Falcon Oil & Gas Ltd. Holds Annual & Sp...

Falcon Oil & Gas Ltd. holds Annual & Special Shareholder meeting

10  December  2015 - Falcon Oil & Gas Ltd. (TSXV: FO, AIM: FOG, ESM: FAC) (The "Company" or "Falcon")  held
its Annual & Special Shareholder meeting in Dublin yesterday.

All  of  the  proposed resolutions were approved with the exception of a special resolution put forward  to
require shareholders to disclose to the Corporation their acquisition of voting or equity securities of the
Corporation that would constitute 3% or more. The full text of each resolution was included in  the  notice
of the meeting circulated to shareholders in advance of the Annual & Special Shareholder meeting.

The  management  team  made  a  presentation  which will be available  on  the  Company's  website  shortly
(www.falconoilandgas.com). There was no new material information disclosed in this presentation.

For further information, please contact:

CONTACT DETAILS:

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

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

GMP Securities Europe LLP (Joint Broker)
Rob Collins / Emily Morris                               [phone]

CAMARCO
Billy Clegg                                              [phone]
Georgia Mann                                             [phone]

About Falcon Oil & Gas Ltd.
Falcon  Oil  &  Gas Ltd 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  focused  in
Australia,  South Africa and Hungary. Falcon Oil & Gas Ltd 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.

Falcon Oil & Gas Ltd.