Mr. Philip O'Quigley reports

FALCON OIL & GAS LTD. - INVESTOR Q&A AND ADDITIONAL FINANCING DISCLOSURE

Philip O'Quigley, Falcon Oil & Gas Ltd.'s chief executive officer, will give a presentation and conduct a Q&A (question and answer) through the Investor Meet Company platform on June 18, 2024, at 4 p.m. London time following the annual general and special shareholder meeting that will be held in the Conrad Hotel, Earlsfort Terrace, Dublin 2, Ireland, on June 18, 2024, at 11 a.m. London time.

The event is open to all existing and potential shareholders. Questions can be submitted pre-event via your Investor Meet Company dashboard up until 9.00am (London time) the day before the meeting or at any time during the live presentation.

Investors can sign up to Investor Meet Company for free and add to meet Falcon Oil & Gas Ltd. via:

https://www.investormeetcompany.com/falcon-oil-gas-ltd/register-investor

Investors who already follow Falcon Oil & Gas Ltd. on the Investor Meet Company platform will automatically be invited.

Additional Financial Disclosure

In accordance with TSX Venture Exchange policies, Falcon reports that the commission payable to the bookrunner in respect of the fundraising completed in April 2024 was 6% of the gross proceeds raised pursuant to the placing with institutional investors (STG pounds sterling61,200).

Ends.

CONTACT DETAILS: Falcon Oil & Gas Ltd. +353 1 676 8702 Philip O'Quigley, CEO +353 87 814 7042 Anne Flynn, CFO +353 1 676 9162 Cavendish Capital Markets Limited (NOMAD & Joint Broker) Neil McDonald / Adam Rae +44 131 220 9771 Tennyson Securities (Joint Broker) Peter Krens +44 20 7186 9033

About Falcon Oil & Gas Ltd.

Falcon Oil & Gas Ltd is an international oil & gas company engaged in the exploration and development of 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.

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