DENVER, June 16 /PRNewswire-FirstCall/ -- In conjunction with the company's Annual General Meeting, Falcon Oil & Gas Ltd. (TSXV: FO) will host a Webcast of Chairman and CEO Marc A. Bruner's address to shareholders live over the Internet on Monday, June 19, 2006, at 11:00 a.m. Pacific Time/2:00 p.m. Eastern Time. What: Falcon Oil & Gas Ltd. Annual General Meeting - Chairman's Address to Shareholders When: Monday, June 19, 2006 - 11:00 a.m. Pacific Time / 2:00 p.m. Eastern Time Where: http://www.falconoilandgas.com/ How: Live over the Internet -- Simply log on to the web at the Falcon Oil & Gas Web site Contact: Warren Laird, CTA Public Relations, (303) 665-4200 If you are unable to listen to the live event, the Webcast will be archived on the Falcon Oil & Gas Web site, http://www.falconoilandgas.com/ . 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 http://www.falconoilandgas.com/. Contacts: Falcon Oil & Gas Ltd. Marc A. Bruner, Chairman and CEO Michael K. Lam, Corporate Development (416) 303-8810 United States - CTA Public Relations Bevo Beaven, Vice President and General Manager (303) 665-4200 Canada - Brisco Capital Partners Corp. Graeme Dick (403) 215-5979 United Kingdom - 4-C Burvale Carina Corbett, Director 020-7907 4760 / 4761 (Minimum Requirements to listen to broadcast: The Windows Media Player software, downloadable free from http://www.microsoft.com/windows/windowsmedia/EN/default.asp and at least a 28.8Kbps connection to the Internet. If you experience problems listening to the broadcast, send an email to .) DATASOURCE: Falcon Oil & Gas Ltd. CONTACT: Marc A. Bruner, Chairman and CEO, or Michael K. Lam, Corporate Development, both of Falcon Oil & Gas Ltd., +1-416-303-8810; or United States, Bevo Beaven, Vice President and General Manager of CTA Public Relations, +1-303-665-4200; or Canada, Graeme Dick of Brisco Capital Partners Corp., +1-403-215-5979; or United Kingdom, Carina Corbett, Director of 4-C Burvale, 020-7907 4760 or 020-7907 4761 Web site: http://www.falconoilandgas.com/

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