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Falcon Oil & Gas Ltd. Announces the Filing of Its Interim Financial Statements and Accompanying MD&A

09:25 EDT Thursday, May 31, 2012

DENVER, COLORADO--(Marketwire - May 31, 2012) - Falcon Oil & Gas Ltd. (TSX VENTURE:FO) announced that it has filed its interim financial statements for the three month period ended March 31, 2012 and the accompanying management's discussion and analysis.

These filings are available at www.sedar.com and on Falcon's website at www.falconoilandgas.com.

About Falcon Oil & Gas Ltd.

Falcon Oil & Gas Ltd. is an international oil and gas exploration and production company, headquartered in Denver, Colorado, incorporated in British Columbia, Canada, and trading on the TSX Venture Exchange under the symbol "FO." The company specializes in the business of unconventional and conventional oil and gas exploration and production and holds interests in prospective properties in Australia, Hungary, and South Africa.

FOR FURTHER INFORMATION PLEASE CONTACT:

Investor Relations
Falcon Oil & Gas Ltd.
303-951-1110
hmitchell@falconoilandgas.com
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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