CFO

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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Falcon Oil & Gas Ltd. +353 1 417 1900
Philip O'Quigley, CEO +353 87 814 7042
Michael Gallagher, CFO +353 1 417 0814
John Craven, Non-Executive Chairman +353 1 417 1900


CAMARCO
Billy Clegg +44 20 3757 4983
Georgia Mann +44 20 3757 4980


Davy (NOMAD & Joint Broker)
John Frain / Anthony Farrell +353 1 679 6363


GMP Securities Europe LLP (Joint Broker)
Rob Collins / Liz Williamson +44 20 7647 2800

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