Company Secretary Change

FOR:  FALCON OIL & GAS LTD.

TSX VENTURE SYMBOL:  FO
AIM SYMBOL:  FOG

August 13, 2014

Falcon Oil & Gas Ltd.-Appointment of New Company Secretary

DUBLIN, IRELAND--(Marketwired - Aug. 13, 2014) - Falcon Oil & Gas Ltd. (TSX VENTURE:FO)(AIM:FOG)(ESM:FAC)
("Falcon" or the "Company") is pleased to announce the appointment of Ms. Rebecca Kacaba as Company Secretary
effective 11 August 2014.

Rebecca is a partner at the legal firm of Aird & Berlis LLP, Toronto, Canada. She is a member of the Aird &
Berlis Corporate Finance and Mergers & Acquisitions Groups and is leader of the Startup Group. She acts as
corporate counsel to a wide range of domestic and international clients including those listed on the Toronto
Stock Exchange and the TSX Venture Exchange, regularly advising on mergers and acquisitions (cross-border and
domestic), public offerings (both initial and secondary), private placement financings (including debt and
equity offerings) and corporate governance matters.

Simultaneous with this appointment, Mr. Daniel Bloch has stepped down as Company Secretary with immediate
effect.

The appointment of Ms. Rebecca Kacaba is subject to TSXV approval.

Philip O'Quigley, CEO of Falcon commented:

"I am delighted to announce the appointment of Rebecca as Company Secretary. Rebecca has been a key part of
Falcon's legal advisors over the last eight years. I look forward to working with Rebecca in her additional
role as Company Secretary."

"I would like to thank Daniel for his many years of service to Falcon and I 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.

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 / Emily Morris [phone]

Falcon Oil & Gas Ltd.