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Notice of Special Meeting of Shareholders and Management Information Circular

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Falcon Oil & Gas Ltd. 
(“Falcon”)

Notice of Special Meeting of Shareholders and Management Information Circular

27 September 2024 - Falcon Oil & Gas Ltd. (TSXV: FO, AIM: FOG) will hold a
special meeting of shareholders at the Conrad Hotel, Earlsfort Terrace, Dublin
2, Ireland on 29 October 2024 at 11:00 a.m. (Dublin time). A complete notice
and related documents are now available on SEDAR+ at www.sedarplus.ca and
Falcon’s website at www.falconoilandgas.com and are being sent to
shareholders of record as at 19 September 2024.

Falcon will conduct a Q&A via the Investor Meet Company platform later that
day for those unable to attend the meeting in person, details will be
announced in due course.

Ends.

For further information, please contact:

CONTACT DETAILS:

 Falcon Oil & Gas Ltd.                   +353 1 676 8702   
 Philip O'Quigley, CEO                   +353 87 814 7042  
 Anne Flynn, CFO                         +353 1 676 9162   
                                                           
 Cavendish Capital Markets Limited (NOMAD & Joint Broker)  
 Neil McDonald / Adam Rae                +44 131 220 9771  
                                                           
 Tennyson Securities (Joint Broker)                        
 Peter Krens         +44 20 7186 9033                      

About Falcon Oil & Gas Ltd.
Falcon Oil & Gas Ltd. is an international oil & 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 Ltd. is incorporated in British Columbia, Canada and headquartered in
Dublin, Ireland with a technical team based in Budapest, Hungary.

For further information on Falcon Oil & Gas Ltd. please visit
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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