Falcon Oil & Gas Ltd. To Webcast Annual General Meeting

Budapest, Hungary –  September 14, 2007 – Falcon Oil & Gas Ltd. (TSXV: FO) (“Falcon” or the “Company”), will host a webcast of the company's Annual General Meeting on Tuesday, September 18, 2007 at 10:00 a.m. (PT).

    What:             Falcon Oil & Gas Ltd. Annual General Meeting

    When:             September 18, 2007 at 10 a.m. PT

    Where:            http://www.videonewswire.com/event.asp?id=42276 or the company's website, www.falconoilandgas.com.

    How:             Live over the Internet -- Simply log on to the web at the address above.

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 .

Minimum Requirements to listen to broadcast:
The Windows Media Player software, downloadable free from http://www.microsoft.com and at least a 56Kbps connection to the Internet.

If you experience problems listening to the webcast, send an E-mail to: webcast@multivu.com .

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

Weber Shandwick Worldwide
Peter Duda /JJ Rissi
+1 (212) 445-8213 / +1 (212) 445-8224

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