Falcon Oil & Gas Ltd. Announces Its Annual ...

FOR:  FALCON OIL & GAS LTD.

TSX VENTURE SYMBOL:  FO
AIM SYMBOL:  FOG
ISE SYMBOL:  FAC

October 19, 2015

Falcon Oil & Gas Ltd. Announces Its Annual General and Special Shareholder Meeting to Be Held on 9 December
2015

DUBLIN, IRELAND--(Marketwired - Oct. 19, 2015) - Falcon Oil & Gas Ltd. (TSX VENTURE:FO)(AIM:FOG)(ESM:FAC)
("Falcon") announces that its Annual General and Special Shareholder Meeting will be held at The Conrad Hotel,
Earlsfort Terrace, Dublin 2, Ireland on 9 December 2015 at 11:00 a.m. (Dublin time).

A complete notice and related documents will be sent to the shareholders of record as at 30 October 2015 and
will also be filed on the Canadian System for Electronic Document Analysis and Retrieval ("SEDAR") at
www.sedar.com and Falcon's website at www.falconoilandgas.com.

The Notice of the Annual General and Special Shareholder meeting was filed on SEDAR on 14 October 2015.

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.

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FOR FURTHER INFORMATION PLEASE CONTACT:

Falcon Oil & Gas Ltd.
[phone]

OR

Falcon Oil & Gas Ltd.
Philip O'Quigley
CEO
[phone]

OR

Falcon Oil & Gas Ltd.
Michael Gallagher
CFO
[phone]

OR

Falcon Oil & Gas Ltd.
John Craven
Non-Executive Chairman
[phone]

OR

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

OR

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

OR

CAMARCO
Billy Clegg
[phone]

OR

CAMARCO
Georgia Mann
[phone]

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Falcon Oil & Gas Ltd.