Mr. Philip O'Quigley reports

FALCON OIL & GAS LTD.: APPLICATION FOR LISTING OF COMMON SHARES

Application has been made for admission to trading on the Alternative Investment Market and the Irish Stock Exchange of Falcon Oil & Gas Ltd.'s recently issued common shares as follows:

Further to the announcement on July 11, 2013, regarding, inter alia, the issuance of 97.86 million common shares to Sweetpea as consideration for Falcon's acquisition of Sweetpea's 24-per-cent minority interest in Falcon Australia, the company has made an application to the London Stock Exchange and the Irish Stock Exchange for 97.86 million common shares to be admitted to trading on AIM and ESM.

Further to the announcement on Sept. 19, 2013, regarding, inter alia, the issuance of 5,541,044 common shares to shareholders in Falcon Australia as consideration for Falcon's acquisition of 2,462,686 shares in Falcon Australia, the company has made an application to the London Stock Exchange and the Irish Stock Exchange for 5,541,044 common shares to be admitted to trading on AIM and ESM.

In addition, application has been made to the Irish Stock Exchange and to the London Stock Exchange for 800,000 new common shares in the capital of the company to be admitted to trading on the ESM market of the Irish Stock Exchange and to the AIM market of the London Stock Exchange. These common Shares were issued and allotted pursuant to the exercise of options.

Admission of these shares to trading is expected to occur on or around Dec. 31, 2013.

Following the admission of all these shares to trading on AIM and ESM, the issued and outstanding common shares of Falcon Oil & Gas will be 921,537,517.