR

CAMARCO
Billy Clegg [phone]
Georgia Mann [phone]

OR

Davy (NOMAD & Joint Broker)
John Frain / Anthony Farrell [phone]

OR

GMP Securities Europe LLP (Joint Broker)
Rob Collins / Liz Williamson [phone]

-0-

Falcon Oil & Gas Ltd.