Mr. Philip O'Quigley reports

FALCON OIL & GAS LTD. - NOTICE OF SPECIAL MEETING OF SHAREHOLDERS AND MANAGEMENT INFORMATION CIRCULAR

Falcon Oil & Gas Ltd. will hold a special meeting of shareholders at the Conrad Hotel, Earlsfort Terrace, Dublin 2, Ireland, on March 11, 2026, at 4 p.m. Dublin time. At the meeting, shareholders will be asked to vote on the previously announced plan of arrangement, which provides for the acquisition by Tamboran Resources Corp., through its wholly owned subsidiaries, of all of the equity interests of Falcon's subsidiaries for consideration consisting of 6,537,503 shares of Tamboran common stock and $23.7-million (U.S.).

A complete notice of meeting, management information circular and related documents are now available on SEDAR+ and Falcon's website and are being sent to shareholders of record as at Jan. 26, 2026. Shareholders are urged to read this information carefully and, if you require assistance, to consult your tax, financial, legal or other professional advisers.

In advance of the meeting, Falcon will conduct a Q&A (question and answer) through the Investor Meet Company platform to address any questions that shareholders may have. Details will be announced in due course.

About Falcon Oil & Gas Ltd.

Falcon Oil & Gas is an international oil and 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 is incorporated in British Columbia, Canada, and headquartered in Dublin, Ireland.