Falcon Oil & Gas Ltd.

Net Asset Value • Jun 30, 2017

National Storage Mechanism | Additional information

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Director Retirement

30 June 2017 - Falcon Oil & Gas Ltd. (TSXV: FO, AIM: FOG, ESM: FAC) announces that Dr. György Szabó, a director of Falcon since 2006 has decided to retire from Falcon's board with effect from today.

Joachim Conrad, Chairman of Falcon, commented:

"On behalf of the board I would like to thank Dr. Szabó for his many years of valuable service to the Company and wish him the very best on his retirement."

CONTACT DETAILS:

Falcon Oil & Gas Ltd.	+353 1 676 8702
Joachim Conrad, Chairman	+353 1 676 8702
Philip O'Quigley, CEO	+353 87 814 7042

Davy (NOMAD & Broker)

John Frain / Anthony Farrell	+353 1 679 6363

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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The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.

Source: Falcon Oil & Gas Ltd. via Globenewswire*