Falcon Oil & Gas Ltd. Comments on Recent Tr...

FOR:  FALCON OIL & GAS LTD.

TSX VENTURE SYMBOL:  FO
AIM SYMBOL:  FOG

April 28, 2014

Falcon Oil & Gas Ltd. Comments on Recent Share Price Movement

DUBLIN, IRELAND--(Marketwired - April 28, 2014) - Falcon Oil & Gas Ltd. (TSX VENTURE:FO)(AIM:FOG)(ESM:FAC)
("Falcon" or the "Company") notes the recent movement in its share price on the TSX Venture Exchange and
confirms that it is unaware of any matter that would cause this share price movement.

As previously announced, Falcon is well advanced in its discussions and is very confident of securing an
attractive Farm-out of its Beetaloo Basin permits with a large oil and gas company. A further announcement will
be made in due course.

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.

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]
www.falconoilandgas.com

OR

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

OR

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

OR

FTI Consulting
Edward Westropp
[phone]

OR

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

OR

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

OR

Cantor Fitzgerald Europe (Joint Broker)
David Porter / Richard Redmayne
[phone]

Falcon Oil & Gas Ltd.