Falcon Oil & Gas Ltd. To Host Investor Conference Call

Budapest, Hungary – June 27, 2007 – Falcon Oil & Gas Ltd. (TSXV: FO) (“Falcon” or the “Company”), will host an investor conference call on Thursday, June 28, 2007 at 9:00 a.m. (ET) to discuss the Company’s June 27, 2007 announcement regarding strategic partners.

The conference call will be available live via telephone. To participate in the conference call within the U.S. and Canada, dial (800) 772-1085. To participate in the conference internationally, dial (706) 634-5464.

The conference call will be available for replay via telephone beginning at 12:30 p.m. (ET) on Thursday, June 28, 2007, until Thursday, July 5, 2007, at 11:59 p.m. (ET). To listen to a replay of the conference within the U.S. and Canada, dial (800) 642-1687 or internationally (706) 645-9291. The replay code is 5720879.

About Falcon Oil & Gas Ltd.

Falcon Oil & Gas Ltd. is a British Columbia corporation which is in the business of oil and gas exploration and production. It has operations in Hungary through its wholly-owned subsidiary TXM Oil and Gas Exploration, and in Romania through its wholly-owned subsidiary JVX Energy Corporation. Further information about Falcon is available at www.falconoilandgas.com.

Contacts:

Falcon Oil & Gas Ltd.
Marc A. Bruner, President, Chairman & CEO

Weber Shandwick Worldwide
Peter Duda
+1 (212) 445-8213

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.